Skandinaviska Enskilda Banken AB publ Increases Stock Holdings in Viavi Solutions Inc. (NASDAQ:VIAV)

Skandinaviska Enskilda Banken AB publ lifted its stake in shares of Viavi Solutions Inc. (NASDAQ:VIAV) by 40.9% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 72,400 shares of the communications equipment provider’s stock after buying an additional 21,000 shares during the quarter. Skandinaviska Enskilda Banken AB publ’s holdings in Viavi Solutions were worth $1,279,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in the stock. Schroder Investment Management Group raised its holdings in shares of Viavi Solutions by 29.0% during the 1st quarter. Schroder Investment Management Group now owns 5,217,345 shares of the communications equipment provider’s stock valued at $81,912,000 after buying an additional 1,174,299 shares during the period. Dimensional Fund Advisors LP raised its holdings in shares of Viavi Solutions by 0.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,990,311 shares of the communications equipment provider’s stock valued at $59,753,000 after buying an additional 10,476 shares during the period. Westwood Holdings Group Inc. raised its holdings in shares of Viavi Solutions by 20.5% during the 1st quarter. Westwood Holdings Group Inc. now owns 3,967,437 shares of the communications equipment provider’s stock valued at $62,289,000 after buying an additional 675,020 shares during the period. Geode Capital Management LLC raised its holdings in shares of Viavi Solutions by 5.3% during the 1st quarter. Geode Capital Management LLC now owns 3,782,636 shares of the communications equipment provider’s stock valued at $59,387,000 after buying an additional 188,960 shares during the period. Finally, GW&K Investment Management LLC raised its holdings in shares of Viavi Solutions by 22.5% during the 1st quarter. GW&K Investment Management LLC now owns 3,710,938 shares of the communications equipment provider’s stock valued at $58,262,000 after buying an additional 681,950 shares during the period. Institutional investors and hedge funds own 94.60% of the company’s stock.

In related news, SVP Luke M. Scrivanich sold 7,912 shares of the business’s stock in a transaction that occurred on Wednesday, September 1st. The stock was sold at an average price of $16.32, for a total transaction of $129,123.84. Following the completion of the transaction, the senior vice president now owns 80,938 shares in the company, valued at approximately $1,320,908.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Richard Belluzzo sold 2,450 shares of the business’s stock in a transaction that occurred on Wednesday, July 7th. The shares were sold at an average price of $17.24, for a total value of $42,238.00. Following the transaction, the director now owns 211,655 shares of the company’s stock, valued at approximately $3,648,932.20. The disclosure for this sale can be found here. In the last quarter, insiders sold 17,361 shares of company stock valued at $286,520. Insiders own 1.10% of the company’s stock.

VIAV has been the subject of a number of recent analyst reports. Morgan Stanley raised their price objective on Viavi Solutions from $18.00 to $19.00 and gave the company an “equal weight” rating in a research note on Friday, August 13th. B. Riley restated a “buy” rating on shares of Viavi Solutions in a research note on Friday, August 13th. Finally, JPMorgan Chase & Co. lowered Viavi Solutions from an “overweight” rating to a “neutral” rating and set a $19.00 price objective for the company. in a research note on Tuesday, July 20th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, Viavi Solutions has a consensus rating of “Buy” and a consensus target price of $19.43.

Shares of VIAV opened at $15.38 on Wednesday. The firm has a market cap of $3.51 billion, a price-to-earnings ratio of 80.95 and a beta of 0.73. The stock has a 50 day moving average of $16.38 and a 200-day moving average of $16.63. The company has a current ratio of 1.58, a quick ratio of 1.44 and a debt-to-equity ratio of 0.33. Viavi Solutions Inc. has a 52 week low of $11.36 and a 52 week high of $18.14.

Viavi Solutions (NASDAQ:VIAV) last issued its earnings results on Thursday, August 12th. The communications equipment provider reported $0.22 EPS for the quarter, topping the consensus estimate of $0.15 by $0.07. Viavi Solutions had a return on equity of 19.07% and a net margin of 3.85%. On average, sell-side analysts predict that Viavi Solutions Inc. will post 0.72 earnings per share for the current fiscal year.

Viavi Solutions Profile

Viavi Solutions, Inc engages in the provision of network test, monitoring, and assurance solutions for communications service providers, enterprises, network equipment manufacturers, government and avionics. It operates through the following segments: Network Enablement, Service Enablement, and Optical Security and Performance.

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

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