Brookstone Capital Management purchased a new position in Viavi Solutions Inc. (NASDAQ:VIAV – Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 20,236 shares of the communications equipment provider’s stock, valued at approximately $361,000.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. GAMMA Investing LLC raised its holdings in shares of Viavi Solutions by 33.6% in the third quarter. GAMMA Investing LLC now owns 3,278 shares of the communications equipment provider’s stock worth $42,000 after buying an additional 825 shares during the period. Johnson Financial Group Inc. purchased a new stake in shares of Viavi Solutions in the third quarter worth approximately $44,000. Covestor Ltd raised its holdings in shares of Viavi Solutions by 22.9% in the third quarter. Covestor Ltd now owns 3,631 shares of the communications equipment provider’s stock worth $46,000 after buying an additional 676 shares during the period. Nisa Investment Advisors LLC raised its holdings in shares of Viavi Solutions by 32.0% in the third quarter. Nisa Investment Advisors LLC now owns 3,707 shares of the communications equipment provider’s stock worth $47,000 after buying an additional 898 shares during the period. Finally, Swiss Life Asset Management Ltd purchased a new stake in shares of Viavi Solutions in the third quarter worth approximately $133,000. 95.54% of the stock is currently owned by hedge funds and other institutional investors.
Insider Buying and Selling
In other news, EVP Paul Mcnab sold 3,551 shares of Viavi Solutions stock in a transaction on Monday, March 2nd. The stock was sold at an average price of $32.89, for a total value of $116,792.39. Following the transaction, the executive vice president directly owned 18,198 shares in the company, valued at approximately $598,532.22. This trade represents a 16.33% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Richard Belluzzo sold 15,775 shares of Viavi Solutions stock in a transaction on Wednesday, February 18th. The shares were sold at an average price of $26.85, for a total value of $423,558.75. Following the completion of the transaction, the director owned 211,850 shares in the company, valued at $5,688,172.50. This represents a 6.93% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 485,772 shares of company stock valued at $12,736,803 over the last quarter. 1.80% of the stock is owned by company insiders.
Analyst Upgrades and Downgrades
Several brokerages have recently weighed in on VIAV. Susquehanna increased their price target on Viavi Solutions from $18.00 to $25.00 and gave the stock a “positive” rating in a report on Thursday, January 29th. Weiss Ratings reiterated a “sell (d)” rating on shares of Viavi Solutions in a report on Monday, December 29th. Stifel Nicolaus increased their price objective on Viavi Solutions from $20.00 to $24.00 and gave the stock a “buy” rating in a research note on Thursday, January 29th. Rosenblatt Securities increased their price objective on Viavi Solutions from $27.00 to $42.00 and gave the stock a “buy” rating in a research note on Wednesday, March 18th. Finally, Needham & Company LLC increased their price objective on Viavi Solutions from $28.00 to $36.00 and gave the stock a “buy” rating in a research note on Monday, March 2nd. Six equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $25.00.
Read Our Latest Stock Analysis on Viavi Solutions
Viavi Solutions Stock Down 2.8%
NASDAQ:VIAV opened at $35.87 on Tuesday. Viavi Solutions Inc. has a 1-year low of $8.10 and a 1-year high of $38.08. The company has a 50-day moving average of $29.76 and a 200 day moving average of $21.05. The firm has a market cap of $8.30 billion, a PE ratio of -199.27 and a beta of 0.85. The company has a debt-to-equity ratio of 1.46, a current ratio of 2.61 and a quick ratio of 2.32.
Viavi Solutions (NASDAQ:VIAV – Get Free Report) last released its quarterly earnings data on Wednesday, January 28th. The communications equipment provider reported $0.22 earnings per share for the quarter, topping analysts’ consensus estimates of $0.19 by $0.03. Viavi Solutions had a negative net margin of 3.38% and a positive return on equity of 13.03%. The company had revenue of $369.30 million during the quarter, compared to analyst estimates of $365.25 million. During the same period in the prior year, the firm earned $0.13 earnings per share. The firm’s revenue for the quarter was up 36.4% compared to the same quarter last year. Viavi Solutions has set its Q3 2026 guidance at 0.220-4.000 EPS. As a group, research analysts anticipate that Viavi Solutions Inc. will post 0.26 EPS for the current fiscal year.
Viavi Solutions 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.
Read More
Want to see what other hedge funds are holding VIAV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Viavi Solutions Inc. (NASDAQ:VIAV – Free Report).
Receive News & Ratings for Viavi Solutions Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Viavi Solutions and related companies with MarketBeat.com’s FREE daily email newsletter.
