Viavi Solutions (NASDAQ:VIAV) Downgraded to “Buy” Rating by StockNews.com

Viavi Solutions (NASDAQ:VIAV) was downgraded by research analysts at StockNews.com from a “strong-buy” rating to a “buy” rating in a research report issued to clients and investors on Tuesday.

A number of other research analysts have also weighed in on VIAV. Rosenblatt Securities raised their price objective on Viavi Solutions from $8.25 to $10.50 and gave the company a “neutral” rating in a research report on Friday, November 1st. B. Riley lifted their target price on Viavi Solutions from $10.00 to $12.00 and gave the stock a “neutral” rating in a report on Friday, January 31st. Morgan Stanley lifted their target price on Viavi Solutions from $9.50 to $10.00 and gave the stock an “underweight” rating in a report on Friday, January 31st. Stifel Nicolaus reissued a “buy” rating and issued a $13.00 target price (up previously from $12.00) on shares of Viavi Solutions in a report on Friday, January 31st. Finally, UBS Group lifted their target price on Viavi Solutions from $10.60 to $11.50 and gave the stock a “neutral” rating in a report on Friday, January 31st. One analyst has rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $12.33.

Viavi Solutions Stock Down 0.7 %

VIAV stock traded down $0.08 on Tuesday, reaching $11.27. 1,801,062 shares of the company traded hands, compared to its average volume of 2,354,535. Viavi Solutions has a one year low of $6.60 and a one year high of $12.91. The company has a debt-to-equity ratio of 0.94, a current ratio of 3.55 and a quick ratio of 3.18. The company has a market cap of $2.50 billion, a P/E ratio of -62.61 and a beta of 0.92. The firm has a fifty day simple moving average of $10.89 and a 200-day simple moving average of $9.81.

Insider Activity

In other news, Director Masood Jabbar sold 30,000 shares of the business’s stock in a transaction dated Tuesday, January 14th. The stock was sold at an average price of $10.01, for a total value of $300,300.00. Following the transaction, the director now directly owns 180,333 shares in the company, valued at $1,805,133.33. The trade was a 14.26 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Luke M. Scrivanich sold 2,802 shares of the business’s stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $10.43, for a total value of $29,224.86. Following the completion of the transaction, the senior vice president now owns 54,517 shares in the company, valued at $568,612.31. The trade was a 4.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.52% of the company’s stock.

Institutional Investors Weigh In On Viavi Solutions

Several large investors have recently made changes to their positions in VIAV. Wellington Management Group LLP increased its holdings in shares of Viavi Solutions by 26.3% in the fourth quarter. Wellington Management Group LLP now owns 19,614,684 shares of the communications equipment provider’s stock worth $198,108,000 after purchasing an additional 4,085,648 shares during the last quarter. Woodline Partners LP increased its holdings in shares of Viavi Solutions by 423.7% in the fourth quarter. Woodline Partners LP now owns 3,435,678 shares of the communications equipment provider’s stock worth $34,700,000 after purchasing an additional 2,779,615 shares during the last quarter. Segall Bryant & Hamill LLC bought a new stake in shares of Viavi Solutions in the fourth quarter worth about $16,722,000. Arrowstreet Capital Limited Partnership bought a new stake in shares of Viavi Solutions in the fourth quarter worth about $15,268,000. Finally, LMR Partners LLP bought a new stake in Viavi Solutions during the fourth quarter worth approximately $8,080,000. 95.54% of the stock is owned by institutional investors.

About Viavi Solutions

Viavi Solutions, Inc engages in the provision of network test, monitoring, and assurance solutions for communications service providers, enterprises, network equipment manufacturers, government and avionics. It operates through the following segments: Network Enablement, Service Enablement, and Optical Security and Performance.