Analysts Set Viavi Solutions Inc. (NASDAQ:VIAV) Price Target at $12.72

Shares of Viavi Solutions Inc. (NASDAQ:VIAV) have received a consensus recommendation of “Hold” from the nine ratings firms that are currently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and five have assigned a buy recommendation to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $12.72.

Several research analysts have commented on the stock. Argus raised their price target on shares of Viavi Solutions from $13.00 to $16.00 and gave the company a “buy” rating in a report on Wednesday, February 5th. UBS Group raised their price target 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. Stifel Nicolaus restated a “buy” rating and set a $13.00 price objective (up previously from $12.00) on shares of Viavi Solutions in a research report on Friday, January 31st. Northland Securities restated an “outperform” rating and set a $14.00 price objective (up previously from $13.00) on shares of Viavi Solutions in a research report on Friday, January 31st. Finally, Needham & Company LLC upgraded shares of Viavi Solutions from a “hold” rating to a “buy” rating and set a $15.00 price objective on the stock in a research report on Friday, January 31st.

Insider Buying and Selling

In related news, Director Masood Jabbar sold 30,000 shares of Viavi Solutions stock in a transaction on Tuesday, January 14th. The shares were sold at an average price of $10.01, for a total value of $300,300.00. Following the transaction, the director now owns 180,333 shares in the company, valued at $1,805,133.33. This trade represents a 14.26 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Luke M. Scrivanich sold 14,323 shares of Viavi Solutions stock in a transaction on 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 transaction, the senior vice president now owns 55,877 shares in the company, valued at approximately $628,057.48. The trade was a 20.40 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 67,164 shares of company stock worth $711,422 in the last 90 days. 1.52% of the stock is owned by company insiders.

Hedge Funds Weigh In On Viavi Solutions

A number of hedge funds have recently modified their holdings of VIAV. Wellington Management Group LLP increased its position in shares of Viavi Solutions by 26.3% in the fourth quarter. Wellington Management Group LLP now owns 19,614,684 shares of the communications equipment provider’s stock valued at $198,108,000 after acquiring an additional 4,085,648 shares during the period. Woodline Partners LP increased its position 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 acquiring an additional 2,779,615 shares during the period. Segall Bryant & Hamill LLC purchased a new position in shares of Viavi Solutions in the fourth quarter valued at about $16,722,000. Arrowstreet Capital Limited Partnership purchased a new position in shares of Viavi Solutions in the fourth quarter valued at about $15,268,000. Finally, LMR Partners LLP purchased a new position in shares of Viavi Solutions in the fourth quarter valued at about $8,080,000. Hedge funds and other institutional investors own 95.54% of the company’s stock.

Viavi Solutions Stock Up 2.3 %

Shares of NASDAQ:VIAV opened at $11.62 on Friday. The firm has a fifty day moving average price of $11.21 and a two-hundred day moving average price of $10.16. The company has a debt-to-equity ratio of 0.94, a current ratio of 3.55 and a quick ratio of 3.18. Viavi Solutions has a one year low of $6.60 and a one year high of $12.91. The company has a market cap of $2.58 billion, a price-to-earnings ratio of -64.55 and a beta of 0.94.

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.