Teachers Retirement System of The State of Kentucky Cuts Position in Viavi Solutions Inc. $VIAV

Teachers Retirement System of The State of Kentucky cut its holdings in Viavi Solutions Inc. (NASDAQ:VIAV) by 38.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 144,825 shares of the communications equipment provider’s stock after selling 89,283 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Viavi Solutions were worth $4,820,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. International Assets Investment Management LLC grew its stake in Viavi Solutions by 8,243.2% in the 1st quarter. International Assets Investment Management LLC now owns 6,174 shares of the communications equipment provider’s stock valued at $218,000 after purchasing an additional 6,100 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in shares of Viavi Solutions by 3.6% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 57,221 shares of the communications equipment provider’s stock worth $1,904,000 after purchasing an additional 1,964 shares during the period. Fifth Third Bancorp boosted its holdings in shares of Viavi Solutions by 12,355.2% in the 1st quarter. Fifth Third Bancorp now owns 117,951 shares of the communications equipment provider’s stock worth $3,925,000 after buying an additional 117,004 shares during the last quarter. Cedar Mountain Advisors LLC purchased a new position in shares of Viavi Solutions in the 1st quarter worth about $50,000. Finally, WPG Advisers LLC grew its position in Viavi Solutions by 96.2% during the first quarter. WPG Advisers LLC now owns 775 shares of the communications equipment provider’s stock valued at $26,000 after buying an additional 380 shares during the period. 95.54% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on VIAV shares. Rosenblatt Securities restated a “buy” rating and set a $70.00 price objective on shares of Viavi Solutions in a report on Wednesday, June 10th. UBS Group boosted their target price 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. Wall Street Zen upgraded shares of Viavi Solutions from a “hold” rating to a “buy” rating in a research note on Saturday, May 2nd. B. Riley Financial upped their price objective on Viavi Solutions from $26.00 to $53.00 and gave the company a “buy” rating in a research note on Friday, April 24th. Finally, Susquehanna increased their price objective on Viavi Solutions from $65.00 to $66.00 and gave the company a “positive” rating in a report on Wednesday, July 1st. Six analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $42.88.

Insider Buying and Selling

In related news, CEO Oleg Khaykin sold 136,547 shares of the business’s stock in a transaction on Friday, May 8th. The stock was sold at an average price of $51.82, for a total transaction of $7,075,865.54. Following the sale, the chief executive officer directly owned 1,188,798 shares in the company, valued at approximately $61,603,512.36. The trade was a 10.30% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Luke M. Scrivanich sold 10,693 shares of the stock in a transaction dated 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 directly owned 39,287 shares in the company, valued at $2,082,211. This trade represents a 21.39% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 450,369 shares of company stock valued at $23,789,119 in the last 90 days. Corporate insiders own 1.80% of the company’s stock.

Viavi Solutions Stock Performance

Shares of VIAV stock opened at $41.84 on Wednesday. The firm’s 50 day moving average is $48.70 and its 200 day moving average is $36.51. The stock has a market capitalization of $9.79 billion, a P/E ratio of -174.33 and a beta of 1.18. Viavi Solutions Inc. has a 12 month low of $9.61 and a 12 month high of $60.43. The company has a current ratio of 1.61, a quick ratio of 1.39 and a debt-to-equity ratio of 0.99.

Viavi Solutions (NASDAQ:VIAV) last issued 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 analysts’ expectations of $393.80 million. Viavi Solutions had a negative net margin of 4.03% and a positive return on equity of 16.80%. The business’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 firm posted $0.15 EPS. Viavi Solutions has set its Q4 2026 guidance at 0.290-0.310 EPS. On average, sell-side analysts anticipate that Viavi Solutions Inc. will post 0.73 earnings per share 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.