Viavi Solutions Inc. $VIAV Shares Sold by Leeward Investments LLC MA

Leeward Investments LLC MA decreased its position in shares of Viavi Solutions Inc. (NASDAQ:VIAV) by 11.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,424,272 shares of the communications equipment provider’s stock after selling 180,818 shares during the quarter. Viavi Solutions accounts for about 2.3% of Leeward Investments LLC MA’s holdings, making the stock its biggest position. Leeward Investments LLC MA’s holdings in Viavi Solutions were worth $47,400,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Arrowstreet Capital Limited Partnership raised its holdings in Viavi Solutions by 431.1% during the third quarter. Arrowstreet Capital Limited Partnership now owns 6,639,682 shares of the communications equipment provider’s stock worth $84,258,000 after purchasing an additional 5,389,435 shares during the last quarter. Invesco Ltd. grew its holdings in Viavi Solutions by 116.0% in the fourth quarter. Invesco Ltd. now owns 3,809,513 shares of the communications equipment provider’s stock valued at $67,886,000 after purchasing an additional 2,045,702 shares during the last quarter. Marshall Wace LLP increased its position in shares of Viavi Solutions by 1,011.9% in the fourth quarter. Marshall Wace LLP now owns 2,187,600 shares of the communications equipment provider’s stock valued at $38,983,000 after buying an additional 1,990,848 shares in the last quarter. Bowen Hanes & Co. Inc. purchased a new position in shares of Viavi Solutions in the fourth quarter valued at $33,323,000. Finally, Loomis Sayles & Co. L P acquired a new position in shares of Viavi Solutions during the 4th quarter worth $22,625,000. Institutional investors and hedge funds own 95.54% of the company’s stock.

Viavi Solutions Stock Performance

Viavi Solutions stock opened at $49.97 on Wednesday. Viavi Solutions Inc. has a fifty-two week low of $9.61 and a fifty-two week high of $60.43. The company has a market capitalization of $11.69 billion, a price-to-earnings ratio of -208.20 and a beta of 1.18. The stock has a fifty day moving average of $48.88 and a two-hundred day moving average of $33.74. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.39 and a current ratio of 1.61.

Viavi Solutions (NASDAQ:VIAV) last issued its quarterly earnings data 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 business had revenue of $406.80 million for the quarter, compared to the consensus estimate of $393.80 million. Viavi Solutions had a positive return on equity of 16.80% and a negative net margin of 4.03%.The business’s revenue was up 42.8% on a year-over-year basis. During the same period in the prior year, the business earned $0.15 earnings per share. Viavi Solutions has set its Q4 2026 guidance at 0.290-0.310 EPS. On average, analysts anticipate that Viavi Solutions Inc. will post 0.73 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on VIAV shares. Wall Street Zen upgraded shares of Viavi Solutions from a “hold” rating to a “buy” rating in a research report on Saturday, May 2nd. Needham & Company LLC raised their target price on shares of Viavi Solutions from $28.00 to $36.00 and gave the company a “buy” rating in a report on Monday, March 2nd. Susquehanna lifted their target price on shares of Viavi Solutions from $25.00 to $65.00 and gave the stock a “positive” rating in a research report on Thursday, April 30th. 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, UBS Group increased their price target on shares of Viavi Solutions from $25.00 to $60.00 and gave the company a “neutral” rating in a research report on Thursday, April 30th. Six investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, Viavi Solutions presently has a consensus rating of “Moderate Buy” and an average target price of $42.75.

Insider Transactions at Viavi Solutions

In other news, CEO Oleg Khaykin sold 136,547 shares of Viavi Solutions stock in a transaction dated 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 sale, the chief executive officer directly owned 1,188,798 shares in the company, valued at $61,603,512.36. The trade was a 10.30% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Doug Gilstrap sold 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 5th. The shares were sold at an average price of $55.00, for a total transaction of $550,000.00. Following the completion of the transaction, 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 position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 450,369 shares of company stock worth $23,789,119 in the last ninety days. Company insiders own 1.80% of the company’s stock.

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.