Viavi Solutions Inc. $VIAV Shares Sold by Andra AP fonden

Andra AP fonden decreased its holdings in Viavi Solutions Inc. (NASDAQ:VIAV) by 56.0% in the 3rd quarter, HoldingsChannel reports. The firm owned 46,985 shares of the communications equipment provider’s stock after selling 59,727 shares during the quarter. Andra AP fonden’s holdings in Viavi Solutions were worth $596,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Royal Bank of Canada boosted its position in Viavi Solutions by 11.5% in the 1st quarter. Royal Bank of Canada now owns 183,320 shares of the communications equipment provider’s stock valued at $2,051,000 after buying an additional 18,910 shares during the period. AQR Capital Management LLC raised its stake in shares of Viavi Solutions by 110.5% in the first quarter. AQR Capital Management LLC now owns 33,663 shares of the communications equipment provider’s stock valued at $377,000 after acquiring an additional 17,673 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Viavi Solutions by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 131,061 shares of the communications equipment provider’s stock valued at $1,467,000 after purchasing an additional 5,775 shares during the period. Millennium Management LLC grew its stake in Viavi Solutions by 205.4% during the 1st quarter. Millennium Management LLC now owns 476,767 shares of the communications equipment provider’s stock worth $5,335,000 after purchasing an additional 320,662 shares in the last quarter. Finally, United Services Automobile Association purchased a new stake in Viavi Solutions during the 1st quarter worth about $165,000. 95.54% of the stock is owned by hedge funds and other institutional investors.

Viavi Solutions Price Performance

VIAV stock opened at $29.71 on Monday. The company has a current ratio of 2.61, a quick ratio of 2.32 and a debt-to-equity ratio of 1.46. The company has a market capitalization of $6.87 billion, a P/E ratio of -165.05 and a beta of 0.91. The business has a 50 day simple moving average of $22.20 and a 200-day simple moving average of $17.12. Viavi Solutions Inc. has a twelve month low of $8.10 and a twelve month high of $31.42.

Viavi Solutions (NASDAQ:VIAV) last released its quarterly earnings results on Wednesday, January 28th. The communications equipment provider reported $0.22 EPS for the quarter, beating the consensus estimate of $0.19 by $0.03. Viavi Solutions had a negative net margin of 3.38% and a positive return on equity of 13.03%. The firm had revenue of $369.30 million during the quarter, compared to the consensus estimate of $365.25 million. During the same quarter in the prior year, the firm earned $0.13 EPS. Viavi Solutions’s revenue for the quarter was up 36.4% on a year-over-year basis. Viavi Solutions has set its Q3 2026 guidance at 0.220-4.000 EPS. As a group, equities analysts anticipate that Viavi Solutions Inc. will post 0.26 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages have recently commented on VIAV. Needham & Company LLC boosted their price objective on Viavi Solutions from $24.00 to $28.00 and gave the stock a “buy” rating in a research report on Thursday, January 29th. Stifel Nicolaus lifted their price target on shares of Viavi Solutions from $20.00 to $24.00 and gave the stock a “buy” rating in a research note on Thursday, January 29th. Argus boosted their price target on shares of Viavi Solutions from $16.00 to $23.00 and gave the stock a “buy” rating in a report on Wednesday, November 5th. Rosenblatt Securities set a $27.00 price objective on shares of Viavi Solutions in a report on Thursday, January 29th. Finally, B. Riley Financial lifted their price objective on shares of Viavi Solutions from $18.00 to $22.00 and gave the stock a “buy” rating in a research report on Monday, January 26th. Six investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $22.13.

Insider Buying and Selling

In other Viavi Solutions news, CEO Oleg Khaykin sold 74,315 shares of Viavi Solutions stock in a transaction that occurred on Wednesday, February 4th. The stock was sold at an average price of $26.48, for a total value of $1,967,861.20. Following the transaction, the chief executive officer directly owned 1,849,437 shares in the company, valued at approximately $48,973,091.76. This trade represents a 3.86% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Kevin Christopher Siebert sold 24,225 shares of the business’s stock in a transaction that occurred on Monday, December 8th. The shares were sold at an average price of $18.26, for a total value of $442,348.50. Following the completion of the transaction, the senior vice president directly owned 49,225 shares in the company, valued at approximately $898,848.50. The trade was a 32.98% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 744,760 shares of company stock worth $17,132,738. Corporate insiders own 1.80% of the company’s stock.

About Viavi Solutions

Viavi Solutions Inc is a provider of network test, monitoring and assurance solutions for communications service providers, cable operators, enterprises and government agencies. The company offers an extensive portfolio of fiber optic and copper cable test and measurement instruments, wireless network testing equipment and network performance monitoring software. Its products are designed to support the deployment, maintenance and optimization of high-speed broadband, 5G wireless, data center and enterprise networks.

Viavi’s product offerings are organized into two primary segments: Network & Service Enablement and Optical Security & Performance.