Viavi Solutions Inc. $VIAV Shares Bought by Swiss Life Asset Management Ltd

Swiss Life Asset Management Ltd boosted its holdings in shares of Viavi Solutions Inc. (NASDAQ:VIAV) by 101.8% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 21,172 shares of the communications equipment provider’s stock after buying an additional 10,678 shares during the quarter. Swiss Life Asset Management Ltd’s holdings in Viavi Solutions were worth $377,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in VIAV. Arrowstreet Capital Limited Partnership increased its position in Viavi Solutions by 431.1% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 6,639,682 shares of the communications equipment provider’s stock valued at $84,258,000 after buying an additional 5,389,435 shares in the last quarter. Aberdeen Group plc acquired a new position in Viavi Solutions during the 3rd quarter valued at about $20,110,000. Millennium Management LLC increased its holdings in shares of Viavi Solutions by 772.9% in the third quarter. Millennium Management LLC now owns 1,163,336 shares of the communications equipment provider’s stock valued at $14,763,000 after purchasing an additional 1,030,071 shares during the period. Balyasny Asset Management L.P. increased its holdings in shares of Viavi Solutions by 1,658.2% in the second quarter. Balyasny Asset Management L.P. now owns 889,877 shares of the communications equipment provider’s stock valued at $8,961,000 after purchasing an additional 839,265 shares during the period. Finally, Invesco Ltd. increased its holdings in shares of Viavi Solutions by 78.0% in the third quarter. Invesco Ltd. now owns 1,763,811 shares of the communications equipment provider’s stock valued at $22,383,000 after purchasing an additional 773,069 shares during the period. 95.54% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

VIAV has been the topic of a number of research reports. Stifel Nicolaus increased their price objective on Viavi Solutions from $20.00 to $24.00 and gave the company a “buy” rating in a report on Thursday, January 29th. Wall Street Zen raised Viavi Solutions from a “hold” rating to a “buy” rating in a report on Saturday, May 2nd. UBS Group increased their price objective on Viavi Solutions from $25.00 to $60.00 and gave the company a “neutral” rating in a report on Thursday, April 30th. Weiss Ratings raised Viavi Solutions from a “sell (d-)” rating to a “hold (c-)” rating in a report on Wednesday. Finally, Susquehanna increased their price objective on Viavi Solutions from $25.00 to $65.00 and gave the company a “positive” rating in a report on Thursday, April 30th. Six research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, Viavi Solutions presently has an average rating of “Moderate Buy” and an average price target of $39.25.

Viavi Solutions Price Performance

Shares of VIAV opened at $51.43 on Monday. Viavi Solutions Inc. has a 52 week low of $8.87 and a 52 week high of $60.43. The company has a quick ratio of 1.39, a current ratio of 1.61 and a debt-to-equity ratio of 0.99. The company has a market capitalization of $12.03 billion, a price-to-earnings ratio of -214.28 and a beta of 1.22. The stock’s 50-day moving average price is $40.29 and its 200-day moving average price is $27.48.

Viavi Solutions (NASDAQ:VIAV) last issued its earnings results on Wednesday, April 29th. The communications equipment provider reported $0.27 EPS for the quarter, topping analysts’ consensus estimates of $0.24 by $0.03. Viavi Solutions had a positive return on equity of 16.80% and a negative net margin of 4.03%.The firm had revenue of $406.80 million for the quarter, compared to the consensus estimate of $393.80 million. During the same quarter in the prior year, the business earned $0.15 earnings per share. The company’s revenue was up 42.8% compared to the same quarter last year. Viavi Solutions has set its Q4 2026 guidance at 0.290-0.310 EPS. On average, sell-side analysts predict that Viavi Solutions Inc. will post 0.73 EPS for the current year.

Insider Activity at Viavi Solutions

In other Viavi Solutions news, Director Doug Gilstrap sold 10,000 shares of the stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $55.00, for a total transaction of $550,000.00. Following the transaction, the director owned 55,766 shares in the company, valued at approximately $3,067,130. This represents a 15.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Luke M. Scrivanich sold 10,693 shares of the stock in a transaction that occurred on Wednesday, May 6th. The stock was sold at an average price of $53.00, for a total value of $566,729.00. Following the transaction, the senior vice president owned 39,287 shares in the company, valued at $2,082,211. This represents a 21.39% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 476,959 shares of company stock valued at $24,582,112 in the last ninety days. 1.80% of the stock is currently owned by company insiders.

About Viavi Solutions

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.