200,000 Shares in Viavi Solutions Inc. $VIAV Acquired by HBK Investments L P

HBK Investments L P bought a new position in shares of Viavi Solutions Inc. (NASDAQ:VIAV) during the 2nd quarter, HoldingsChannel.com reports. The fund bought 200,000 shares of the communications equipment provider’s stock, valued at approximately $9,550,000.

Other large investors also recently bought and sold shares of the company. BlackRock Inc. purchased a new position in shares of Viavi Solutions in the second quarter worth $1,228,529,000. Capital World Investors grew its holdings in shares of Viavi Solutions by 4.4% during the fourth quarter. Capital World Investors now owns 15,620,410 shares of the communications equipment provider’s stock valued at $278,356,000 after buying an additional 664,956 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its holdings in shares of Viavi Solutions by 0.5% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 6,673,145 shares of the communications equipment provider’s stock valued at $118,915,000 after buying an additional 33,463 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Viavi Solutions by 0.4% in the 4th quarter. Geode Capital Management LLC now owns 5,351,211 shares of the communications equipment provider’s stock valued at $95,373,000 after acquiring an additional 20,776 shares during the period. Finally, Bank of America Corp DE acquired a new position in shares of Viavi Solutions in the 2nd quarter valued at $134,922,000. Hedge funds and other institutional investors own 95.54% of the company’s stock.

Viavi Solutions Stock Performance

Shares of Viavi Solutions stock traded up $0.71 during trading on Wednesday, hitting $34.47. 4,693,507 shares of the company’s stock were exchanged, compared to its average volume of 6,042,025. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.62 and a current ratio of 1.85. The business has a 50-day simple moving average of $38.66 and a 200-day simple moving average of $41.63. Viavi Solutions Inc. has a 52-week low of $12.05 and a 52-week high of $60.43. The stock has a market capitalization of $8.51 billion, a price-to-earnings ratio of -229.78 and a beta of 1.22.

Viavi Solutions (NASDAQ:VIAV) last posted its quarterly earnings results on Wednesday, August 5th. The communications equipment provider reported $0.34 EPS for the quarter, beating the consensus estimate of $0.30 by $0.04. Viavi Solutions had a negative net margin of 2.00% and a positive return on equity of 19.60%. The company had revenue of $443.10 million for the quarter, compared to analyst estimates of $432.62 million. During the same period in the prior year, the company earned $0.13 earnings per share. The firm’s revenue was up 52.5% on a year-over-year basis. Viavi Solutions has set its Q1 2027 guidance at 0.400-0.420 EPS. On average, research analysts forecast that Viavi Solutions Inc. will post 1.32 EPS for the current year.

Analyst Ratings Changes

A number of analysts have commented on the company. Stifel Nicolaus lifted their price target on Viavi Solutions from $60.00 to $65.00 and gave the stock a “buy” rating in a research report on Thursday, August 6th. Zacks Research upgraded Viavi Solutions from a “hold” rating to a “strong-buy” rating in a research note on Thursday, August 13th. Weiss Ratings lowered Viavi Solutions from a “sell (d+)” rating to a “sell (d)” rating in a report on Tuesday, September 8th. Rosenblatt Securities restated a “buy” rating and issued a $70.00 price objective on shares of Viavi Solutions in a research note on Wednesday, August 19th. Finally, Needham & Company LLC decreased their target price on Viavi Solutions from $68.00 to $60.00 and set a “buy” rating for the company in a report on Thursday, August 6th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $55.43.

Insider Buying and Selling

In other news, EVP Paul McNab sold 11,032 shares of the company’s stock in a transaction dated Friday, September 11th. The stock was sold at an average price of $38.97, for a total value of $429,917.04. Following the sale, the executive vice president owned 25,639 shares in the company, valued at $999,151.83. This represents a 30.08% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Luke Scrivanich sold 23,911 shares of the company’s stock in a transaction dated Monday, August 31st. The stock was sold at an average price of $36.37, for a total value of $869,643.07. Following the completion of the sale, the senior vice president owned 39,598 shares in the company, valued at $1,440,179.26. The trade was a 37.65% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 163,828 shares of company stock worth $6,676,449. Corporate insiders own 1.80% of the company’s stock.

Viavi Solutions Company Profile

Viavi Solutions Inc (NASDAQ: VIAV) develops test, measurement, and assurance technologies for communications networks and optical systems. Its products and software help telecommunications providers, network equipment manufacturers, data centers, government organizations, and other enterprises build, validate, monitor, and maintain wired and wireless networks.

The company’s offerings include instruments and software for fiber-optic testing, network installation and certification, service activation, network performance monitoring, troubleshooting, and telecommunications equipment testing.