Leeward Investments LLC MA Reduces Holdings in Viavi Solutions Inc. (NASDAQ:VIAV)

Leeward Investments LLC MA reduced its stake in Viavi Solutions Inc. (NASDAQ:VIAV) by 0.8% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,621,476 shares of the communications equipment provider’s stock after selling 13,829 shares during the quarter. Leeward Investments LLC MA owned about 0.73% of Viavi Solutions worth $14,739,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Vanguard Group Inc. grew its holdings in Viavi Solutions by 1.6% in the fourth quarter. Vanguard Group Inc. now owns 28,739,930 shares of the communications equipment provider’s stock valued at $289,411,000 after purchasing an additional 451,354 shares during the period. Wellington Management Group LLP increased its stake in shares of Viavi Solutions by 4.0% in the fourth quarter. Wellington Management Group LLP now owns 16,563,670 shares of the communications equipment provider’s stock valued at $166,796,000 after purchasing an additional 638,309 shares during the period. Westwood Holdings Group Inc. raised its stake in Viavi Solutions by 20.2% during the 4th quarter. Westwood Holdings Group Inc. now owns 6,573,335 shares of the communications equipment provider’s stock valued at $66,193,000 after acquiring an additional 1,103,687 shares in the last quarter. Schroder Investment Management Group raised its stake in shares of Viavi Solutions by 15.6% during the fourth quarter. Schroder Investment Management Group now owns 5,321,940 shares of the communications equipment provider’s stock valued at $53,592,000 after purchasing an additional 718,004 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in Viavi Solutions by 4.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 5,026,592 shares of the communications equipment provider’s stock valued at $50,618,000 after buying an additional 202,387 shares during the period. 95.54% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Viavi Solutions

In other news, EVP Paul Mcnab sold 6,822 shares of the firm’s stock in a transaction that occurred on Wednesday, May 29th. The shares were sold at an average price of $7.33, for a total value of $50,005.26. Following the sale, the executive vice president now directly owns 42,955 shares in the company, valued at approximately $314,860.15. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In the last quarter, insiders sold 14,985 shares of company stock valued at $109,969. Corporate insiders own 1.80% of the company’s stock.

Analyst Upgrades and Downgrades

VIAV has been the topic of several research analyst reports. Morgan Stanley lifted their price objective on shares of Viavi Solutions from $9.00 to $11.00 and gave the stock an “equal weight” rating in a research report on Wednesday, March 6th. Argus upgraded shares of Viavi Solutions to a “strong-buy” rating in a research note on Thursday, May 9th. Needham & Company LLC reiterated a “hold” rating on shares of Viavi Solutions in a research note on Friday, May 3rd. Stifel Nicolaus reaffirmed a “buy” rating and set a $13.00 target price on shares of Viavi Solutions in a research report on Monday, April 1st. Finally, Rosenblatt Securities lowered shares of Viavi Solutions from a “buy” rating to a “neutral” rating and cut their price objective for the company from $10.00 to $8.25 in a research report on Wednesday, June 26th. Four analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $11.65.

Viavi Solutions Stock Up 1.3 %

Shares of VIAV stock traded up $0.09 on Thursday, hitting $7.07. 613,006 shares of the stock were exchanged, compared to its average volume of 1,923,393. The business has a 50-day moving average of $7.45 and a 200 day moving average of $8.81. Viavi Solutions Inc. has a fifty-two week low of $6.60 and a fifty-two week high of $11.65. The firm has a market capitalization of $1.58 billion, a P/E ratio of -353.50 and a beta of 0.91. The company has a current ratio of 3.81, a quick ratio of 3.35 and a debt-to-equity ratio of 0.90.

Viavi Solutions (NASDAQ:VIAV) last posted its quarterly earnings results on Thursday, May 2nd. The communications equipment provider reported $0.06 earnings per share for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.01). The business had revenue of $246.00 million during the quarter, compared to the consensus estimate of $249.08 million. Viavi Solutions had a negative net margin of 0.42% and a positive return on equity of 4.65%. The firm’s revenue was down .7% on a year-over-year basis. During the same quarter last year, the company posted $0.02 EPS. Equities analysts anticipate that Viavi Solutions Inc. will post 0.12 EPS for the current year.

About Viavi Solutions

Viavi Solutions Inc provides network test, monitoring, and assurance solutions for communications service providers, hyperscalers, network equipment manufacturers, original equipment manufacturers, government, and avionics customers in the Americas, the Asia-Pacific, Europe, the Middle East, and Africa.