Legal & General Group Plc Sells 27,628 Shares of Viavi Solutions Inc. $VIAV

Legal & General Group Plc reduced its stake in Viavi Solutions Inc. (NASDAQ:VIAV) by 4.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 560,864 shares of the communications equipment provider’s stock after selling 27,628 shares during the quarter. Legal & General Group Plc’s holdings in Viavi Solutions were worth $9,995,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Lido Advisors LLC raised its position in Viavi Solutions by 3.0% in the 3rd quarter. Lido Advisors LLC now owns 24,082 shares of the communications equipment provider’s stock valued at $306,000 after buying an additional 697 shares during the last quarter. Oregon Public Employees Retirement Fund increased its position in shares of Viavi Solutions by 1.6% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 51,094 shares of the communications equipment provider’s stock valued at $910,000 after purchasing an additional 800 shares during the last quarter. GAMMA Investing LLC increased its position in shares of Viavi Solutions by 25.8% during the 4th quarter. GAMMA Investing LLC now owns 4,123 shares of the communications equipment provider’s stock valued at $73,000 after purchasing an additional 845 shares during the last quarter. Smartleaf Asset Management LLC increased its position in shares of Viavi Solutions by 12.7% during the 3rd quarter. Smartleaf Asset Management LLC now owns 10,835 shares of the communications equipment provider’s stock valued at $136,000 after purchasing an additional 1,224 shares during the last quarter. Finally, Arizona State Retirement System increased its position in shares of Viavi Solutions by 1.9% during the 3rd quarter. Arizona State Retirement System now owns 66,058 shares of the communications equipment provider’s stock valued at $838,000 after purchasing an additional 1,263 shares during the last quarter. 95.54% of the stock is owned by hedge funds and other institutional investors.

Viavi Solutions Stock Up 1.5%

VIAV stock opened at $53.21 on Friday. The company has a quick ratio of 1.39, a current ratio of 1.61 and a debt-to-equity ratio of 0.99. The firm has a market capitalization of $12.45 billion, a PE ratio of -221.70 and a beta of 1.18. Viavi Solutions Inc. has a twelve month low of $9.08 and a twelve month high of $60.43. The stock has a 50-day simple moving average of $45.63 and a two-hundred day simple moving average of $30.78.

Viavi Solutions (NASDAQ:VIAV) last issued its quarterly 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 firm had revenue of $406.80 million during the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same quarter last year, the company posted $0.15 EPS. Viavi Solutions has set its Q4 2026 guidance at 0.290-0.310 EPS. On average, equities analysts predict that Viavi Solutions Inc. will post 0.73 EPS for the current fiscal year.

Analysts Set New Price Targets

VIAV has been the subject of several research analyst reports. Needham & Company LLC raised their target price on Viavi Solutions from $28.00 to $36.00 and gave the company a “buy” rating in a research report on Monday, March 2nd. Rosenblatt Securities raised their target price on Viavi Solutions from $27.00 to $42.00 and gave the company a “buy” rating in a research report on Wednesday, March 18th. UBS Group raised their target price on Viavi Solutions from $25.00 to $60.00 and gave the company a “neutral” rating in a research report on Thursday, April 30th. B. Riley Financial raised their target price on Viavi Solutions from $26.00 to $53.00 and gave the company a “buy” rating in a research report on Friday, April 24th. Finally, Weiss Ratings raised Viavi Solutions from a “sell (d-)” rating to a “hold (c-)” rating in a research report on Wednesday, May 13th. Six research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, Viavi Solutions presently has an average rating of “Moderate Buy” and a consensus target price of $39.25.

Insider Buying and Selling

In related news, Director Doug Gilstrap sold 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $55.00, for a total value of $550,000.00. Following the completion of the sale, the director owned 55,766 shares in the company, valued at $3,067,130. The trade was a 15.21% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Kevin Christopher Siebert sold 8,255 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the senior vice president owned 20,129 shares of the company’s stock, valued at $1,087,368.58. The trade was a 29.08% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 450,369 shares of company stock worth $23,789,119 over the last ninety days. Corporate insiders own 1.80% of the company’s stock.

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.