Caxton Associates LLP Sells 48,589 Shares of Viavi Solutions Inc. $VIAV

Caxton Associates LLP lessened its stake in shares of Viavi Solutions Inc. (NASDAQ:VIAV) by 42.0% during the first quarter, Holdings Channel.com reports. The fund owned 67,155 shares of the communications equipment provider’s stock after selling 48,589 shares during the period. Caxton Associates LLP’s holdings in Viavi Solutions were worth $2,235,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in VIAV. Capital World Investors raised its position in shares of Viavi Solutions by 4.4% in the 4th quarter. Capital World Investors now owns 15,620,410 shares of the communications equipment provider’s stock valued at $278,356,000 after buying an additional 664,956 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Viavi Solutions by 3.5% during the 3rd quarter. Dimensional Fund Advisors LP now owns 6,846,226 shares of the communications equipment provider’s stock worth $86,875,000 after buying an additional 231,570 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Viavi Solutions by 0.5% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 6,673,145 shares of the communications equipment provider’s stock worth $118,915,000 after acquiring an additional 33,463 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Viavi Solutions by 0.4% during the fourth quarter. Geode Capital Management LLC now owns 5,351,211 shares of the communications equipment provider’s stock worth $95,373,000 after buying an additional 20,776 shares during the last quarter. Finally, Invesco Ltd. lifted its stake in shares of Viavi Solutions by 116.0% in the 4th quarter. Invesco Ltd. now owns 3,809,513 shares of the communications equipment provider’s stock valued at $67,886,000 after acquiring an additional 2,045,702 shares during the last quarter. 95.54% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Viavi Solutions news, SVP Kevin Christopher Siebert sold 8,255 shares of the company’s stock in a transaction on Monday, May 4th. The stock was sold at an average price of $54.02, for a total value of $445,935.10. Following the completion of the transaction, the senior vice president owned 20,129 shares in the company, valued at $1,087,368.58. This represents a 29.08% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Doug Gilstrap sold 10,000 shares of the firm’s stock in a transaction on Tuesday, May 5th. The shares were sold at an average price of $55.00, for a total value of $550,000.00. Following the sale, the director directly owned 55,766 shares of the company’s stock, valued at approximately $3,067,130. This represents a 15.21% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 450,369 shares of company stock valued at $23,789,119. 1.80% of the stock is currently owned by insiders.

Viavi Solutions Price Performance

VIAV opened at $39.52 on Friday. Viavi Solutions Inc. has a 1 year low of $9.61 and a 1 year high of $60.43. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.61 and a quick ratio of 1.39. The company has a market capitalization of $9.24 billion, a price-to-earnings ratio of -164.66 and a beta of 1.18. The firm’s fifty day moving average price is $46.69 and its two-hundred day moving average price is $37.61.

Viavi Solutions (NASDAQ:VIAV) last released its earnings results on Wednesday, April 29th. The communications equipment provider reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.03. The company had revenue of $406.80 million during the quarter, compared to analyst estimates of $393.80 million. Viavi Solutions had a positive return on equity of 16.80% and a negative net margin of 4.03%.Viavi Solutions’s quarterly revenue was up 42.8% on a year-over-year basis. During the same period in the prior year, the company posted $0.15 earnings per share. Viavi Solutions has set its Q4 2026 guidance at 0.290-0.310 EPS. As a group, analysts anticipate that Viavi Solutions Inc. will post 0.73 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. B. Riley Financial raised their price objective on Viavi Solutions from $26.00 to $53.00 and gave the company a “buy” rating in a report on Friday, April 24th. Rosenblatt Securities reiterated a “buy” rating and issued a $70.00 price objective on shares of Viavi Solutions in a report on Wednesday, June 10th. Weiss Ratings cut shares of Viavi Solutions from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Thursday, July 16th. Susquehanna raised their price target on shares of Viavi Solutions from $65.00 to $66.00 and gave the company a “positive” rating in a research note on Wednesday, July 1st. Finally, UBS Group lifted their price target on shares of Viavi Solutions from $25.00 to $60.00 and gave the stock a “neutral” rating in a report on Thursday, April 30th. Six research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Viavi Solutions presently has a consensus rating of “Moderate Buy” and a consensus price target of $42.88.

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.