John G Ullman & Associates Inc. Reduces Stock Holdings in Viavi Solutions Inc. (NASDAQ:VIAV)

John G Ullman & Associates Inc. cut its holdings in Viavi Solutions Inc. (NASDAQ:VIAV) by 5.9% in the third quarter, HoldingsChannel reports. The institutional investor owned 109,450 shares of the communications equipment provider’s stock after selling 6,900 shares during the quarter. John G Ullman & Associates Inc.’s holdings in Viavi Solutions were worth $987,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Vanguard Group Inc. boosted its stake in Viavi Solutions by 1.4% in the 1st quarter. Vanguard Group Inc. now owns 29,148,414 shares of the communications equipment provider’s stock worth $264,959,000 after purchasing an additional 408,484 shares in the last quarter. Capital World Investors raised its stake in Viavi Solutions by 305.4% in the 1st quarter. Capital World Investors now owns 12,161,535 shares of the communications equipment provider’s stock worth $110,548,000 after acquiring an additional 9,161,535 shares during the last quarter. Westwood Holdings Group Inc. grew its stake in Viavi Solutions by 9.2% during the 2nd quarter. Westwood Holdings Group Inc. now owns 7,203,703 shares of the communications equipment provider’s stock valued at $49,489,000 after purchasing an additional 606,522 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Viavi Solutions by 12.8% in the second quarter. Dimensional Fund Advisors LP now owns 5,818,337 shares of the communications equipment provider’s stock worth $39,972,000 after purchasing an additional 661,450 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in shares of Viavi Solutions by 65.2% during the second quarter. Bank of New York Mellon Corp now owns 3,290,197 shares of the communications equipment provider’s stock worth $22,604,000 after purchasing an additional 1,298,394 shares during the period. Hedge funds and other institutional investors own 95.54% of the company’s stock.

Analyst Upgrades and Downgrades

VIAV has been the topic of a number of research reports. B. Riley cut their price objective on shares of Viavi Solutions from $9.00 to $8.50 and set a “neutral” rating on the stock in a research note on Friday, August 9th. UBS Group began coverage on Viavi Solutions in a research report on Tuesday. They set a “neutral” rating and a $10.60 price target on the stock. Stifel Nicolaus decreased their price objective on Viavi Solutions from $13.00 to $10.50 and set a “buy” rating for the company in a report on Tuesday, August 6th. Needham & Company LLC reaffirmed a “hold” rating on shares of Viavi Solutions in a report on Friday, November 1st. Finally, Rosenblatt Securities boosted their price target on Viavi Solutions from $8.25 to $10.50 and gave the company a “neutral” rating in a report on Friday, November 1st. Six equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Viavi Solutions presently has an average rating of “Moderate Buy” and an average target price of $10.44.

Insider Transactions at Viavi Solutions

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 value of $152,100.00. Following the completion of the transaction, the director now directly owns 225,333 shares in the company, valued at approximately $2,284,876.62. The trade was a 6.24 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Kevin Christopher Siebert sold 8,432 shares of the company’s stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $8.63, for a total transaction of $72,768.16. Following the transaction, the senior vice president now directly owns 56,617 shares of the company’s stock, valued at approximately $488,604.71. This represents a 12.96 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 62,381 shares of company stock valued at $562,279 in the last 90 days. 1.52% of the stock is currently owned by insiders.

Viavi Solutions Stock Up 0.7 %

Viavi Solutions stock opened at $9.82 on Thursday. The company has a debt-to-equity ratio of 0.91, a current ratio of 3.71 and a quick ratio of 3.31. Viavi Solutions Inc. has a 1-year low of $6.60 and a 1-year high of $11.32. The stock has a market cap of $2.18 billion, a PE ratio of -57.76 and a beta of 0.90. The stock’s fifty day moving average is $9.27 and its two-hundred day moving average is $8.20.

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