1 week Ago By ABMN Staff
Barclays PLC reduced its holdings in Viavi Solutions Inc. ( NASDAQ:VIAV – Free Report ) by 24.8% during the 4th quarter, Holdings Channel reports.
The fund owned 404,944 shares of the communications equipment provider’s stock after selling 133,317 shares during the quarter. Barclays PLC’s holdings in Viavi Solutions were worth $4,090,000 at the end of the most recent reporting period. Several other institutional investors and hedge funds have also modified their holdings of the business.
Picton Mahoney Asset Management boosted its stake in 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 worth $32,000 after purchasing an additional 833 shares in the last quarter.
Sterling Capital Management LLC lifted its position in Viavi Solutions by 804.6% during the 4th 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 bought a new stake in Viavi Solutions during the 4th quarter worth about $75,000. Smartleaf Asset Management LLC increased its position in Viavi Solutions by 836.2% in the 4th quarter.
Smartleaf Asset Management LLC now owns 8,323 shares of the communications equipment provider’s stock valued at $84,000 after acquiring an additional 7,434 shares in the last quarter. Finally, Retirement Solution LLC bought a new position in shares of Viavi Solutions in the fourth quarter worth about $105,000. 95.
54% of the stock is owned by institutional investors and hedge funds. Viavi Solutions Stock Up 2.0 % Viavi Solutions stock opened at $10.
51 on Monday. The firm has a market capitalization of $2.33 billion, a price-to-earnings ratio of -58.
39 and a beta of 0.89. The company’s 50 day simple moving average is $10.
77 and its 200 day simple moving average is $10.50. The company has a debt-to-equity ratio of 0.
94, a current ratio of 3.55 and a quick ratio of 3.18.
Viavi Solutions Inc. has a fifty-two week low of $6.60 and a fifty-two week high of $12.
91. Insiders Place Their Bets Analysts Set New Price Targets A number of analysts recently weighed in on the stock. UBS Group raised their price target on shares of Viavi Solutions from $10.
60 to $11.50 and gave the company a “neutral” rating in a report on Friday, January 31st. Northland Securities restated an “outperform” rating and set a $14.
00 target price (up previously from $13.00) on shares of Viavi Solutions in a research report on Friday, January 31st. Argus raised their price target on Viavi Solutions from $13.
00 to $16.00 and gave the company a “buy” rating in a report on Wednesday, February 5th. Needham & Company LLC raised Viavi Solutions from a “hold” rating to a “buy” rating and set a $15.
00 price objective for the company in a report on Friday, January 31st. Finally, Morgan Stanley cut their target price on shares of Viavi Solutions from $10.00 to $8.
00 and set an “underweight” rating on the stock in a research report on Tuesday, April 8th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, Viavi Solutions presently has an average rating of “Moderate Buy” and an average price target of $12.
28. Read Our Latest Stock Analysis on VIAV Viavi Solutions Profile ( Free Report ) 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.
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