Viavi Solutions Inc. (NASDAQ:VIAV) Stock Holdings Lessened by John G Ullman & Associates Inc.

John G Ullman & Associates Inc. reduced its holdings in Viavi Solutions Inc. (NASDAQ:VIAV) by 4.8% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 104,250 shares of the communications equipment provider’s stock after selling 5,200 shares during the quarter. John G Ullman & Associates Inc.’s holdings in Viavi Solutions were worth $1,053,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the business. Sanctuary Advisors LLC lifted its position in shares of Viavi Solutions by 8.1% in the 4th quarter. Sanctuary Advisors LLC now owns 17,226 shares of the communications equipment provider’s stock worth $172,000 after buying an additional 1,288 shares during the last quarter. Park Avenue Securities LLC lifted its position in shares of Viavi Solutions by 15.4% in the 4th quarter. Park Avenue Securities LLC now owns 13,442 shares of the communications equipment provider’s stock worth $136,000 after buying an additional 1,792 shares during the last quarter. Harbor Capital Advisors Inc. increased its holdings in shares of Viavi Solutions by 5.5% in the 4th quarter. Harbor Capital Advisors Inc. now owns 43,732 shares of the communications equipment provider’s stock worth $442,000 after acquiring an additional 2,277 shares during the period. Capital Performance Advisors LLP acquired a new stake in shares of Viavi Solutions in the 3rd quarter worth about $25,000. Finally, KBC Group NV increased its holdings in shares of Viavi Solutions by 53.0% in the 3rd quarter. KBC Group NV now owns 9,388 shares of the communications equipment provider’s stock worth $85,000 after acquiring an additional 3,252 shares during the period. 95.54% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Viavi Solutions

In other news, SVP Luke M. Scrivanich sold 2,802 shares of the firm’s stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $10.43, for a total transaction of $29,224.86. Following the completion of the transaction, the senior vice president now owns 54,517 shares in the company, valued at approximately $568,612.31. This trade represents a 4.89 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Masood Jabbar sold 30,000 shares of the firm’s stock in a transaction dated Tuesday, January 14th. The shares were sold at an average price of $10.01, for a total transaction of $300,300.00. Following the transaction, the director now owns 180,333 shares of the company’s stock, valued at approximately $1,805,133.33. This trade represents a 14.26 % decrease in their position. The disclosure for this sale can be found here. 1.52% of the stock is owned by corporate insiders.

Viavi Solutions Stock Up 0.9 %

Viavi Solutions stock opened at $11.18 on Friday. The stock has a market cap of $2.48 billion, a price-to-earnings ratio of -62.11 and a beta of 0.92. 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 company’s 50-day moving average price is $10.95 and its two-hundred day moving average price is $9.87. Viavi Solutions Inc. has a 52 week low of $6.60 and a 52 week high of $12.91.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on VIAV. Northland Securities reaffirmed an “outperform” rating and issued a $14.00 price objective (up previously from $13.00) on shares of Viavi Solutions in a report on Friday, January 31st. Needham & Company LLC raised shares of Viavi Solutions from a “hold” rating to a “buy” rating and set a $15.00 price objective on the stock in a report on Friday, January 31st. Argus increased their price objective on shares of Viavi Solutions from $13.00 to $16.00 and gave the stock a “buy” rating in a report on Wednesday, February 5th. UBS Group increased their price objective on shares of Viavi Solutions from $10.60 to $11.50 and gave the stock a “neutral” rating in a report on Friday, January 31st. Finally, 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 report on Friday, January 31st. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, Viavi Solutions presently has an average rating of “Hold” and an average price target of $12.33.

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.