Parsifal Capital Management LP Takes Position in Viavi Solutions Inc. $VIAV

Parsifal Capital Management LP purchased a new position in Viavi Solutions Inc. (NASDAQ:VIAV) during the 2nd quarter, Holdings Channel.com reports. The institutional investor purchased 618,839 shares of the communications equipment provider’s stock, valued at approximately $29,549,562,000. Viavi Solutions accounts for about 3.6% of Parsifal Capital Management LP’s portfolio, making the stock its 12th largest position.

A number of other institutional investors have also made changes to their positions in VIAV. WPG Advisers LLC increased its holdings in Viavi Solutions by 96.2% in the first quarter. WPG Advisers LLC now owns 775 shares of the communications equipment provider’s stock valued at $26,000 after purchasing an additional 380 shares during the last quarter. Carolina Wealth Advisors LLC lifted its stake in Viavi Solutions by 83.2% in the second quarter. Carolina Wealth Advisors LLC now owns 852 shares of the communications equipment provider’s stock valued at $41,000 after buying an additional 387 shares during the period. Corient Private Wealth LLC boosted its holdings in Viavi Solutions by 3.6% during the fourth quarter. Corient Private Wealth LLC now owns 11,400 shares of the communications equipment provider’s stock worth $204,000 after buying an additional 394 shares during the last quarter. Lido Advisors LLC boosted its holdings in Viavi Solutions by 2.0% during the fourth quarter. Lido Advisors LLC now owns 24,555 shares of the communications equipment provider’s stock worth $438,000 after buying an additional 473 shares during the last quarter. Finally, Maryland State Retirement & Pension System grew its position in shares of Viavi Solutions by 1.5% during the 4th quarter. Maryland State Retirement & Pension System now owns 32,572 shares of the communications equipment provider’s stock worth $580,000 after buying an additional 478 shares during the period. 95.54% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Viavi Solutions

In other news, Director Laura A. Black sold 71,000 shares of the business’s stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $46.12, for a total value of $3,274,520.00. Following the sale, the director directly owned 71,497 shares in the company, valued at $3,297,441.64. The trade was a 49.83% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Paul Mcnab sold 1,595 shares of the company’s stock in a transaction dated Monday, August 10th. The stock was sold at an average price of $37.37, for a total value of $59,605.15. Following the transaction, the executive vice president directly owned 13,876 shares of the company’s stock, valued at $518,546.12. This represents a 10.31% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 1.80% of the stock is currently owned by corporate insiders.

Viavi Solutions Price Performance

Viavi Solutions stock opened at $38.90 on Monday. The stock has a market capitalization of $9.60 billion, a PE ratio of -259.32 and a beta of 1.22. Viavi Solutions Inc. has a twelve month low of $10.78 and a twelve month high of $60.43. The company has a quick ratio of 1.62, a current ratio of 1.85 and a debt-to-equity ratio of 0.27. The company has a 50 day moving average of $42.39 and a 200-day moving average of $40.49.

Viavi Solutions (NASDAQ:VIAV) last issued 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 business had revenue of $443.10 million for the quarter, compared to analyst estimates of $432.62 million. Viavi Solutions had a negative net margin of 2.00% and a positive return on equity of 19.60%. The firm’s quarterly revenue was up 52.5% on a year-over-year basis. During the same period last year, the business posted $0.13 earnings per share. Viavi Solutions has set its Q1 2027 guidance at 0.400-0.420 EPS. On average, equities research analysts anticipate that Viavi Solutions Inc. will post 1.32 EPS for the current fiscal year.

Analyst Ratings Changes

VIAV has been the subject of a number of recent analyst reports. Zacks Research raised Viavi Solutions from a “hold” rating to a “strong-buy” rating in a research note on Thursday, August 13th. Susquehanna lifted their price objective on shares of Viavi Solutions from $65.00 to $66.00 and gave the stock a “positive” rating in a research note on Wednesday, July 1st. Stifel Nicolaus boosted their price objective on shares of Viavi Solutions from $60.00 to $65.00 and gave the company a “buy” rating in a report on Thursday, August 6th. Wall Street Zen raised shares of Viavi Solutions from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 15th. Finally, Weiss Ratings downgraded 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 given a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Viavi Solutions presently has an average rating of “Moderate Buy” and a consensus price target of $49.88.

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.