Dynamic Technology Lab Private Ltd Has $1.21 Million Stake in Viavi Solutions Inc. (VIAV)
Dynamic Technology Lab Private Ltd increased its position in Viavi Solutions Inc. (NASDAQ:VIAV) by 126.5% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 127,962 shares of the communications equipment provider’s stock after acquiring an additional 71,465 shares during the quarter. Dynamic Technology Lab Private Ltd owned about 0.06% of Viavi Solutions worth $1,210,000 at the end of the most recent quarter.
Several other hedge funds have also recently added to or reduced their stakes in VIAV. Fox Run Management L.L.C. bought a new stake in Viavi Solutions during the second quarter valued at approximately $243,000. Gateway Investment Advisers LLC lifted its position in Viavi Solutions by 148.2% during the second quarter. Gateway Investment Advisers LLC now owns 28,270 shares of the communications equipment provider’s stock valued at $298,000 after purchasing an additional 16,882 shares during the last quarter. Creative Planning lifted its position in Viavi Solutions by 177.9% during the second quarter. Creative Planning now owns 11,302 shares of the communications equipment provider’s stock valued at $119,000 after purchasing an additional 7,235 shares during the last quarter. State of Alaska Department of Revenue lifted its position in Viavi Solutions by 75.5% during the second quarter. State of Alaska Department of Revenue now owns 44,808 shares of the communications equipment provider’s stock valued at $471,000 after purchasing an additional 19,278 shares during the last quarter. Finally, Aperio Group LLC lifted its position in Viavi Solutions by 12.3% during the second quarter. Aperio Group LLC now owns 90,782 shares of the communications equipment provider’s stock valued at $956,000 after purchasing an additional 9,964 shares during the last quarter. Institutional investors own 91.62% of the company’s stock.
In related news, VP Kevin Christopher Siebert sold 10,689 shares of Viavi Solutions stock in a transaction on Friday, September 29th. The shares were sold at an average price of $9.40, for a total value of $100,476.60. Following the transaction, the vice president now directly owns 14,968 shares of the company’s stock, valued at $140,699.20. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Ralph Rondinone sold 4,569 shares of Viavi Solutions stock in a transaction on Tuesday, August 22nd. The stock was sold at an average price of $9.83, for a total transaction of $44,913.27. Following the completion of the transaction, the senior vice president now directly owns 7,239 shares in the company, valued at $71,159.37. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 95,560 shares of company stock worth $926,560. 0.59% of the stock is owned by insiders.
Several brokerages have issued reports on VIAV. BidaskClub upgraded shares of Viavi Solutions from a “hold” rating to a “buy” rating in a research report on Tuesday, July 25th. B. Riley reiterated a “buy” rating and set a $14.00 target price on shares of Viavi Solutions in a research report on Thursday, August 10th. TheStreet lowered shares of Viavi Solutions from a “b” rating to a “c+” rating in a research report on Tuesday, August 1st. Stifel Nicolaus reiterated a “hold” rating and set a $11.00 target price on shares of Viavi Solutions in a research report on Thursday, August 3rd. Finally, MKM Partners lifted their target price on shares of Viavi Solutions from $11.00 to $12.00 and gave the company a “buy” rating in a research report on Wednesday, August 16th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and six have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $12.78.
Viavi Solutions Inc. (NASDAQ:VIAV) traded up $0.13 during mid-day trading on Monday, hitting $8.92. 130,005 shares of the company’s stock traded hands, compared to its average volume of 3,089,821. The stock has a market capitalization of $2,000.00, a P/E ratio of 29.30, a PEG ratio of 1.44 and a beta of 1.86. Viavi Solutions Inc. has a 52-week low of $7.56 and a 52-week high of $11.89. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.20 and a quick ratio of 2.10.
Viavi Solutions (NASDAQ:VIAV) last posted its quarterly earnings results on Wednesday, November 1st. The communications equipment provider reported $0.11 EPS for the quarter, topping the consensus estimate of $0.05 by $0.06. The firm had revenue of $195.20 million for the quarter, compared to the consensus estimate of $183.89 million. Viavi Solutions had a net margin of 10.57% and a return on equity of 8.99%. The business’s revenue was down 7.4% compared to the same quarter last year. During the same period last year, the firm posted $0.09 earnings per share. equities analysts forecast that Viavi Solutions Inc. will post 0.31 EPS for the current fiscal year.
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About Viavi Solutions
Viavi Solutions Inc (Viavi) is a provider of network test, monitoring and assurance solutions to communications service providers, enterprises and their ecosystems. The Company also offers thin film optical coatings, providing light management solutions to anti-counterfeiting, consumer and industrial, government and healthcare and other markets.
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