Arrowstreet Capital Limited Partnership Has $12.59 Million Stock Holdings in Viavi Solutions Inc. $VIAV

Arrowstreet Capital Limited Partnership trimmed its holdings in shares of Viavi Solutions Inc. (NASDAQ:VIAV) by 11.6% during the second quarter, HoldingsChannel reports. The fund owned 1,250,247 shares of the communications equipment provider’s stock after selling 164,737 shares during the quarter. Arrowstreet Capital Limited Partnership’s holdings in Viavi Solutions were worth $12,590,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of VIAV. Family Legacy Financial Solutions LLC acquired a new position in shares of Viavi Solutions during the second quarter worth $43,000. AlphaQuest LLC bought a new position in Viavi Solutions during the 1st quarter worth $55,000. Quarry LP lifted its holdings in Viavi Solutions by 481.2% during the 1st quarter. Quarry LP now owns 9,450 shares of the communications equipment provider’s stock worth $106,000 after buying an additional 7,824 shares during the period. Worth Venture Partners LLC acquired a new position in Viavi Solutions during the 1st quarter worth about $112,000. Finally, Park Avenue Securities LLC bought a new stake in shares of Viavi Solutions in the 2nd quarter valued at about $109,000. Institutional investors own 95.54% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently commented on VIAV. B. Riley raised Viavi Solutions from a “neutral” rating to a “buy” rating and set a $18.00 price objective on the stock in a research note on Thursday, October 30th. Weiss Ratings restated a “sell (d)” rating on shares of Viavi Solutions in a research report on Monday, December 1st. Morgan Stanley raised shares of Viavi Solutions from an “underweight” rating to an “equal weight” rating and set a $11.00 price objective on the stock in a research note on Tuesday, September 2nd. Needham & Company LLC lifted their target price on shares of Viavi Solutions from $16.00 to $20.00 and gave the stock a “buy” rating in a research note on Thursday, October 30th. Finally, Argus upped their price target on shares of Viavi Solutions from $16.00 to $23.00 and gave the company a “buy” rating in a research report on Wednesday, November 5th. Seven analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $16.89.

Insiders Place Their Bets

In other news, SVP Kevin Christopher Siebert sold 24,225 shares of the stock in a transaction that occurred on Monday, December 8th. The stock was sold at an average price of $18.26, for a total value of $442,348.50. Following the completion of the sale, the senior vice president directly owned 49,225 shares of the company’s stock, valued at $898,848.50. This represents a 32.98% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Ilan Daskal sold 170,000 shares of the firm’s stock in a transaction that occurred on Tuesday, December 2nd. The shares were sold at an average price of $17.49, for a total value of $2,973,300.00. Following the completion of the transaction, the executive vice president owned 10,132 shares in the company, valued at $177,208.68. This represents a 94.38% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 626,759 shares of company stock worth $10,923,963 in the last quarter. Insiders own 1.80% of the company’s stock.

Viavi Solutions Trading Up 1.5%

VIAV opened at $18.59 on Tuesday. Viavi Solutions Inc. has a 1-year low of $8.10 and a 1-year high of $18.90. The company has a current ratio of 1.99, a quick ratio of 1.74 and a debt-to-equity ratio of 0.88. The company has a market cap of $4.15 billion, a P/E ratio of 265.57 and a beta of 0.96. The company has a fifty day moving average price of $15.47 and a two-hundred day moving average price of $12.26.

Viavi Solutions (NASDAQ:VIAV) last issued its earnings results on Wednesday, October 29th. The communications equipment provider reported $0.15 EPS for the quarter, beating the consensus estimate of $0.13 by $0.02. Viavi Solutions had a return on equity of 10.70% and a net margin of 1.33%.The company had revenue of $299.10 million during the quarter, compared to the consensus estimate of $294.35 million. During the same period last year, the business posted $0.06 EPS. The firm’s revenue for the quarter was up 25.6% compared to the same quarter last year. Viavi Solutions has set its Q2 2026 guidance at 0.180-0.200 EPS. Analysts predict that Viavi Solutions Inc. will post 0.26 EPS for the current fiscal year.

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.