Tributary Capital Management LLC cut its position in shares of Viavi Solutions Inc. (NASDAQ:VIAV – Free Report) by 7.2% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,144,312 shares of the communications equipment provider’s stock after selling 88,906 shares during the period. Tributary Capital Management LLC’s holdings in Viavi Solutions were worth $11,523,000 as of its most recent filing with the SEC.
Other institutional investors have also modified their holdings of the company. KBC Group NV grew its position in shares of Viavi Solutions by 38.1% in the first quarter. KBC Group NV now owns 12,967 shares of the communications equipment provider’s stock valued at $145,000 after purchasing an additional 3,579 shares during the period. Wakefield Asset Management LLLP acquired a new stake in shares of Viavi Solutions in the first quarter valued at about $1,098,000. Principal Financial Group Inc. raised its position in shares of Viavi Solutions by 2.8% in the first quarter. Principal Financial Group Inc. now owns 1,106,034 shares of the communications equipment provider’s stock valued at $12,377,000 after buying an additional 30,359 shares during the last quarter. Graham Capital Management L.P. acquired a new stake in shares of Viavi Solutions in the first quarter valued at about $1,447,000. Finally, Versor Investments LP acquired a new stake in shares of Viavi Solutions in the first quarter valued at about $1,225,000. Institutional investors and hedge funds own 95.54% of the company’s stock.
Insider Activity
In other news, Director Richard Belluzzo sold 8,387 shares of the firm’s stock in a transaction that occurred on Wednesday, October 1st. The shares were sold at an average price of $12.63, for a total value of $105,927.81. Following the completion of the transaction, the director owned 217,154 shares of the company’s stock, valued at approximately $2,742,655.02. This trade represents a 3.72% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Luke M. Scrivanich sold 11,873 shares of the firm’s stock in a transaction that occurred on Friday, August 29th. The shares were sold at an average price of $11.18, for a total transaction of $132,740.14. Following the completion of the transaction, the senior vice president directly owned 66,836 shares of the company’s stock, valued at approximately $747,226.48. The trade was a 15.08% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 73,789 shares of company stock valued at $857,189. 1.80% of the stock is currently owned by company insiders.
Viavi Solutions Price Performance
Viavi Solutions (NASDAQ:VIAV – Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The communications equipment provider reported $0.13 EPS for the quarter, beating the consensus estimate of $0.12 by $0.01. Viavi Solutions had a net margin of 3.21% and a return on equity of 8.02%. The business had revenue of $290.50 million during the quarter, compared to analyst estimates of $285.19 million. During the same quarter last year, the firm posted $0.08 earnings per share. The business’s revenue for the quarter was up 15.3% compared to the same quarter last year. Viavi Solutions has set its Q1 2026 guidance at 0.130-0.14 EPS. As a group, analysts forecast that Viavi Solutions Inc. will post 0.26 EPS for the current year.
Wall Street Analysts Forecast Growth
A number of equities research analysts have recently commented on the stock. UBS Group increased their target price on shares of Viavi Solutions from $11.00 to $12.00 and gave the company a “neutral” rating in a research report on Friday, August 8th. Morgan Stanley upgraded shares of Viavi Solutions from an “underweight” rating to an “equal weight” rating and set a $11.00 price objective for the company in a research report on Tuesday, September 2nd. B. Riley raised their price objective on shares of Viavi Solutions from $11.00 to $12.00 and gave the stock a “neutral” rating in a research report on Friday, August 8th. Susquehanna upgraded shares of Viavi Solutions from a “neutral” rating to a “positive” rating and set a $15.00 price objective for the company in a research report on Friday, August 8th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Viavi Solutions in a research report on Wednesday, October 8th. Six research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, Viavi Solutions has an average rating of “Moderate Buy” and an average target price of $13.72.
View Our Latest Stock Report on VIAV
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.
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