Insider Selling: Viavi Solutions Inc. (NASDAQ:VIAV) EVP Sells $55,076.48 in Stock

Viavi Solutions Inc. (NASDAQ:VIAV) EVP Paul Mcnab sold 7,324 shares of the company’s stock in a transaction on Tuesday, August 13th. The shares were sold at an average price of $7.52, for a total transaction of $55,076.48. Following the completion of the sale, the executive vice president now directly owns 35,631 shares in the company, valued at $267,945.12. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Paul Mcnab also recently made the following trade(s):

• On Wednesday, May 29th, Paul Mcnab sold 6,822 shares of Viavi Solutions stock. The shares were sold at an average price of $7.33, for a total transaction of $50,005.26.

Viavi Solutions Stock Performance

VIAV opened at $8.10 on Friday. The firm’s fifty day simple moving average is $7.43 and its two-hundred day simple moving average is $8.32. Viavi Solutions Inc. has a 52-week low of $6.60 and a 52-week high of $11.32. The company has a market cap of $1.81 billion, a price-to-earnings ratio of -405.00 and a beta of 0.91. The company has a quick ratio of 3.16, a current ratio of 3.55 and a debt-to-equity ratio of 0.93.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Mutual of America Capital Management LLC increased its stake in Viavi Solutions by 423.6% during the 1st quarter. Mutual of America Capital Management LLC now owns 203,814 shares of the communications equipment provider’s stock worth $1,853,000 after buying an additional 164,889 shares in the last quarter. Vanguard Group Inc. increased its position in shares of Viavi Solutions by 1.6% during the fourth quarter. Vanguard Group Inc. now owns 28,739,930 shares of the communications equipment provider’s stock worth $289,411,000 after purchasing an additional 451,354 shares in the last quarter. State Board of Administration of Florida Retirement System raised its stake in Viavi Solutions by 127.6% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 204,786 shares of the communications equipment provider’s stock valued at $1,862,000 after purchasing an additional 114,822 shares during the last quarter. Franklin Resources Inc. raised its stake in Viavi Solutions by 12.9% in the 4th quarter. Franklin Resources Inc. now owns 2,498,711 shares of the communications equipment provider’s stock valued at $25,162,000 after purchasing an additional 285,907 shares during the last quarter. Finally, Knights of Columbus Asset Advisors LLC lifted its holdings in Viavi Solutions by 102.9% in the 4th quarter. Knights of Columbus Asset Advisors LLC now owns 346,475 shares of the communications equipment provider’s stock valued at $3,489,000 after purchasing an additional 175,695 shares in the last quarter. Institutional investors and hedge funds own 95.54% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. Rosenblatt Securities lowered Viavi Solutions from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $10.00 to $8.25 in a research note on Wednesday, June 26th. B. Riley cut their target price on shares of Viavi Solutions from $9.00 to $8.50 and set a “neutral” rating for the company in a report on Friday, August 9th. Stifel Nicolaus lowered their price target on shares of Viavi Solutions from $13.00 to $10.50 and set a “buy” rating on the stock in a report on Tuesday, August 6th. Susquehanna cut shares of Viavi Solutions from a “positive” rating to a “neutral” rating and set a $9.00 price objective for the company. in a report on Friday, May 3rd. Finally, Needham & Company LLC reiterated a “hold” rating on shares of Viavi Solutions in a research report on Friday, August 9th. Six research analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Viavi Solutions has an average rating of “Hold” and a consensus price target of $10.71.

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.