Public Sector Pension Investment Board boosted its holdings in Viavi Solutions Inc. (NASDAQ:VIAV – Free Report) by 14.4% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 870,753 shares of the communications equipment provider’s stock after acquiring an additional 109,741 shares during the quarter. Public Sector Pension Investment Board owned 0.39% of Viavi Solutions worth $11,050,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. GAMMA Investing LLC increased its holdings in shares of Viavi Solutions by 33.6% in the third quarter. GAMMA Investing LLC now owns 3,278 shares of the communications equipment provider’s stock valued at $42,000 after buying an additional 825 shares in the last quarter. Covestor Ltd raised its position in shares of Viavi Solutions by 22.9% during the third quarter. Covestor Ltd now owns 3,631 shares of the communications equipment provider’s stock worth $46,000 after purchasing an additional 676 shares during the period. Nisa Investment Advisors LLC raised its position in shares of Viavi Solutions by 32.0% during the third quarter. Nisa Investment Advisors LLC now owns 3,707 shares of the communications equipment provider’s stock worth $47,000 after purchasing an additional 898 shares during the period. Vise Technologies Inc. purchased a new stake in shares of Viavi Solutions during the second quarter valued at $128,000. Finally, Smartleaf Asset Management LLC boosted its position in shares of Viavi Solutions by 12.7% in the 3rd quarter. Smartleaf Asset Management LLC now owns 10,835 shares of the communications equipment provider’s stock valued at $136,000 after purchasing an additional 1,224 shares during the period. 95.54% of the stock is currently owned by institutional investors.
Insider Activity
In other news, SVP Kevin Christopher Siebert sold 24,225 shares of the business’s stock in a transaction that occurred on Monday, December 8th. The stock was sold at an average price of $18.26, for a total transaction of $442,348.50. Following the sale, the senior vice president directly owned 49,225 shares in the company, valued at approximately $898,848.50. The trade was a 32.98% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Oleg Khaykin sold 85,836 shares of the business’s stock in a transaction on Monday, December 1st. The shares were sold at an average price of $17.63, for a total transaction of $1,513,288.68. Following the completion of the sale, the chief executive officer directly owned 2,025,005 shares in the company, valued at $35,700,838.15. This trade represents a 4.07% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 816,478 shares of company stock worth $18,252,526 in the last 90 days. Insiders own 1.80% of the company’s stock.
Viavi Solutions Stock Down 0.8%
Viavi Solutions (NASDAQ:VIAV – Get Free Report) last released its quarterly earnings data on Wednesday, January 28th. The communications equipment provider reported $0.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.19 by $0.03. The firm had revenue of $369.30 million during the quarter, compared to analysts’ expectations of $365.25 million. Viavi Solutions had a positive return on equity of 13.03% and a negative net margin of 3.38%.The business’s revenue for the quarter was up 36.4% on a year-over-year basis. During the same quarter last year, the firm earned $0.13 earnings per share. Viavi Solutions has set its Q3 2026 guidance at 0.220-4.000 EPS. On average, research analysts predict that Viavi Solutions Inc. will post 0.26 EPS for the current fiscal year.
Analyst Ratings Changes
Several research firms have issued reports on VIAV. Needham & Company LLC boosted their price objective on Viavi Solutions from $24.00 to $28.00 and gave the stock a “buy” rating in a report on Thursday, January 29th. Wall Street Zen lowered shares of Viavi Solutions from a “strong-buy” rating to a “buy” rating in a report on Sunday, January 18th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Viavi Solutions in a research note on Monday, December 29th. Susquehanna lifted their price objective on shares of Viavi Solutions from $18.00 to $25.00 and gave the stock a “positive” rating in a research report on Thursday, January 29th. Finally, Stifel Nicolaus boosted their target price on shares of Viavi Solutions from $20.00 to $24.00 and gave the company a “buy” rating in a research note on Thursday, January 29th. Six equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $22.13.
Get Our Latest Analysis on Viavi Solutions
Viavi Solutions Profile
Viavi Solutions Inc is a provider of network test, monitoring and assurance solutions for communications service providers, cable operators, enterprises and government agencies. The company offers an extensive portfolio of fiber optic and copper cable test and measurement instruments, wireless network testing equipment and network performance monitoring software. Its products are designed to support the deployment, maintenance and optimization of high-speed broadband, 5G wireless, data center and enterprise networks.
Viavi’s product offerings are organized into two primary segments: Network & Service Enablement and Optical Security & Performance.
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