Commonwealth of Pennsylvania Public School Empls Retrmt SYS Acquires 6,251 Shares of Viavi Solutions Inc (VIAV)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its holdings in shares of Viavi Solutions Inc (NASDAQ:VIAV) by 13.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 54,123 shares of the communications equipment provider’s stock after acquiring an additional 6,251 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Viavi Solutions were worth $614,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Metropolitan Life Insurance Co. NY grew its holdings in shares of Viavi Solutions by 7.2% in the second quarter. Metropolitan Life Insurance Co. NY now owns 73,365 shares of the communications equipment provider’s stock worth $751,000 after purchasing an additional 4,958 shares during the last quarter. SG Americas Securities LLC grew its holdings in shares of Viavi Solutions by 17.4% in the second quarter. SG Americas Securities LLC now owns 37,173 shares of the communications equipment provider’s stock worth $381,000 after purchasing an additional 5,505 shares during the last quarter. Macquarie Group Ltd. grew its holdings in shares of Viavi Solutions by 0.3% in the second quarter. Macquarie Group Ltd. now owns 2,786,563 shares of the communications equipment provider’s stock worth $28,534,000 after purchasing an additional 7,114 shares during the last quarter. Rhumbline Advisers grew its holdings in shares of Viavi Solutions by 1.5% in the second quarter. Rhumbline Advisers now owns 576,349 shares of the communications equipment provider’s stock worth $5,902,000 after purchasing an additional 8,722 shares during the last quarter. Finally, MetLife Investment Advisors LLC grew its holdings in shares of Viavi Solutions by 10.9% in the second quarter. MetLife Investment Advisors LLC now owns 104,090 shares of the communications equipment provider’s stock worth $1,066,000 after purchasing an additional 10,198 shares during the last quarter. Institutional investors and hedge funds own 89.79% of the company’s stock.

In related news, EVP Paul Mcnab sold 57,668 shares of the firm’s stock in a transaction on Thursday, October 4th. The stock was sold at an average price of $12.56, for a total value of $724,310.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Gary W. Staley sold 5,185 shares of the firm’s stock in a transaction on Thursday, September 27th. The stock was sold at an average price of $11.22, for a total value of $58,175.70. Following the completion of the sale, the senior vice president now directly owns 7,670 shares of the company’s stock, valued at approximately $86,057.40. The disclosure for this sale can be found here. Insiders sold 124,253 shares of company stock valued at $1,472,556 in the last ninety days. 0.50% of the stock is currently owned by insiders.

VIAV has been the topic of several recent analyst reports. Deutsche Bank upgraded shares of Viavi Solutions from a “hold” rating to a “buy” rating in a report on Monday, October 1st. BidaskClub upgraded shares of Viavi Solutions from a “buy” rating to a “strong-buy” rating in a report on Thursday, October 4th. ValuEngine upgraded shares of Viavi Solutions from a “hold” rating to a “buy” rating in a report on Tuesday, October 2nd. Stifel Nicolaus initiated coverage on shares of Viavi Solutions in a report on Monday, October 22nd. They issued a “buy” rating and a $14.00 target price on the stock. Finally, William Blair restated a “buy” rating on shares of Viavi Solutions in a report on Wednesday, August 15th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the company. Viavi Solutions currently has an average rating of “Buy” and an average target price of $11.99.

Shares of VIAV stock opened at $10.30 on Friday. Viavi Solutions Inc has a 52 week low of $8.49 and a 52 week high of $12.82. The firm has a market capitalization of $2.33 billion, a P/E ratio of 30.29 and a beta of 0.88. The company has a quick ratio of 2.18, a current ratio of 2.39 and a debt-to-equity ratio of 0.79.

Viavi Solutions (NASDAQ:VIAV) last announced its quarterly earnings results on Thursday, November 1st. The communications equipment provider reported $0.12 EPS for the quarter, topping analysts’ consensus estimates of $0.11 by $0.01. Viavi Solutions had a positive return on equity of 12.72% and a negative net margin of 5.92%. The company had revenue of $268.50 million during the quarter, compared to analyst estimates of $268.73 million. During the same quarter last year, the firm posted $0.11 earnings per share. The firm’s revenue was up 40.6% on a year-over-year basis. Sell-side analysts anticipate that Viavi Solutions Inc will post 0.49 EPS for the current fiscal year.

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Viavi Solutions Company Profile

Viavi Solutions Inc provides network test, monitoring, and assurance solutions to communications service providers, enterprises, network equipment manufacturers, civil government, military, and avionics customers worldwide. The company operates through Network Enablement, Service Enablement, and Optical Security and Performance Products segments.

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Institutional Ownership by Quarter for Viavi Solutions (NASDAQ:VIAV)

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