Arrowstreet Capital Limited Partnership Raises Stake in Viavi Solutions Inc. $VIAV

Arrowstreet Capital Limited Partnership grew its position in Viavi Solutions Inc. (NASDAQ:VIAV) by 0.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,673,145 shares of the communications equipment provider’s stock after purchasing an additional 33,463 shares during the quarter. Arrowstreet Capital Limited Partnership’s holdings in Viavi Solutions were worth $118,915,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of VIAV. State of Wyoming bought a new stake in shares of Viavi Solutions during the 4th quarter valued at $34,000. Hantz Financial Services Inc. boosted its holdings in Viavi Solutions by 86.2% in the 4th quarter. Hantz Financial Services Inc. now owns 2,845 shares of the communications equipment provider’s stock worth $51,000 after buying an additional 1,317 shares during the period. Johnson Financial Group Inc. purchased a new stake in Viavi Solutions in the 3rd quarter worth $44,000. GAMMA Investing LLC increased its stake in Viavi Solutions by 25.8% in the 4th quarter. GAMMA Investing LLC now owns 4,123 shares of the communications equipment provider’s stock worth $73,000 after buying an additional 845 shares in the last quarter. Finally, Kestra Advisory Services LLC bought a new stake in Viavi Solutions during the fourth quarter valued at about $90,000. 95.54% of the stock is owned by hedge funds and other institutional investors.

Viavi Solutions Price Performance

VIAV stock opened at $54.05 on Tuesday. Viavi Solutions Inc. has a 52 week low of $9.14 and a 52 week high of $60.43. The firm has a market capitalization of $12.64 billion, a P/E ratio of -225.20 and a beta of 1.18. The company has a fifty day simple moving average of $47.70 and a two-hundred day simple moving average of $32.41. The company has a quick ratio of 1.39, a current ratio of 1.61 and a debt-to-equity ratio of 0.99.

Viavi Solutions (NASDAQ:VIAV) last posted its earnings results on Wednesday, April 29th. The communications equipment provider reported $0.27 earnings per share for the quarter, topping analysts’ consensus estimates of $0.24 by $0.03. The firm had revenue of $406.80 million for the quarter, compared to the consensus estimate of $393.80 million. Viavi Solutions had a negative net margin of 4.03% and a positive return on equity of 16.80%. The business’s quarterly revenue was up 42.8% on a year-over-year basis. During the same period in the previous year, the firm posted $0.15 EPS. Viavi Solutions has set its Q4 2026 guidance at 0.290-0.310 EPS. Analysts anticipate that Viavi Solutions Inc. will post 0.73 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. Weiss Ratings upgraded Viavi Solutions from a “sell (d-)” rating to a “hold (c-)” rating in a research report on Wednesday, May 13th. Rosenblatt Securities reiterated a “buy” rating and set a $70.00 target price on shares of Viavi Solutions in a research report on Wednesday, June 10th. Wall Street Zen raised Viavi Solutions from a “hold” rating to a “buy” rating in a research note on Saturday, May 2nd. Susquehanna boosted their price target on Viavi Solutions from $25.00 to $65.00 and gave the stock a “positive” rating in a report on Thursday, April 30th. Finally, UBS Group upped their price target on Viavi Solutions from $25.00 to $60.00 and gave the stock a “neutral” rating in a research note on Thursday, April 30th. Six investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $42.75.

Insider Activity at Viavi Solutions

In other Viavi Solutions news, Director Doug Gilstrap sold 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $55.00, for a total transaction of $550,000.00. Following the sale, the director directly owned 55,766 shares in the company, valued at $3,067,130. This represents a 15.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Paul Mcnab sold 2,727 shares of the firm’s stock in a transaction that occurred on Tuesday, May 5th. The shares were sold at an average price of $54.96, for a total value of $149,875.92. Following the completion of the sale, the executive vice president directly owned 15,471 shares of the company’s stock, valued at $850,286.16. The trade was a 14.99% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 450,369 shares of company stock valued at $23,789,119 over the last ninety days. 1.80% of the stock is currently owned by company insiders.

Viavi Solutions Profile

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.