Gilbert & Cook Inc. Purchases Shares of 10,505 Viavi Solutions Inc. (NASDAQ:VIAV)

Gilbert & Cook Inc. purchased a new stake in Viavi Solutions Inc. (NASDAQ:VIAV) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 10,505 shares of the communications equipment provider’s stock, valued at approximately $95,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Natixis Advisors LLC raised its stake in Viavi Solutions by 29.4% in the third quarter. Natixis Advisors LLC now owns 65,393 shares of the communications equipment provider’s stock valued at $590,000 after buying an additional 14,863 shares during the last quarter. KBC Group NV raised its stake in Viavi Solutions by 53.0% in the third quarter. KBC Group NV now owns 9,388 shares of the communications equipment provider’s stock valued at $85,000 after buying an additional 3,252 shares during the last quarter. Kovack Advisors Inc. raised its stake in Viavi Solutions by 33.5% in the third quarter. Kovack Advisors Inc. now owns 206,200 shares of the communications equipment provider’s stock valued at $1,860,000 after buying an additional 51,800 shares during the last quarter. Capital Performance Advisors LLP purchased a new stake in Viavi Solutions in the third quarter valued at about $25,000. Finally, Leeward Investments LLC MA raised its stake in Viavi Solutions by 17.1% in the third quarter. Leeward Investments LLC MA now owns 1,705,653 shares of the communications equipment provider’s stock valued at $15,385,000 after buying an additional 249,554 shares during the last quarter. 95.54% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. Needham & Company LLC reissued a “hold” rating on shares of Viavi Solutions in a report on Friday, November 1st. Northland Securities increased their price objective on Viavi Solutions from $11.00 to $13.00 and gave the company an “outperform” rating in a report on Friday, November 1st. B. Riley dropped their target price on Viavi Solutions from $9.00 to $8.50 and set a “neutral” rating on the stock in a report on Friday, August 9th. StockNews.com raised Viavi Solutions from a “hold” rating to a “buy” rating in a report on Tuesday, November 12th. Finally, Stifel Nicolaus dropped their target price on Viavi Solutions from $13.00 to $10.50 and set a “buy” rating on the stock in a report on Tuesday, August 6th. Five investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Viavi Solutions has a consensus rating of “Moderate Buy” and a consensus price target of $10.42.

Viavi Solutions Stock Down 1.9 %

Shares of VIAV opened at $9.87 on Monday. The company has a current ratio of 3.71, a quick ratio of 3.31 and a debt-to-equity ratio of 0.91. Viavi Solutions Inc. has a 12 month low of $6.60 and a 12 month high of $11.32. The stock’s 50 day moving average is $9.18 and its two-hundred day moving average is $8.16. The firm has a market cap of $2.19 billion, a P/E ratio of -58.06 and a beta of 0.90.

Viavi Solutions (NASDAQ:VIAV) last issued its quarterly earnings data on Thursday, October 31st. The communications equipment provider reported $0.06 EPS for the quarter, meeting the consensus estimate of $0.06. Viavi Solutions had a positive return on equity of 2.22% and a negative net margin of 3.78%. The company had revenue of $238.20 million for the quarter, compared to analyst estimates of $240.09 million. During the same period last year, the company earned $0.05 earnings per share. Viavi Solutions’s quarterly revenue was down 3.9% compared to the same quarter last year. Analysts predict that Viavi Solutions Inc. will post 0.19 earnings per share for the current fiscal year.

Insider Activity

In other Viavi Solutions news, Director Masood Jabbar sold 15,000 shares of the business’s stock in a transaction on Thursday, November 14th. The stock was sold at an average price of $10.14, for a total transaction of $152,100.00. Following the transaction, the director now owns 225,333 shares of the company’s stock, valued at approximately $2,284,876.62. The trade was a 6.24 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Luke M. Scrivanich sold 3,029 shares of the business’s stock in a transaction on Thursday, September 26th. The stock was sold at an average price of $8.86, for a total value of $26,836.94. Following the transaction, the senior vice president now directly owns 57,319 shares in the company, valued at $507,846.34. This trade represents a 5.02 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 93,652 shares of company stock worth $817,585 over the last quarter. 1.52% of the stock is currently owned by corporate insiders.

Viavi Solutions Profile

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.