First Eagle Investment Management LLC raised its position in Viavi Solutions Inc. (NASDAQ:VIAV – Free Report) by 6.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 731,800 shares of the communications equipment provider’s stock after buying an additional 41,563 shares during the period. First Eagle Investment Management LLC owned 0.33% of Viavi Solutions worth $7,391,000 as of its most recent SEC filing.
Other large investors also recently modified their holdings of the company. Venturi Wealth Management LLC acquired a new position in shares of Viavi Solutions during the fourth quarter worth approximately $75,000. Smartleaf Asset Management LLC lifted its holdings 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 buying an additional 7,434 shares during the period. KBC Group NV lifted its holdings in Viavi Solutions by 53.0% in the third quarter. KBC Group NV now owns 9,388 shares of the communications equipment provider’s stock valued at $85,000 after buying an additional 3,252 shares during the period. Gilbert & Cook Inc. acquired a new position in Viavi Solutions in the third quarter valued at approximately $95,000. Finally, Retirement Solution LLC acquired a new position in Viavi Solutions in the fourth quarter valued at approximately $105,000. 95.54% of the stock is currently owned by institutional investors and hedge funds.
Viavi Solutions Price Performance
NASDAQ:VIAV opened at $10.94 on Friday. Viavi Solutions Inc. has a 52 week low of $6.60 and a 52 week high of $12.91. The firm has a market cap of $2.43 billion, a price-to-earnings ratio of -60.77 and a beta of 0.94. The firm’s 50-day simple moving average is $11.09 and its 200 day simple moving average is $10.06. The company has a debt-to-equity ratio of 0.94, a quick ratio of 3.18 and a current ratio of 3.55.
Insider Buying and Selling
Wall Street Analysts Forecast Growth
Several brokerages have commented on VIAV. UBS Group upped their target price on shares of Viavi Solutions from $10.60 to $11.50 and gave the company a “neutral” rating in a research note on Friday, January 31st. Northland Securities reaffirmed an “outperform” rating and issued a $14.00 target price (up previously from $13.00) on shares of Viavi Solutions in a research note on Friday, January 31st. StockNews.com raised shares of Viavi Solutions from a “buy” rating to a “strong-buy” rating in a research report on Monday, March 10th. Stifel Nicolaus reissued 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. Finally, B. Riley increased their price objective on shares of Viavi Solutions from $10.00 to $12.00 and gave the stock a “neutral” rating in a research report on Friday, January 31st. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $12.72.
Check Out Our Latest Stock Analysis on Viavi Solutions
Viavi Solutions 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.
Recommended Stories
- Five stocks we like better than Viavi Solutions
- What Percentage Gainers Tell Investors and Why They Don’t Tell the Whole Story
- Ignore Reports, Apple Won’t Install Starlink with iOS 18.3
- What is the Dow Jones Industrial Average (DJIA)?
- Casey’s Uptrend Remains Strong—New Highs on the Horizon
- The Most Important Warren Buffett Stock for Investors: His Own
- Taiwan Semiconductor’s Huge U.S. Move—Stock Impact Ahead
Receive News & Ratings for Viavi Solutions Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Viavi Solutions and related companies with MarketBeat.com's FREE daily email newsletter.