Viavi Solutions Inc. $VIAV Stock Holdings Raised by Lisanti Capital Growth LLC

Lisanti Capital Growth LLC boosted its stake in shares of Viavi Solutions Inc. (NASDAQ:VIAV) by 52.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 99,440 shares of the communications equipment provider’s stock after purchasing an additional 34,165 shares during the quarter. Lisanti Capital Growth LLC’s holdings in Viavi Solutions were worth $4,169,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently added to or reduced their stakes in VIAV. BlackRock Inc. purchased a new position in Viavi Solutions in the second quarter valued at about $1,228,529,000. Assenagon Asset Management S.A. lifted its position in shares of Viavi Solutions by 1,402.9% during the third quarter. Assenagon Asset Management S.A. now owns 5,639,752 shares of the communications equipment provider’s stock valued at $236,418,000 after buying an additional 5,264,496 shares during the last quarter. Bank of America Corp DE purchased a new stake in shares of Viavi Solutions during the second quarter valued at about $134,922,000. Allspring Global Investments Holdings LLC purchased a new stake in shares of Viavi Solutions during the first quarter valued at about $75,294,000. Finally, Bowen Hanes & Co. Inc. boosted its holdings in shares of Viavi Solutions by 7.0% in the 1st quarter. Bowen Hanes & Co. Inc. now owns 2,000,000 shares of the communications equipment provider’s stock valued at $66,560,000 after buying an additional 130,000 shares in the last quarter. Institutional investors own 95.54% of the company’s stock.

Analyst Ratings Changes

VIAV has been the topic of a number of analyst reports. Weiss Ratings raised shares of Viavi Solutions from a “sell (d)” rating to a “hold (c)” rating in a research report on Monday. Zacks Research cut shares of Viavi Solutions from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 12th. UBS Group decreased their target price on shares of Viavi Solutions from $44.00 to $33.00 and set a “neutral” rating for the company in a research report on Thursday, November 5th. B. Riley Financial lowered their target price on shares of Viavi Solutions from $63.00 to $60.00 and set a “buy” rating for the company in a research note on Thursday, August 6th. Finally, Wall Street Zen raised shares of Viavi Solutions from a “buy” rating to a “strong-buy” rating in a report on Saturday, November 7th. Five investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $57.83.

Insider Buying and Selling at Viavi Solutions

In other Viavi Solutions news, Director Laura A. Black sold 71,000 shares of the business’s stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $46.12, for a total value of $3,274,520.00. Following the completion of the transaction, the director directly owned 71,497 shares of the company’s stock, valued at approximately $3,297,441.64. The trade was a 49.83% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Luke M. Scrivanich sold 35,866 shares of the company’s stock in a transaction that occurred on Wednesday, September 23rd. The stock was sold at an average price of $36.24, for a total value of $1,299,783.84. Following the completion of the sale, the senior vice president owned 39,598 shares in the company, valued at approximately $1,435,031.52. This represents a 47.53% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 198,099 shares of company stock valued at $7,916,628 in the last three months. Company insiders own 1.20% of the company’s stock.

Viavi Solutions Trading Up 6.4%

NASDAQ:VIAV opened at $33.00 on Thursday. Viavi Solutions Inc. has a 12 month low of $15.51 and a 12 month high of $60.43. The firm has a fifty day simple moving average of $36.44 and a 200-day simple moving average of $38.83. The company has a current ratio of 1.65, a quick ratio of 1.40 and a debt-to-equity ratio of 0.30. The company has a market capitalization of $8.12 billion, a P/E ratio of 137.51 and a beta of 1.31.

Viavi Solutions (NASDAQ:VIAV) last issued its earnings results on Wednesday, November 4th. The communications equipment provider reported $0.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.41 by $0.06. The company had revenue of $469.30 million during the quarter, compared to analyst estimates of $455.06 million. Viavi Solutions had a return on equity of 25.36% and a net margin of 3.97%. The firm’s quarterly revenue was up 56.9% on a year-over-year basis. During the same quarter last year, the business posted $0.15 EPS. On average, equities research analysts anticipate that Viavi Solutions Inc. will post 1.42 earnings per share for the current year.

Viavi Solutions Profile

Viavi Solutions Inc. develops testing, monitoring and assurance solutions for communications networks. Its products and software help service providers, equipment makers and enterprises build, maintain and troubleshoot fiber-optic, broadband, wireless and other network infrastructure, including technologies used in 5G and data centers. The company also makes optical technologies and security products, including features used to authenticate banknotes, identity documents and branded goods. These offerings support applications in areas such as anti-counterfeiting, document security and optical coatings.