Parametric Portfolio Associates LLC grew its holdings in Viavi Solutions Inc (NASDAQ:VIAV) by 23.7% during the 1st quarter, Holdings Channel reports. The firm owned 883,139 shares of the communications equipment provider’s stock after purchasing an additional 169,226 shares during the period. Parametric Portfolio Associates LLC’s holdings in Viavi Solutions were worth $10,933,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also modified their holdings of VIAV. Pearl River Capital LLC bought a new position in shares of Viavi Solutions in the 4th quarter valued at about $45,000. Capital Investment Advisory Services LLC bought a new position in shares of Viavi Solutions in the 1st quarter valued at about $68,000. Oregon Public Employees Retirement Fund bought a new position in shares of Viavi Solutions in the 4th quarter valued at about $87,000. LS Investment Advisors LLC boosted its stake in shares of Viavi Solutions by 63.5% in the 4th quarter. LS Investment Advisors LLC now owns 10,817 shares of the communications equipment provider’s stock valued at $109,000 after purchasing an additional 4,202 shares during the last quarter. Finally, Penserra Capital Management LLC bought a new position in shares of Viavi Solutions in the 1st quarter valued at about $110,000. 92.54% of the stock is currently owned by institutional investors.
Viavi Solutions stock opened at $13.05 on Thursday. Viavi Solutions Inc has a fifty-two week low of $9.17 and a fifty-two week high of $14.00. The company has a market cap of $3.00 billion, a P/E ratio of 38.38 and a beta of 0.98. The company has a debt-to-equity ratio of 0.79, a quick ratio of 2.86 and a current ratio of 3.19.
Viavi Solutions (NASDAQ:VIAV) last released its quarterly earnings data on Thursday, May 2nd. The communications equipment provider reported $0.13 earnings per share for the quarter, topping the consensus estimate of $0.10 by $0.03. Viavi Solutions had a negative net margin of 3.25% and a positive return on equity of 15.88%. The business had revenue of $265.20 million for the quarter, compared to analyst estimates of $259.86 million. During the same quarter last year, the firm earned $0.13 EPS. Viavi Solutions’s quarterly revenue was up 20.9% compared to the same quarter last year. Analysts expect that Viavi Solutions Inc will post 0.53 EPS for the current fiscal year.
In other Viavi Solutions news, CFO Amar Maletira sold 2,500 shares of Viavi Solutions stock in a transaction that occurred on Monday, June 10th. The shares were sold at an average price of $13.31, for a total value of $33,275.00. Following the transaction, the chief financial officer now owns 269,370 shares of the company’s stock, valued at $3,585,314.70. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In the last ninety days, insiders sold 4,906 shares of company stock worth $63,110. Insiders own 0.50% of the company’s stock.
Several research firms recently weighed in on VIAV. BidaskClub lowered shares of Viavi Solutions from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, May 21st. TheStreet lowered shares of Viavi Solutions from a “b-” rating to a “c+” rating in a research note on Monday, June 3rd. Zacks Investment Research raised shares of Viavi Solutions from a “sell” rating to a “hold” rating in a research note on Saturday, June 8th. Northland Securities set a $16.00 price objective on shares of Viavi Solutions and gave the stock a “buy” rating in a research note on Tuesday. Finally, JPMorgan Chase & Co. raised shares of Viavi Solutions from an “underweight” rating to a “neutral” rating and lifted their price objective for the stock from $12.00 to $13.00 in a research note on Monday, April 22nd. Five research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $13.81.
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Viavi Solutions Company Profile
Viavi Solutions Inc provides network test, monitoring, and assurance solutions to communications service providers, enterprises, network equipment manufacturers, civil government, military, and avionics customers worldwide. The company operates through Network Enablement, Service Enablement, and Optical Security and Performance Products segments.
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