Viavi Solutions Inc. $VIAV Stake Decreased by Schroder Investment Management Group

Schroder Investment Management Group cut its holdings in shares of Viavi Solutions Inc. (NASDAQ:VIAV) by 26.4% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 6,043,923 shares of the communications equipment provider’s stock after selling 2,169,528 shares during the period. Schroder Investment Management Group’s holdings in Viavi Solutions were worth $76,697,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Knights of Columbus Asset Advisors LLC grew its stake in shares of Viavi Solutions by 39.7% in the third quarter. Knights of Columbus Asset Advisors LLC now owns 224,014 shares of the communications equipment provider’s stock worth $2,843,000 after purchasing an additional 63,605 shares in the last quarter. Fisher Asset Management LLC raised its stake in shares of Viavi Solutions by 14.2% during the third quarter. Fisher Asset Management LLC now owns 469,354 shares of the communications equipment provider’s stock valued at $5,956,000 after purchasing an additional 58,364 shares in the last quarter. Oak Ridge Investments LLC acquired a new stake in Viavi Solutions in the third quarter worth about $3,855,000. Cookson Peirce & Co. Inc. acquired a new stake in Viavi Solutions in the third quarter worth about $1,187,000. Finally, Assenagon Asset Management S.A. grew its position in Viavi Solutions by 29.5% in the 3rd quarter. Assenagon Asset Management S.A. now owns 974,906 shares of the communications equipment provider’s stock valued at $12,372,000 after buying an additional 221,949 shares in the last quarter. 95.54% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Viavi Solutions news, SVP Gary W. Staley sold 24,237 shares of the firm’s stock in a transaction dated Thursday, February 5th. The stock was sold at an average price of $23.93, for a total transaction of $579,991.41. Following the completion of the sale, the senior vice president directly owned 136,267 shares in the company, valued at approximately $3,260,869.31. This trade represents a 15.10% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Oleg Khaykin sold 74,315 shares of the stock in a transaction that occurred on Wednesday, February 4th. The stock was sold at an average price of $26.48, for a total transaction of $1,967,861.20. Following the completion of the sale, the chief executive officer directly owned 1,849,437 shares of the company’s stock, valued at $48,973,091.76. This trade represents a 3.86% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 492,540 shares of company stock worth $12,863,770 in the last quarter. 1.80% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several equities analysts have commented on the stock. Susquehanna raised their target price on shares of Viavi Solutions from $18.00 to $25.00 and gave the company a “positive” rating in a research note on Thursday, January 29th. Weiss Ratings reiterated a “sell (d)” rating on shares of Viavi Solutions in a report on Monday, December 29th. Needham & Company LLC raised their price objective on shares of Viavi Solutions from $28.00 to $36.00 and gave the company a “buy” rating in a research note on Monday, March 2nd. B. Riley Financial boosted their target price on Viavi Solutions from $18.00 to $22.00 and gave the stock a “buy” rating in a report on Monday, January 26th. Finally, Wall Street Zen downgraded Viavi Solutions from a “buy” rating to a “hold” rating in a research report on Saturday. Six investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $23.13.

Viavi Solutions Trading Up 4.9%

Viavi Solutions stock opened at $29.24 on Tuesday. Viavi Solutions Inc. has a 52 week low of $8.10 and a 52 week high of $35.61. The company has a debt-to-equity ratio of 1.46, a quick ratio of 2.32 and a current ratio of 2.61. The firm has a market capitalization of $6.77 billion, a price-to-earnings ratio of -162.44 and a beta of 0.91. The company has a 50 day moving average price of $23.80 and a 200 day moving average price of $18.00.

Viavi Solutions (NASDAQ:VIAV) last announced its earnings results on Wednesday, January 28th. The communications equipment provider reported $0.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.03. The company had revenue of $369.30 million for the quarter, compared to the consensus estimate of $365.25 million. Viavi Solutions had a negative net margin of 3.38% and a positive return on equity of 13.03%. The company’s revenue was up 36.4% on a year-over-year basis. During the same period in the previous year, the business earned $0.13 EPS. Viavi Solutions has set its Q3 2026 guidance at 0.220-4.000 EPS. Research analysts forecast that Viavi Solutions Inc. will post 0.26 EPS for the current year.

Viavi Solutions Company 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.