SG Americas Securities LLC decreased its position in Viavi Solutions Inc. (NASDAQ:VIAV) by 77.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 74,951 shares of the communications equipment provider’s stock after selling 264,847 shares during the period. SG Americas Securities LLC’s holdings in Viavi Solutions were worth $803,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Quantitative Systematic Strategies LLC bought a new stake in shares of Viavi Solutions during the first quarter valued at approximately $132,000. Commerzbank Aktiengesellschaft FI increased its stake in shares of Viavi Solutions by 16.2% in the fourth quarter. Commerzbank Aktiengesellschaft FI now owns 12,818 shares of the communications equipment provider’s stock valued at $105,000 after buying an additional 1,791 shares during the period. First Mercantile Trust Co. bought a new stake in shares of Viavi Solutions during the first quarter valued at approximately $155,000. World Asset Management Inc increased its stake in shares of Viavi Solutions by 1.2% in the first quarter. World Asset Management Inc now owns 14,757 shares of the communications equipment provider’s stock valued at $158,000 after buying an additional 174 shares during the period. Finally, Everence Capital Management Inc. bought a new stake in shares of Viavi Solutions during the first quarter valued at approximately $168,000. 93.24% of the stock is currently owned by institutional investors and hedge funds.

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

Viavi Solutions Inc. (NASDAQ:VIAV) opened at 11.31 on Friday. Viavi Solutions Inc. has a 12-month low of $6.36 and a 12-month high of $11.89. The company has a market capitalization of $2.57 billion, a price-to-earnings ratio of 31.24 and a beta of 1.36. The stock has a 50 day moving average price of $11.16 and a 200 day moving average price of $9.87.

Viavi Solutions (NASDAQ:VIAV) last announced its quarterly earnings data on Tuesday, May 2nd. The communications equipment provider reported $0.06 earnings per share for the quarter, topping analysts’ consensus estimates of $0.04 by $0.02. Viavi Solutions had a net margin of 9.83% and a return on equity of 8.57%. The company had revenue of $196 million during the quarter, compared to analyst estimates of $196.85 million. On average, analysts expect that Viavi Solutions Inc. will post $0.36 EPS for the current year.

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VIAV has been the subject of several analyst reports. TheStreet raised Viavi Solutions from a “c+” rating to a “b-” rating in a research note on Thursday, March 2nd. Rosenblatt Securities initiated coverage on Viavi Solutions in a research note on Tuesday, March 14th. They issued a “buy” rating and a $17.20 price objective for the company. Zacks Investment Research raised Viavi Solutions from a “hold” rating to a “buy” rating and set a $12.00 price objective for the company in a research note on Thursday, April 6th. B. Riley reissued a “neutral” rating and issued a $8.25 price objective on shares of Viavi Solutions in a research note on Monday, May 1st. Finally, Stifel Nicolaus increased their price objective on Viavi Solutions from $8.50 to $9.50 and gave the stock a “hold” rating in a research note on Wednesday, May 3rd. Five equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Viavi Solutions presently has a consensus rating of “Buy” and a consensus price target of $10.77.

In other Viavi Solutions news, EVP Paul Mcnab sold 3,702 shares of the business’s stock in a transaction on Tuesday, May 9th. The shares were sold at an average price of $11.52, for a total transaction of $42,647.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Luke M. Scrivanich sold 4,691 shares of the business’s stock in a transaction on Tuesday, May 23rd. The shares were sold at an average price of $11.39, for a total transaction of $53,430.49. Following the sale, the senior vice president now owns 22,707 shares of the company’s stock, valued at $258,632.73. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 10,569 shares of company stock valued at $119,926. 0.35% of the stock is owned by company insiders.

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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