Dynamic Technology Lab Private Ltd Sells 11,097 Shares of Viavi Solutions Inc. (NASDAQ:VIAV)

Dynamic Technology Lab Private Ltd decreased its stake in Viavi Solutions Inc. (NASDAQ:VIAV) by 51.9% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 10,274 shares of the communications equipment provider’s stock after selling 11,097 shares during the period. Dynamic Technology Lab Private Ltd’s holdings in Viavi Solutions were worth $104,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Wellington Management Group LLP raised its holdings in shares of Viavi Solutions by 26.3% in the 4th quarter. Wellington Management Group LLP now owns 19,614,684 shares of the communications equipment provider’s stock worth $198,108,000 after purchasing an additional 4,085,648 shares during the period. Schroder Investment Management Group raised its stake in shares of Viavi Solutions by 1.6% in the fourth 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 during the period. Arrowstreet Capital Limited Partnership purchased a new position in shares of Viavi Solutions during the 4th quarter valued at $15,268,000. WINTON GROUP Ltd bought a new position in shares of Viavi Solutions during the 4th quarter worth $444,000. Finally, Segall Bryant & Hamill LLC bought a new position in shares of Viavi Solutions during the 4th quarter worth $16,722,000. 95.54% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

VIAV has been the topic of several recent research reports. Argus upped their price objective on shares of Viavi Solutions from $13.00 to $16.00 and gave the company a “buy” rating in a report on Wednesday, February 5th. UBS Group raised their price objective on shares of Viavi Solutions from $10.60 to $11.50 and gave the stock a “neutral” rating in a report on Friday, January 31st. Rosenblatt Securities raised shares of Viavi Solutions from a “neutral” rating to a “buy” rating and set a $14.00 target price on the stock in a report on Friday, March 7th. Northland Securities reaffirmed an “outperform” rating and issued a $14.00 price target (up from $13.00) on shares of Viavi Solutions in a report on Friday, January 31st. Finally, B. Riley boosted their price objective on Viavi Solutions from $10.00 to $12.00 and gave the company a “neutral” rating in a research note on Friday, January 31st. One analyst has rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $12.50.

Insider Buying and Selling at Viavi Solutions

In other news, Director Masood Jabbar sold 30,000 shares of the firm’s stock in a transaction on Tuesday, January 14th. The shares were sold at an average price of $10.01, for a total transaction of $300,300.00. Following the sale, the director now owns 180,333 shares in the company, valued at approximately $1,805,133.33. This trade represents a 14.26 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Luke M. Scrivanich sold 14,323 shares of the company’s stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $11.24, for a total transaction of $160,990.52. Following the completion of the transaction, the senior vice president now owns 55,877 shares of the company’s stock, valued at $628,057.48. This trade represents a 20.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 67,164 shares of company stock worth $711,422 over the last three months. 1.52% of the stock is owned by insiders.

Viavi Solutions Stock Performance

Shares of VIAV opened at $9.87 on Friday. Viavi Solutions Inc. has a 12-month low of $6.60 and a 12-month high of $12.91. The company has a current ratio of 3.55, a quick ratio of 3.18 and a debt-to-equity ratio of 0.94. The company has a market cap of $2.19 billion, a PE ratio of -54.83 and a beta of 0.89. The stock has a 50-day moving average price of $11.25 and a 200-day moving average price of $10.42.

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.