Viavi Solutions Inc. (NASDAQ:VIAV) Shares Purchased by Sanctuary Advisors LLC

Sanctuary Advisors LLC boosted its holdings in Viavi Solutions Inc. (NASDAQ:VIAV) by 8.1% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 17,226 shares of the communications equipment provider’s stock after purchasing an additional 1,288 shares during the quarter. Sanctuary Advisors LLC’s holdings in Viavi Solutions were worth $172,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Capital Performance Advisors LLP acquired a new position in shares of Viavi Solutions during the 3rd quarter worth about $25,000. KBC Group NV raised its position in shares of Viavi Solutions by 53.0% during 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 in the last quarter. Gilbert & Cook Inc. purchased a new stake in Viavi Solutions during the third quarter worth approximately $95,000. Park Avenue Securities LLC boosted its holdings in Viavi Solutions by 15.4% in the fourth quarter. Park Avenue Securities LLC now owns 13,442 shares of the communications equipment provider’s stock valued at $136,000 after purchasing an additional 1,792 shares in the last quarter. Finally, Gagnon Securities LLC increased its stake in Viavi Solutions by 23.1% in the fourth quarter. Gagnon Securities LLC now owns 23,949 shares of the communications equipment provider’s stock valued at $242,000 after purchasing an additional 4,491 shares during the last quarter. 95.54% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Viavi Solutions news, SVP Luke M. Scrivanich sold 2,802 shares of the company’s stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $10.43, for a total transaction of $29,224.86. Following the sale, the senior vice president now owns 54,517 shares in the company, valued at $568,612.31. This represents a 4.89 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Masood Jabbar sold 30,000 shares of the company’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 value of $300,300.00. Following the sale, the director now directly owns 180,333 shares in the company, valued at approximately $1,805,133.33. This represents a 14.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 47,125 shares of company stock valued at $490,515 in the last quarter. Company insiders own 1.52% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. B. Riley boosted 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. Northland Securities reiterated an “outperform” rating and set a $14.00 price target (up from $13.00) on shares of Viavi Solutions in a research note on Friday, January 31st. Stifel Nicolaus restated a “buy” rating and issued a $13.00 price objective (up previously from $12.00) on shares of Viavi Solutions in a research note on Friday, January 31st. Needham & Company LLC raised 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. Finally, Argus boosted their target price on Viavi Solutions from $13.00 to $16.00 and gave the company a “buy” rating in a report on Wednesday, February 5th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $12.33.

Viavi Solutions Trading Up 2.7 %

NASDAQ VIAV opened at $11.29 on Thursday. The company has a 50-day moving average of $10.97 and a 200-day moving average of $9.93. 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 Inc. has a 12 month low of $6.60 and a 12 month high of $12.91. The company has a market cap of $2.51 billion, a P/E ratio of -62.72 and a beta of 0.92.

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.