First Eagle Investment Management LLC Has $7.39 Million Holdings in Viavi Solutions Inc. (NASDAQ:VIAV)

First Eagle Investment Management LLC raised its position in Viavi Solutions Inc. (NASDAQ:VIAV) 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

In other Viavi Solutions news, SVP James L. Veler, Jr. sold 13,807 shares of the firm’s stock in a transaction dated Friday, March 7th. The shares were sold at an average price of $10.86, for a total value of $149,944.02. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, SVP Luke M. Scrivanich sold 14,323 shares of the firm’s stock in a transaction dated Monday, March 3rd. The shares were 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 directly owns 55,877 shares in the company, valued at approximately $628,057.48. This represents a 20.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 67,164 shares of company stock valued at $711,422. 1.52% of the stock is owned by company insiders.

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.

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.