Viavi Solutions Inc. (NASDAQ:VIAV) SVP James L. Veler, Jr. Sells 13,807 Shares of Stock

Viavi Solutions Inc. (NASDAQ:VIAV) SVP James L. Veler, Jr. sold 13,807 shares of the business’s stock in a transaction dated Friday, March 7th. The shares were sold at an average price of $10.86, for a total value of $149,944.02. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Viavi Solutions Price Performance

NASDAQ:VIAV opened at $10.71 on Tuesday. The company has a quick ratio of 3.18, a current ratio of 3.55 and a debt-to-equity ratio of 0.94. The stock’s 50 day moving average price is $11.02 and its two-hundred day moving average price is $9.99. The firm has a market capitalization of $2.38 billion, a price-to-earnings ratio of -59.50 and a beta of 0.94. Viavi Solutions Inc. has a 12-month low of $6.60 and a 12-month high of $12.91.

Wall Street Analyst Weigh In

VIAV has been the subject of several recent research reports. Morgan Stanley upped their price objective on Viavi Solutions from $9.50 to $10.00 and gave the stock an “underweight” rating in a research report on Friday, January 31st. StockNews.com raised Viavi Solutions from a “buy” rating to a “strong-buy” rating in a research report on Monday. Northland Securities reaffirmed an “outperform” rating and set a $14.00 price objective (up from $13.00) on shares of Viavi Solutions in a research report on Friday, January 31st. B. Riley upped their price objective on Viavi Solutions from $10.00 to $12.00 and gave the stock a “neutral” rating in a research report on Friday, January 31st. Finally, Rosenblatt Securities upgraded Viavi Solutions from a “neutral” rating to a “buy” rating and set a $14.00 target price on the stock in a report on Friday. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $12.72.

Institutional Trading of Viavi Solutions

Several institutional investors and hedge funds have recently bought and sold shares of VIAV. Capital Performance Advisors LLP acquired a new position in shares of Viavi Solutions in the third quarter valued at approximately $25,000. Picton Mahoney Asset Management grew its position in shares of Viavi Solutions by 35.0% in the fourth quarter. Picton Mahoney Asset Management now owns 3,212 shares of the communications equipment provider’s stock valued at $32,000 after purchasing an additional 833 shares during the last quarter. Sterling Capital Management LLC grew its position in Viavi Solutions by 804.6% during the fourth quarter. Sterling Capital Management LLC now owns 6,938 shares of the communications equipment provider’s stock worth $70,000 after buying an additional 6,171 shares in the last quarter. Venturi Wealth Management LLC acquired a new stake in Viavi Solutions during the fourth quarter worth approximately $75,000. Finally, Smartleaf Asset Management LLC grew its position in Viavi Solutions by 836.2% during the fourth quarter. Smartleaf Asset Management LLC now owns 8,323 shares of the communications equipment provider’s stock worth $84,000 after buying an additional 7,434 shares in the last quarter. Institutional investors own 95.54% of the company’s stock.

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.