Viavi Solutions Inc. $VIAV Shares Purchased by Dean Capital Management

Dean Capital Management boosted its stake in Viavi Solutions Inc. (NASDAQ:VIAV) by 10.3% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 221,405 shares of the communications equipment provider’s stock after buying an additional 20,686 shares during the quarter. Viavi Solutions makes up about 1.7% of Dean Capital Management’s holdings, making the stock its 4th biggest position. Dean Capital Management’s holdings in Viavi Solutions were worth $3,945,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of the stock. Phocas Financial Corp. acquired a new position in Viavi Solutions in the 4th quarter valued at about $3,772,000. Jefferies Financial Group Inc. purchased a new position in Viavi Solutions in the 4th quarter valued at about $1,803,000. Fisher Asset Management LLC boosted its stake in shares of Viavi Solutions by 14.2% during the 3rd quarter. Fisher Asset Management LLC now owns 469,354 shares of the communications equipment provider’s stock worth $5,956,000 after purchasing an additional 58,364 shares during the last quarter. Tensor Edge Capital LLC acquired a new stake in shares of Viavi Solutions during the 4th quarter worth about $2,673,000. Finally, JPMorgan Chase & Co. boosted its stake in shares of Viavi Solutions by 22.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 400,886 shares of the communications equipment provider’s stock worth $5,087,000 after purchasing an additional 72,930 shares during the last quarter. Institutional investors and hedge funds own 95.54% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently commented on VIAV shares. Weiss Ratings upgraded shares of Viavi Solutions from a “sell (d-)” rating to a “hold (c-)” rating in a report on Wednesday, May 13th. UBS Group upped their price objective on shares of Viavi Solutions from $25.00 to $60.00 and gave the company a “neutral” rating in a research note on Thursday, April 30th. Needham & Company LLC raised their target price on shares of Viavi Solutions from $28.00 to $36.00 and gave the stock a “buy” rating in a research report on Monday, March 2nd. B. Riley Financial lifted their target price on shares of Viavi Solutions from $26.00 to $53.00 and gave the stock a “buy” rating in a research note on Friday, April 24th. Finally, Susquehanna boosted their price target on Viavi Solutions from $25.00 to $65.00 and gave the company a “positive” rating in a report on Thursday, April 30th. Six analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $42.75.

Viavi Solutions Trading Down 3.2%

NASDAQ VIAV opened at $47.17 on Friday. The company has a market cap of $11.03 billion, a P/E ratio of -196.53 and a beta of 1.18. Viavi Solutions Inc. has a 12 month low of $9.28 and a 12 month high of $60.43. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.61 and a quick ratio of 1.39. The company has a 50-day moving average of $48.40 and a 200-day moving average of $33.06.

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, topping the consensus estimate of $0.24 by $0.03. Viavi Solutions had a negative net margin of 4.03% and a positive return on equity of 16.80%. The business had revenue of $406.80 million for the quarter, compared to analysts’ expectations of $393.80 million. During the same period last year, the company earned $0.15 earnings per share. The company’s quarterly revenue was up 42.8% on a year-over-year basis. Viavi Solutions has set its Q4 2026 guidance at 0.290-0.310 EPS. As a group, equities analysts predict that Viavi Solutions Inc. will post 0.73 earnings per share for the current year.

Insider Activity at Viavi Solutions

In other news, EVP Paul Mcnab sold 2,727 shares of the business’s stock in a transaction on Tuesday, May 5th. The shares were sold at an average price of $54.96, for a total transaction of $149,875.92. Following the completion of the sale, the executive vice president directly owned 15,471 shares of the company’s stock, valued at $850,286.16. The trade was a 14.99% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Luke M. Scrivanich sold 10,693 shares of the company’s stock in a transaction on Wednesday, May 6th. The stock was sold at an average price of $53.00, for a total value of $566,729.00. Following the sale, the senior vice president owned 39,287 shares of the company’s stock, valued at approximately $2,082,211. The trade was a 21.39% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 450,369 shares of company stock valued at $23,789,119 over the last 90 days. 1.80% of the stock is currently owned by insiders.

About Viavi Solutions

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.