Segall Bryant & Hamill LLC Purchases New Position in Viavi Solutions Inc. (NASDAQ:VIAV)

Segall Bryant & Hamill LLC acquired a new position in shares of Viavi Solutions Inc. (NASDAQ:VIAV) during the 4th quarter, Holdings Channel reports. The fund acquired 1,655,655 shares of the communications equipment provider’s stock, valued at approximately $16,722,000.

A number of other institutional investors have also recently bought and sold shares of the company. Picton Mahoney Asset Management grew its holdings in shares of Viavi Solutions by 35.0% in the 4th quarter. Picton Mahoney Asset Management now owns 3,212 shares of the communications equipment provider’s stock valued at $32,000 after buying an additional 833 shares during the period. Venturi Wealth Management LLC bought a new position in Viavi Solutions during the fourth quarter worth about $75,000. Smartleaf Asset Management LLC grew its stake in Viavi Solutions by 836.2% in the fourth quarter. Smartleaf Asset Management LLC now owns 8,323 shares of the communications equipment provider’s stock valued at $84,000 after acquiring an additional 7,434 shares during the period. Retirement Solution LLC bought a new stake in shares of Viavi Solutions in the fourth quarter worth about $105,000. Finally, Park Avenue Securities LLC raised its position in shares of Viavi Solutions by 15.4% during the fourth quarter. Park Avenue Securities LLC now owns 13,442 shares of the communications equipment provider’s stock worth $136,000 after purchasing an additional 1,792 shares during the period. Institutional investors and hedge funds own 95.54% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently issued reports on VIAV. UBS Group lifted their price objective on shares of Viavi Solutions from $10.60 to $11.50 and gave the company a “neutral” rating in a report on Friday, January 31st. B. Riley lifted their price target on shares of Viavi Solutions from $10.00 to $12.00 and gave the company a “neutral” rating in a research note on Friday, January 31st. Morgan Stanley increased their price objective on shares of Viavi Solutions from $9.50 to $10.00 and gave the stock an “underweight” rating in a research note on Friday, January 31st. StockNews.com downgraded Viavi Solutions from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, March 18th. Finally, Argus increased their price target on Viavi Solutions from $13.00 to $16.00 and gave the company a “buy” rating in a research report on Wednesday, February 5th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $12.72.

Viavi Solutions Price Performance

Shares of NASDAQ VIAV opened at $11.71 on Wednesday. The company has a quick ratio of 3.18, a current ratio of 3.55 and a debt-to-equity ratio of 0.94. The business’s 50 day moving average price is $11.28 and its two-hundred day moving average price is $10.23. The company has a market cap of $2.60 billion, a PE ratio of -65.05 and a beta of 0.94. Viavi Solutions Inc. has a twelve month low of $6.60 and a twelve month high of $12.91.

Insider Buying and Selling

In other Viavi Solutions news, Director Masood Jabbar sold 30,000 shares of the firm’s stock in a transaction that occurred on Tuesday, January 14th. The shares were sold at an average price of $10.01, for a total transaction of $300,300.00. Following the completion of the sale, the director now directly owns 180,333 shares in the company, valued at $1,805,133.33. This trade represents a 14.26 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP Luke M. Scrivanich sold 14,323 shares of the business’s stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $11.24, for a total value of $160,990.52. Following the sale, the senior vice president now owns 55,877 shares of the company’s stock, valued at approximately $628,057.48. This represents a 20.40 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 67,164 shares of company stock valued at $711,422. 1.52% of the stock is owned by insiders.

Viavi Solutions Company Profile

Viavi Solutions, Inc engages in the provision of network test, monitoring, and assurance solutions for communications service providers, enterprises, network equipment manufacturers, government and avionics. It operates through the following segments: Network Enablement, Service Enablement, and Optical Security and Performance.