Intech Investment Management LLC Sells 35,537 Shares of Viavi Solutions Inc. $VIAV

Intech Investment Management LLC lowered its stake in shares of Viavi Solutions Inc. (NASDAQ:VIAV) by 29.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 84,620 shares of the communications equipment provider’s stock after selling 35,537 shares during the period. Intech Investment Management LLC’s holdings in Viavi Solutions were worth $1,074,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the stock. Fox Run Management L.L.C. purchased a new position in Viavi Solutions in the third quarter valued at approximately $662,000. Counterpoint Mutual Funds LLC bought a new position in Viavi Solutions during the third quarter valued at $406,000. AXQ Capital LP increased its position in Viavi Solutions by 169.9% in the third quarter. AXQ Capital LP now owns 32,558 shares of the communications equipment provider’s stock worth $413,000 after buying an additional 20,495 shares during the last quarter. Nkcfo LLC bought a new stake in shares of Viavi Solutions in the third quarter valued at $254,000. Finally, Jupiter Asset Management Ltd. bought a new stake in shares of Viavi Solutions in the third quarter valued at $3,996,000. Institutional investors own 95.54% of the company’s stock.

Insiders Place Their Bets

In other news, SVP Kevin Christopher Siebert sold 24,225 shares of the stock in a transaction dated Monday, December 8th. The shares were sold at an average price of $18.26, for a total value of $442,348.50. Following the sale, the senior vice president directly owned 49,225 shares of the company’s stock, valued at approximately $898,848.50. This represents a 32.98% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Oleg Khaykin sold 74,315 shares of the stock in a transaction dated Wednesday, February 4th. The stock was sold at an average price of $26.48, for a total transaction of $1,967,861.20. Following the completion of the sale, the chief executive officer directly owned 1,849,437 shares in the company, valued at approximately $48,973,091.76. The trade was a 3.86% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 516,765 shares of company stock worth $13,306,119 in the last quarter. 1.80% of the stock is owned by company insiders.

Viavi Solutions Trading Down 10.1%

NASDAQ:VIAV opened at $27.88 on Friday. Viavi Solutions Inc. has a 1 year low of $8.10 and a 1 year high of $35.61. The stock’s fifty day moving average price is $23.57 and its two-hundred day moving average price is $17.82. The company has a debt-to-equity ratio of 1.46, a current ratio of 2.61 and a quick ratio of 2.32. The company has a market cap of $6.45 billion, a P/E ratio of -154.88 and a beta of 0.92.

Viavi Solutions (NASDAQ:VIAV) last announced its quarterly earnings results on Wednesday, January 28th. The communications equipment provider reported $0.22 earnings per share for the quarter, beating the consensus estimate of $0.19 by $0.03. Viavi Solutions had a positive return on equity of 13.03% and a negative net margin of 3.38%.The company had revenue of $369.30 million during the quarter, compared to analysts’ expectations of $365.25 million. During the same period in the previous year, the business earned $0.13 earnings per share. The firm’s quarterly revenue was up 36.4% compared to the same quarter last year. Viavi Solutions has set its Q3 2026 guidance at 0.220-4.000 EPS. As a group, analysts expect that Viavi Solutions Inc. will post 0.26 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the company. Needham & Company LLC increased their price target on Viavi Solutions from $28.00 to $36.00 and gave the stock a “buy” rating in a research note on Monday, March 2nd. Rosenblatt Securities set a $27.00 price objective on Viavi Solutions in a research note on Thursday, January 29th. Wall Street Zen downgraded shares of Viavi Solutions from a “buy” rating to a “hold” rating in a report on Saturday. B. Riley Financial increased their target price on shares of Viavi Solutions from $18.00 to $22.00 and gave the stock a “buy” rating in a research report on Monday, January 26th. Finally, Susquehanna lifted their target price on shares of Viavi Solutions from $18.00 to $25.00 and gave the stock a “positive” rating in a research note on Thursday, January 29th. Six research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $23.13.

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.