James L. Veler, Jr. Sells 13,807 Shares of Viavi Solutions Inc. (NASDAQ:VIAV) Stock

Viavi Solutions Inc. (NASDAQ:VIAV) SVP James L. Veler, Jr. sold 13,807 shares of the company’s stock in a transaction on Friday, March 7th. The stock was sold at an average price of $10.86, for a total transaction of $149,944.02. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Viavi Solutions Stock Up 0.7 %

Shares of NASDAQ:VIAV opened at $10.79 on Wednesday. Viavi Solutions Inc. has a 12-month low of $6.60 and a 12-month 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 firm has a market cap of $2.40 billion, a PE ratio of -59.94 and a beta of 0.94. The company has a fifty day simple moving average of $11.03 and a 200 day simple moving average of $10.01.

Institutional Investors Weigh In On Viavi Solutions

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Capital Performance Advisors LLP acquired a new position in Viavi Solutions in the third quarter worth about $25,000. Picton Mahoney Asset Management lifted its holdings in Viavi Solutions by 35.0% during the 4th quarter. Picton Mahoney Asset Management now owns 3,212 shares of the communications equipment provider’s stock worth $32,000 after buying an additional 833 shares during the last quarter. Sterling Capital Management LLC grew its position in shares of Viavi Solutions by 804.6% in the 4th quarter. Sterling Capital Management LLC now owns 6,938 shares of the communications equipment provider’s stock worth $70,000 after acquiring an additional 6,171 shares in the last quarter. Venturi Wealth Management LLC bought a new stake in shares of Viavi Solutions in the 4th quarter valued at approximately $75,000. Finally, Smartleaf Asset Management LLC raised its position in shares of Viavi Solutions by 836.2% during the 4th 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 in the last quarter. Institutional investors own 95.54% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on VIAV. Needham & Company LLC raised Viavi Solutions from a “hold” rating to a “buy” rating and set a $15.00 target price for the company in a research report on Friday, January 31st. StockNews.com upgraded Viavi Solutions from a “buy” rating to a “strong-buy” rating in a report on Monday. Northland Securities reiterated an “outperform” rating and set a $14.00 price objective (up previously from $13.00) on shares of Viavi Solutions in a research note on Friday, January 31st. B. Riley upped their target price 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. Finally, Stifel Nicolaus reaffirmed a “buy” rating and set a $13.00 price target (up from $12.00) on shares of Viavi Solutions in a report on Friday, January 31st. One analyst has rated the stock with a sell rating, three have assigned a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $12.72.

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.