Viavi Solutions Inc. $VIAV Shares Acquired by Legato Capital Management LLC

Legato Capital Management LLC lifted its holdings in shares of Viavi Solutions Inc. (NASDAQ:VIAV) by 10.1% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 138,310 shares of the communications equipment provider’s stock after acquiring an additional 12,674 shares during the period. Legato Capital Management LLC owned 0.06% of Viavi Solutions worth $2,465,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in VIAV. Arrowstreet Capital Limited Partnership raised its position in shares of Viavi Solutions by 431.1% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 6,639,682 shares of the communications equipment provider’s stock worth $84,258,000 after acquiring an additional 5,389,435 shares in the last quarter. Aberdeen Group plc acquired a new stake in shares of Viavi Solutions during the 3rd quarter worth about $20,110,000. Millennium Management LLC increased its position in Viavi Solutions by 772.9% during the third quarter. Millennium Management LLC now owns 1,163,336 shares of the communications equipment provider’s stock worth $14,763,000 after buying an additional 1,030,071 shares during the period. Balyasny Asset Management L.P. increased its position in Viavi Solutions by 1,658.2% during the second quarter. Balyasny Asset Management L.P. now owns 889,877 shares of the communications equipment provider’s stock worth $8,961,000 after buying an additional 839,265 shares during the period. Finally, Invesco Ltd. increased its position in Viavi Solutions by 78.0% during the third quarter. Invesco Ltd. now owns 1,763,811 shares of the communications equipment provider’s stock worth $22,383,000 after buying an additional 773,069 shares during the period. Institutional investors and hedge funds own 95.54% of the company’s stock.

Insiders Place Their Bets

In other news, EVP Paul Mcnab sold 3,551 shares of the business’s stock in a transaction that occurred on Monday, March 2nd. The stock was sold at an average price of $32.89, for a total value of $116,792.39. Following the transaction, the executive vice president owned 18,198 shares of the company’s stock, valued at approximately $598,532.22. The trade was a 16.33% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Kevin Christopher Siebert sold 8,255 shares of the company’s stock in a transaction on Monday, May 4th. The stock was sold at an average price of $54.02, for a total value of $445,935.10. Following the transaction, the senior vice president directly owned 20,129 shares in the company, valued at $1,087,368.58. This represents a 29.08% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 461,184 shares of company stock valued at $24,158,554. 1.80% of the stock is owned by company insiders.

Analyst Ratings Changes

Several research firms have commented on VIAV. B. Riley Financial lifted their price target on Viavi Solutions from $26.00 to $53.00 and gave the stock a “buy” rating in a research report on Friday, April 24th. Wall Street Zen raised shares of Viavi Solutions from a “hold” rating to a “buy” rating in a research report on Saturday, May 2nd. Weiss Ratings raised shares of Viavi Solutions from a “sell (d-)” rating to a “hold (c-)” rating in a research report on Wednesday, May 13th. Needham & Company LLC increased their target price on shares of Viavi Solutions from $28.00 to $36.00 and gave the stock a “buy” rating in a research note on Monday, March 2nd. Finally, Stifel Nicolaus increased their target price on shares of Viavi Solutions from $20.00 to $24.00 and gave the stock a “buy” rating in a research note on Thursday, January 29th. Six research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $39.25.

Viavi Solutions Trading Up 1.1%

NASDAQ:VIAV opened at $49.51 on Friday. The firm has a market cap of $11.58 billion, a P/E ratio of -206.28 and a beta of 1.22. The company has a current ratio of 1.61, a quick ratio of 1.39 and a debt-to-equity ratio of 0.99. The stock’s 50 day simple moving average is $42.24 and its 200-day simple moving average is $28.57. Viavi Solutions Inc. has a 12-month low of $8.87 and a 12-month high of $60.43.

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

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.