GW&K Investment Management LLC Cuts Stake in Viavi Solutions Inc. $VIAV

GW&K Investment Management LLC cut its holdings in shares of Viavi Solutions Inc. (NASDAQ:VIAV) by 9.6% during the fourth quarter, HoldingsChannel.com reports. The firm owned 2,553,789 shares of the communications equipment provider’s stock after selling 269,796 shares during the period. GW&K Investment Management LLC’s holdings in Viavi Solutions were worth $45,509,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Lido Advisors LLC increased its position in Viavi Solutions by 2.0% during the 4th quarter. Lido Advisors LLC now owns 24,555 shares of the communications equipment provider’s stock valued at $438,000 after buying an additional 473 shares in the last quarter. Oregon Public Employees Retirement Fund boosted its holdings in Viavi Solutions by 1.6% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 51,094 shares of the communications equipment provider’s stock worth $910,000 after acquiring an additional 800 shares in the last quarter. GAMMA Investing LLC boosted its holdings in Viavi Solutions by 25.8% in the fourth quarter. GAMMA Investing LLC now owns 4,123 shares of the communications equipment provider’s stock worth $73,000 after acquiring an additional 845 shares in the last quarter. Smartleaf Asset Management LLC grew its stake in shares of Viavi Solutions by 12.7% during the third quarter. Smartleaf Asset Management LLC now owns 10,835 shares of the communications equipment provider’s stock worth $136,000 after acquiring an additional 1,224 shares during the last quarter. Finally, Hantz Financial Services Inc. grew its stake in shares of Viavi Solutions by 86.2% during the fourth quarter. Hantz Financial Services Inc. now owns 2,845 shares of the communications equipment provider’s stock worth $51,000 after acquiring an additional 1,317 shares during the last quarter. Hedge funds and other institutional investors own 95.54% of the company’s stock.

Wall Street Analyst Weigh In

VIAV has been the subject of several research analyst reports. Needham & Company LLC increased their price objective on shares of Viavi Solutions from $28.00 to $36.00 and gave the company a “buy” rating in a research report on Monday, March 2nd. B. Riley Financial boosted their target price on shares of Viavi Solutions from $26.00 to $53.00 and gave the stock a “buy” rating in a research report on Friday, April 24th. Wall Street Zen upgraded shares of Viavi Solutions from a “hold” rating to a “buy” rating in a research note on Saturday, May 2nd. Weiss Ratings raised shares of Viavi Solutions from a “sell (d-)” rating to a “hold (c-)” rating in a report on Wednesday, May 13th. Finally, Rosenblatt Securities lifted their price objective on shares of Viavi Solutions from $27.00 to $42.00 and gave the stock a “buy” rating in a research note on Wednesday, March 18th. Six analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $39.25.

Insider Buying and Selling at Viavi Solutions

In related news, CEO Oleg Khaykin sold 136,547 shares of the firm’s stock in a transaction on Friday, May 8th. The shares were sold at an average price of $51.82, for a total transaction of $7,075,865.54. Following the completion of the transaction, the chief executive officer owned 1,188,798 shares of the company’s stock, valued at $61,603,512.36. This trade represents a 10.30% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Luke M. Scrivanich sold 10,693 shares of the business’s stock in a transaction on Wednesday, May 6th. The shares were sold at an average price of $53.00, for a total transaction of $566,729.00. Following the transaction, the senior vice president owned 39,287 shares of the company’s stock, valued at $2,082,211. This represents a 21.39% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 450,369 shares of company stock worth $23,789,119. Corporate insiders own 1.80% of the company’s stock.

Viavi Solutions Trading Down 4.8%

Shares of NASDAQ:VIAV opened at $46.43 on Wednesday. Viavi Solutions Inc. has a 52-week low of $9.08 and a 52-week high of $60.43. The stock has a market cap of $10.86 billion, a price-to-earnings ratio of -193.45 and a beta of 1.18. 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 business has a 50-day moving average price of $46.36 and a 200-day moving average price of $31.43.

Viavi Solutions (NASDAQ:VIAV) last issued its earnings results on Wednesday, April 29th. The communications equipment provider reported $0.27 EPS for the quarter, beating 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 analyst estimates of $393.80 million. During the same quarter in the prior year, the firm earned $0.15 earnings per share. Viavi Solutions’s revenue for the quarter was up 42.8% on a year-over-year basis. Viavi Solutions has set its Q4 2026 guidance at 0.290-0.310 EPS. Equities analysts predict that Viavi Solutions Inc. will post 0.73 EPS for the current year.

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.