Insider Selling: Viavi Solutions Inc. (NASDAQ:VIAV) SVP Sells 14,323 Shares of Stock

Viavi Solutions Inc. (NASDAQ:VIAV) SVP Luke M. Scrivanich sold 14,323 shares of the firm’s stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $11.24, for a total transaction of $160,990.52. Following the completion of the sale, the senior vice president now directly owns 55,877 shares of the company’s stock, valued at approximately $628,057.48. The trade was a 20.40 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Viavi Solutions Stock Up 2.7 %

Shares of VIAV stock traded up $0.30 during trading hours on Wednesday, reaching $11.29. 2,122,358 shares of the company’s stock were exchanged, compared to its average volume of 2,316,506. Viavi Solutions Inc. has a 1 year low of $6.60 and a 1 year high of $12.91. The company has a current ratio of 3.55, a quick ratio of 3.18 and a debt-to-equity ratio of 0.94. The stock has a market cap of $2.51 billion, a PE ratio of -62.72 and a beta of 0.92. The stock’s fifty day moving average price is $10.97 and its two-hundred day moving average price is $9.93.

Institutional Trading of Viavi Solutions

Several large investors have recently bought and sold shares of VIAV. Jefferies Financial Group Inc. acquired a new stake in shares of Viavi Solutions during the fourth quarter worth $2,059,000. Mackenzie Financial Corp raised its stake in Viavi Solutions by 117.5% in the 4th quarter. Mackenzie Financial Corp now owns 59,492 shares of the communications equipment provider’s stock worth $601,000 after acquiring an additional 32,145 shares during the last quarter. Neo Ivy Capital Management acquired a new stake in Viavi Solutions during the 4th quarter worth about $188,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in Viavi Solutions by 26.9% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 509,746 shares of the communications equipment provider’s stock valued at $5,148,000 after purchasing an additional 107,917 shares during the last quarter. Finally, Woodline Partners LP increased its holdings in shares of Viavi Solutions by 423.7% in the fourth quarter. Woodline Partners LP now owns 3,435,678 shares of the communications equipment provider’s stock valued at $34,700,000 after purchasing an additional 2,779,615 shares during the period. Hedge funds and other institutional investors own 95.54% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on VIAV shares. UBS Group raised their target price on shares of Viavi Solutions from $10.60 to $11.50 and gave the stock a “neutral” rating in a research report on Friday, January 31st. Argus increased their price target on Viavi Solutions from $13.00 to $16.00 and gave the stock a “buy” rating in a research report on Wednesday, February 5th. B. Riley upped their price objective on shares of Viavi Solutions from $10.00 to $12.00 and gave the stock a “neutral” rating in a research note on Friday, January 31st. Morgan Stanley raised their target price on shares of Viavi Solutions from $9.50 to $10.00 and gave the company an “underweight” rating in a research report on Friday, January 31st. Finally, StockNews.com cut shares of Viavi Solutions from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, February 25th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the company. According to data from MarketBeat, Viavi Solutions has a consensus rating of “Hold” and a consensus price target of $12.33.

About Viavi Solutions

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.