112,740 Shares in Viavi Solutions Inc. $VIAV Bought by Ranger Investment Management L.P.

Ranger Investment Management L.P. acquired a new stake in Viavi Solutions Inc. (NASDAQ:VIAV) during the 2nd quarter, according to its most recent disclosure with the SEC. The fund acquired 112,740 shares of the communications equipment provider’s stock, valued at approximately $5,383,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in VIAV. BlackRock Inc. bought a new position in Viavi Solutions during the 2nd quarter worth about $1,228,529,000. Capital World Investors raised its stake in shares of Viavi Solutions by 4.4% in the 4th quarter. Capital World Investors now owns 15,620,410 shares of the communications equipment provider’s stock valued at $278,356,000 after purchasing an additional 664,956 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of Viavi Solutions by 3.5% in the third quarter. Dimensional Fund Advisors LP now owns 6,846,226 shares of the communications equipment provider’s stock valued at $86,875,000 after purchasing an additional 231,570 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Viavi Solutions by 0.5% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 6,673,145 shares of the communications equipment provider’s stock valued at $118,915,000 after purchasing an additional 33,463 shares in the last quarter. Finally, Geode Capital Management LLC lifted its holdings in shares of Viavi Solutions by 0.4% in the fourth quarter. Geode Capital Management LLC now owns 5,351,211 shares of the communications equipment provider’s stock valued at $95,373,000 after purchasing an additional 20,776 shares in the last quarter. 95.54% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, Director Laura A. Black sold 71,000 shares of the stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $46.12, for a total transaction of $3,274,520.00. Following the completion of the transaction, the director directly owned 71,497 shares of the company’s stock, valued at approximately $3,297,441.64. This represents a 49.83% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Paul Mcnab sold 1,595 shares of the firm’s stock in a transaction that occurred on Monday, August 10th. The shares were sold at an average price of $37.37, for a total value of $59,605.15. Following the completion of the transaction, the executive vice president owned 13,876 shares of the company’s stock, valued at approximately $518,546.12. This represents a 10.31% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 1.80% of the company’s stock.

Viavi Solutions Stock Performance

Shares of NASDAQ:VIAV opened at $38.90 on Monday. The company’s 50-day moving average price is $42.39 and its two-hundred day moving average price is $40.49. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.85 and a quick ratio of 1.62. Viavi Solutions Inc. has a one year low of $10.78 and a one year high of $60.43. The stock has a market capitalization of $9.60 billion, a PE ratio of -259.32 and a beta of 1.22.

Viavi Solutions (NASDAQ:VIAV) last posted its quarterly earnings data on Wednesday, August 5th. The communications equipment provider reported $0.34 EPS for the quarter, topping analysts’ consensus estimates of $0.30 by $0.04. The company had revenue of $443.10 million during the quarter, compared to the consensus estimate of $432.62 million. Viavi Solutions had a negative net margin of 2.00% and a positive return on equity of 19.60%. The company’s quarterly revenue was up 52.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.13 EPS. Viavi Solutions has set its Q1 2027 guidance at 0.400-0.420 EPS. On average, equities analysts forecast that Viavi Solutions Inc. will post 1.32 EPS for the current fiscal year.

Analysts Set New Price Targets

VIAV has been the subject of a number of research reports. UBS Group decreased their price objective on Viavi Solutions from $60.00 to $44.00 and set a “neutral” rating for the company in a report on Thursday, August 6th. Susquehanna boosted their target price on Viavi Solutions from $65.00 to $66.00 and gave the company a “positive” rating in a research note on Wednesday, July 1st. Needham & Company LLC cut their target price on Viavi Solutions from $68.00 to $60.00 and set a “buy” rating on the stock in a research note on Thursday, August 6th. Rosenblatt Securities reaffirmed a “buy” rating and set a $70.00 price target on shares of Viavi Solutions in a research report on Wednesday, August 19th. Finally, Weiss Ratings cut shares of Viavi Solutions from a “sell (d+)” rating to a “sell (d)” rating in a research note on Tuesday, August 11th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $49.88.

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.