Bessemer Group Inc. Has $128,000 Holdings in Viavi Solutions Inc. (NASDAQ:VIAV)

Bessemer Group Inc. lessened its holdings in shares of Viavi Solutions Inc. (NASDAQ:VIAV) by 9.2% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 11,420 shares of the communications equipment provider’s stock after selling 1,158 shares during the quarter. Bessemer Group Inc.’s holdings in Viavi Solutions were worth $128,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of VIAV. Wellington Management Group LLP grew its position in shares of Viavi Solutions by 26.3% in the fourth quarter. Wellington Management Group LLP now owns 19,614,684 shares of the communications equipment provider’s stock valued at $198,108,000 after purchasing an additional 4,085,648 shares during the last quarter. T. Rowe Price Investment Management Inc. grew its holdings in Viavi Solutions by 1.7% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 10,524,395 shares of the communications equipment provider’s stock valued at $106,297,000 after buying an additional 171,746 shares in the last quarter. Schroder Investment Management Group grew its holdings in Viavi Solutions by 1.6% in the 4th quarter. Schroder Investment Management Group now owns 7,040,890 shares of the communications equipment provider’s stock valued at $70,972,000 after buying an additional 112,978 shares in the last quarter. Dimensional Fund Advisors LP increased its position in Viavi Solutions by 10.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 6,398,610 shares of the communications equipment provider’s stock worth $64,626,000 after buying an additional 620,773 shares during the period. Finally, Bank of New York Mellon Corp increased its position in Viavi Solutions by 14.3% during the 4th quarter. Bank of New York Mellon Corp now owns 3,475,819 shares of the communications equipment provider’s stock worth $35,106,000 after buying an additional 435,265 shares during the period. Institutional investors and hedge funds own 95.54% of the company’s stock.

Analyst Ratings Changes

VIAV has been the topic of several recent research reports. Rosenblatt Securities reiterated a “buy” rating and set a $13.50 price objective on shares of Viavi Solutions in a research report on Friday, June 20th. Needham & Company LLC reiterated a “buy” rating and set a $15.00 price objective on shares of Viavi Solutions in a research report on Friday, May 2nd. Morgan Stanley lowered their price objective on Viavi Solutions from $10.00 to $8.00 and set an “underweight” rating on the stock in a research report on Tuesday, April 8th. UBS Group lowered their price objective on Viavi Solutions from $11.50 to $11.00 and set a “neutral” rating on the stock in a research report on Friday, May 2nd. Finally, Wall Street Zen upgraded Viavi Solutions from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, May 13th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $12.69.

Insider Activity

In other news, Director Richard Belluzzo sold 8,385 shares of the stock in a transaction on Tuesday, July 1st. The stock was sold at an average price of $10.02, for a total transaction of $84,017.70. Following the sale, the director directly owned 242,311 shares of the company’s stock, valued at approximately $2,427,956.22. This represents a 3.34% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 1.52% of the company’s stock.

Viavi Solutions Stock Performance

VIAV opened at $10.44 on Friday. The firm has a market cap of $2.33 billion, a P/E ratio of 522.26 and a beta of 0.88. Viavi Solutions Inc. has a 52-week low of $6.89 and a 52-week high of $12.91. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.32 and a current ratio of 1.53. The business’s fifty day moving average is $9.53 and its 200-day moving average is $10.35.

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.