Jackson Creek Investment Advisors LLC Buys New Position in Viavi Solutions Inc. (NASDAQ:VIAV)

Jackson Creek Investment Advisors LLC purchased a new position in Viavi Solutions Inc. (NASDAQ:VIAV) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 131,243 shares of the communications equipment provider’s stock, valued at approximately $1,469,000. Jackson Creek Investment Advisors LLC owned approximately 0.06% of Viavi Solutions as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Heritage Family Offices LLP boosted its holdings in Viavi Solutions by 7.5% in the first quarter. Heritage Family Offices LLP now owns 14,970 shares of the communications equipment provider’s stock worth $168,000 after acquiring an additional 1,045 shares in the last quarter. First Horizon Advisors Inc. boosted its holdings in Viavi Solutions by 29.1% in the first quarter. First Horizon Advisors Inc. now owns 5,046 shares of the communications equipment provider’s stock worth $56,000 after acquiring an additional 1,138 shares in the last quarter. Xponance Inc. boosted its holdings in Viavi Solutions by 11.5% in the fourth quarter. Xponance Inc. now owns 15,977 shares of the communications equipment provider’s stock worth $161,000 after acquiring an additional 1,649 shares in the last quarter. New York State Common Retirement Fund boosted its holdings in Viavi Solutions by 3.9% in the first quarter. New York State Common Retirement Fund now owns 60,999 shares of the communications equipment provider’s stock worth $683,000 after acquiring an additional 2,300 shares in the last quarter. Finally, Swiss National Bank boosted its holdings in Viavi Solutions by 0.6% in the fourth quarter. Swiss National Bank now owns 438,400 shares of the communications equipment provider’s stock worth $4,428,000 after acquiring an additional 2,600 shares in the last quarter. Institutional investors own 95.54% of the company’s stock.

Viavi Solutions Stock Performance

Shares of VIAV traded up $0.03 on Friday, reaching $10.31. 82,956 shares of the company’s stock traded hands, compared to its average volume of 1,918,266. The company has a current ratio of 1.53, a quick ratio of 1.32 and a debt-to-equity ratio of 0.54. The stock has a market cap of $2.30 billion, a PE ratio of 517.26 and a beta of 0.88. The stock’s 50 day simple moving average is $9.62 and its two-hundred day simple moving average is $10.35. Viavi Solutions Inc. has a 52-week low of $7.03 and a 52-week high of $12.91.

Insider Transactions at Viavi Solutions

In other Viavi Solutions news, Director Richard Belluzzo sold 8,385 shares of the firm’s stock in a transaction on Tuesday, July 1st. The stock was sold at an average price of $10.02, for a total value of $84,017.70. Following the completion of the sale, the director directly owned 242,311 shares of the company’s stock, valued at $2,427,956.22. This trade represents a 3.34% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 1.52% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on VIAV. Needham & Company LLC reiterated a “buy” rating and issued a $15.00 price target on shares of Viavi Solutions in a report on Friday, May 2nd. UBS Group lowered their price objective on Viavi Solutions from $11.50 to $11.00 and set a “neutral” rating for the company in a research note on Friday, May 2nd. Morgan Stanley lowered their price objective on Viavi Solutions from $10.00 to $8.00 and set an “underweight” rating for the company in a research note on Tuesday, April 8th. Wall Street Zen raised Viavi Solutions from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, May 13th. Finally, B. Riley lowered their price objective on Viavi Solutions from $12.00 to $11.00 and set a “neutral” rating for the company in a research note on Friday, May 2nd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $12.69.

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.