7,400 Shares in Viavi Solutions Inc. (NASDAQ:VIAV) Bought by Venturi Wealth Management LLC

Venturi Wealth Management LLC purchased a new position in shares of Viavi Solutions Inc. (NASDAQ:VIAV) during the fourth quarter, Holdings Channel.com reports. The fund purchased 7,400 shares of the communications equipment provider’s stock, valued at approximately $75,000.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Leeward Investments LLC MA lifted its holdings in Viavi Solutions by 17.1% during the third quarter. Leeward Investments LLC MA now owns 1,705,653 shares of the communications equipment provider’s stock valued at $15,385,000 after purchasing an additional 249,554 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in Viavi Solutions by 7.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 3,194,959 shares of the communications equipment provider’s stock valued at $28,819,000 after purchasing an additional 217,399 shares in the last quarter. Dean Investment Associates LLC lifted its holdings in Viavi Solutions by 189.6% during the third quarter. Dean Investment Associates LLC now owns 280,239 shares of the communications equipment provider’s stock valued at $2,528,000 after purchasing an additional 183,481 shares in the last quarter. Edgestream Partners L.P. lifted its holdings in Viavi Solutions by 100.2% during the third quarter. Edgestream Partners L.P. now owns 330,313 shares of the communications equipment provider’s stock valued at $2,979,000 after purchasing an additional 165,339 shares in the last quarter. Finally, Tributary Capital Management LLC lifted its holdings in Viavi Solutions by 14.5% during the fourth quarter. Tributary Capital Management LLC now owns 1,277,654 shares of the communications equipment provider’s stock valued at $12,904,000 after purchasing an additional 161,532 shares in the last quarter. 95.54% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on VIAV shares. UBS Group increased their price objective 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. StockNews.com upgraded shares of Viavi Solutions from a “buy” rating to a “strong-buy” rating in a research report on Monday, February 3rd. B. Riley increased their target price on shares of Viavi Solutions from $10.00 to $12.00 and gave the company a “neutral” rating in a research report on Friday, January 31st. Northland Securities reiterated an “outperform” rating and issued a $14.00 target price (up from $13.00) on shares of Viavi Solutions in a research report on Friday, January 31st. Finally, Morgan Stanley increased their target price on shares of Viavi Solutions from $9.50 to $10.00 and gave the company an “underweight” rating in a research report on Friday, January 31st. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Viavi Solutions has a consensus rating of “Moderate Buy” and an average price target of $12.33.

Insider Activity

In other news, SVP Luke M. Scrivanich sold 2,802 shares of the business’s stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $10.43, for a total value of $29,224.86. Following the sale, the senior vice president now directly owns 54,517 shares of the company’s stock, valued at approximately $568,612.31. The trade was a 4.89 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Masood Jabbar sold 30,000 shares of the business’s stock in a transaction that occurred on Tuesday, January 14th. The shares were sold at an average price of $10.01, for a total transaction of $300,300.00. Following the completion of the sale, the director now directly owns 180,333 shares in the company, valued at $1,805,133.33. This trade represents a 14.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.52% of the company’s stock.

Viavi Solutions Price Performance

Shares of VIAV stock opened at $11.35 on Tuesday. The company has a debt-to-equity ratio of 0.94, a current ratio of 3.55 and a quick ratio of 3.18. The firm’s 50-day moving average is $10.87 and its two-hundred day moving average is $9.79. Viavi Solutions Inc. has a 12 month low of $6.60 and a 12 month high of $12.91. The company has a market capitalization of $2.52 billion, a PE ratio of -63.05 and a beta of 0.92.

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.