Metropolitan Life Insurance Co. NY grew its position in shares of Viavi Solutions Inc (NASDAQ:VIAV) by 7.2% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 73,365 shares of the communications equipment provider’s stock after buying an additional 4,958 shares during the period. Metropolitan Life Insurance Co. NY’s holdings in Viavi Solutions were worth $751,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the business. PEAK6 Investments L.P. bought a new position in Viavi Solutions during the 2nd quarter worth approximately $799,000. Macquarie Group Ltd. lifted its holdings in Viavi Solutions by 0.3% during the 2nd quarter. Macquarie Group Ltd. now owns 2,786,563 shares of the communications equipment provider’s stock worth $28,534,000 after buying an additional 7,114 shares during the last quarter. Dorsal Capital Management LLC lifted its holdings in Viavi Solutions by 31.9% during the 2nd quarter. Dorsal Capital Management LLC now owns 4,750,000 shares of the communications equipment provider’s stock worth $48,640,000 after buying an additional 1,150,000 shares during the last quarter. Manatuck Hill Partners LLC bought a new position in Viavi Solutions during the 2nd quarter worth approximately $1,024,000. Finally, Raymond James & Associates bought a new position in Viavi Solutions during the 2nd quarter worth approximately $109,000. 91.01% of the stock is currently owned by institutional investors.

Shares of Viavi Solutions stock opened at $11.32 on Tuesday. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.89 and a current ratio of 2.05. The company has a market cap of $2.55 billion, a PE ratio of 33.11 and a beta of 0.93. Viavi Solutions Inc has a twelve month low of $8.34 and a twelve month high of $11.55.

Viavi Solutions (NASDAQ:VIAV) last announced its quarterly earnings results on Tuesday, August 14th. The communications equipment provider reported $0.14 earnings per share for the quarter, topping analysts’ consensus estimates of $0.11 by $0.03. The business had revenue of $264.00 million for the quarter, compared to analysts’ expectations of $255.10 million. Viavi Solutions had a positive return on equity of 11.57% and a negative net margin of 5.22%. The business’s quarterly revenue was up 33.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.12 EPS. research analysts expect that Viavi Solutions Inc will post 0.44 EPS for the current year.

A number of research analysts have commented on the company. William Blair reaffirmed a “buy” rating on shares of Viavi Solutions in a report on Wednesday, August 15th. BidaskClub raised Viavi Solutions from a “hold” rating to a “buy” rating in a report on Wednesday, August 15th. B. Riley increased their target price on Viavi Solutions from $12.00 to $13.00 and gave the stock a “buy” rating in a report on Monday, August 13th. Needham & Company LLC raised Viavi Solutions from a “hold” rating to a “buy” rating and set a $13.50 target price on the stock in a report on Monday, August 13th. Finally, ValuEngine raised Viavi Solutions from a “sell” rating to a “hold” rating in a report on Thursday, August 2nd. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and eight have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $11.29.

In other news, SVP Ralph Rondinone sold 4,949 shares of the stock in a transaction that occurred on Thursday, August 30th. The stock was sold at an average price of $11.43, for a total transaction of $56,567.07. Following the sale, the senior vice president now directly owns 24,695 shares in the company, valued at approximately $282,263.85. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.59% of the stock is currently owned by corporate insiders.

Viavi Solutions Company Profile

Viavi Solutions Inc provides network test, monitoring, and assurance solutions to communications service providers, enterprises, network equipment manufacturers, civil government, military, and avionics customers worldwide. The company operates through Network Enablement, Service Enablement, and Optical Security and Performance Products segments.

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

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