Russell Investments Group Ltd. reduced its position in shares of Viavi Solutions Inc. (NASDAQ:VIAV) by 13.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,234,057 shares of the communications equipment provider’s stock after selling 184,099 shares during the period. Russell Investments Group Ltd.’s holdings in Viavi Solutions were worth $12,994,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of VIAV. BlackRock Inc. raised its position in Viavi Solutions by 48,994.6% in the first quarter. BlackRock Inc. now owns 30,339,979 shares of the communications equipment provider’s stock worth $325,243,000 after buying an additional 30,278,180 shares during the period. Teachers Advisors LLC raised its position in Viavi Solutions by 568.2% in the first quarter. Teachers Advisors LLC now owns 2,600,431 shares of the communications equipment provider’s stock worth $27,877,000 after buying an additional 2,211,252 shares during the period. Norges Bank acquired a new position in Viavi Solutions during the fourth quarter worth $17,437,000. FMR LLC raised its position in Viavi Solutions by 543.9% in the first quarter. FMR LLC now owns 1,834,270 shares of the communications equipment provider’s stock worth $19,664,000 after buying an additional 1,549,400 shares during the period. Finally, Myriad Asset Management Ltd. acquired a new position in Viavi Solutions during the first quarter worth $13,347,000. 93.25% of the stock is owned by hedge funds and other institutional investors.

Shares of Viavi Solutions Inc. (NASDAQ VIAV) traded down 0.09% during mid-day trading on Friday, reaching $10.52. The company had a trading volume of 3,018,350 shares. Viavi Solutions Inc. has a 1-year low of $6.99 and a 1-year high of $11.89. The company has a market capitalization of $2.39 billion, a PE ratio of 29.06 and a beta of 1.36. The stock’s 50-day moving average price is $10.91 and its 200 day moving average price is $10.57.

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VIAV has been the subject of a number of recent research reports. Zacks Investment Research raised shares of Viavi Solutions from a “hold” rating to a “buy” rating and set a $13.00 target price for the company in a report on Tuesday, May 9th. Jefferies Group LLC raised shares of Viavi Solutions from a “hold” rating to a “buy” rating and raised their target price for the company from $9.50 to $14.00 in a report on Friday, May 5th. BidaskClub raised shares of Viavi Solutions from a “hold” rating to a “buy” rating in a report on Tuesday, July 25th. Stifel Nicolaus reissued a “hold” rating and issued a $11.00 target price (up from $9.50) on shares of Viavi Solutions in a report on Thursday, June 22nd. Finally, TheStreet lowered shares of Viavi Solutions from a “b” rating to a “c+” rating in a report on Tuesday, August 1st. Four equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $11.41.

In other Viavi Solutions news, SVP Luke M. Scrivanich sold 4,691 shares of the company’s stock in a transaction on Tuesday, May 23rd. The stock was sold at an average price of $11.39, for a total value of $53,430.49. Following the completion of the sale, the senior vice president now directly owns 22,707 shares in the company, valued at approximately $258,632.73. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Over the last 90 days, insiders sold 9,632 shares of company stock valued at $108,000. 0.35% of the stock is owned by company insiders.

Viavi Solutions Company Profile

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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Institutional Ownership by Quarter for Viavi Solutions (NASDAQ:VIAV)

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