Wells Fargo & Company MN boosted its holdings in shares of Viavi Solutions Inc (NASDAQ:VIAV) by 9.1% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 339,503 shares of the communications equipment provider’s stock after buying an additional 28,337 shares during the period. Wells Fargo & Company MN’s holdings in Viavi Solutions were worth $3,212,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Commonwealth Equity Services Inc acquired a new position in Viavi Solutions during the third quarter worth $111,000. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Viavi Solutions by 10.4% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,635 shares of the communications equipment provider’s stock worth $112,000 after buying an additional 1,003 shares during the last quarter. BlueMountain Capital Management LLC acquired a new position in Viavi Solutions during the second quarter worth $123,000. Sciencast Management LP acquired a new position in Viavi Solutions during the second quarter worth $146,000. Finally, Stevens Capital Management LP acquired a new position in Viavi Solutions during the second quarter worth $175,000. 92.40% of the stock is currently owned by hedge funds and other institutional investors.

In related news, SVP Luke M. Scrivanich sold 3,920 shares of Viavi Solutions stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $8.97, for a total transaction of $35,162.40. Following the sale, the senior vice president now directly owns 27,629 shares of the company’s stock, valued at $247,832.13. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Paul Mcnab sold 3,003 shares of Viavi Solutions stock in a transaction dated Wednesday, November 22nd. The stock was sold at an average price of $9.05, for a total value of $27,177.15. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 38,713 shares of company stock worth $353,871. 0.59% of the stock is currently owned by company insiders.

Several equities analysts have commented on the stock. Stifel Nicolaus reissued a “hold” rating on shares of Viavi Solutions in a research report on Tuesday, October 24th. Needham & Company LLC reaffirmed a “hold” rating on shares of Viavi Solutions in a research report on Thursday, October 12th. Rosenblatt Securities set a $13.00 price target on Viavi Solutions and gave the company a “buy” rating in a research report on Wednesday, December 13th. Finally, Zacks Investment Research downgraded Viavi Solutions from a “hold” rating to a “sell” rating in a research report on Thursday, November 2nd. Two analysts have rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $12.50.

Shares of Viavi Solutions Inc (NASDAQ:VIAV) opened at $8.73 on Thursday. The stock has a market capitalization of $1,990.00, a PE ratio of 24.94, a PEG ratio of 1.48 and a beta of 1.90. Viavi Solutions Inc has a 1 year low of $8.21 and a 1 year high of $11.89. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.20 and a quick ratio of 2.10.

Viavi Solutions (NASDAQ:VIAV) last issued its quarterly earnings results on Wednesday, November 1st. The communications equipment provider reported $0.11 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.05 by $0.06. The company had revenue of $195.20 million for the quarter, compared to the consensus estimate of $183.89 million. Viavi Solutions had a return on equity of 8.99% and a net margin of 10.57%. The firm’s revenue was down 7.4% compared to the same quarter last year. During the same period last year, the business posted $0.09 earnings per share. sell-side analysts predict that Viavi Solutions Inc will post 0.31 EPS for the current year.

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

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