Leeward Investments LLC MA Purchases 249,554 Shares of Viavi Solutions Inc. (NASDAQ:VIAV)

Leeward Investments LLC MA increased its holdings in shares of Viavi Solutions Inc. (NASDAQ:VIAV) by 17.1% in the third quarter, Holdings Channel.com reports. The firm owned 1,705,653 shares of the communications equipment provider’s stock after purchasing an additional 249,554 shares during the quarter. Leeward Investments LLC MA’s holdings in Viavi Solutions were worth $15,385,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in Viavi Solutions by 1.4% in the 1st quarter. Vanguard Group Inc. now owns 29,148,414 shares of the communications equipment provider’s stock valued at $264,959,000 after buying an additional 408,484 shares during the last quarter. Capital World Investors raised its position in shares of Viavi Solutions by 305.4% in the first quarter. Capital World Investors now owns 12,161,535 shares of the communications equipment provider’s stock valued at $110,548,000 after purchasing an additional 9,161,535 shares during the period. Westwood Holdings Group Inc. raised its holdings in Viavi Solutions by 9.2% in the 2nd quarter. Westwood Holdings Group Inc. now owns 7,203,703 shares of the communications equipment provider’s stock valued at $49,489,000 after acquiring an additional 606,522 shares during the period. Dimensional Fund Advisors LP lifted its position in Viavi Solutions by 12.8% during the second quarter. Dimensional Fund Advisors LP now owns 5,818,337 shares of the communications equipment provider’s stock worth $39,972,000 after acquiring an additional 661,450 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its stake in shares of Viavi Solutions by 65.2% during the second quarter. Bank of New York Mellon Corp now owns 3,290,197 shares of the communications equipment provider’s stock worth $22,604,000 after purchasing an additional 1,298,394 shares during the period. 95.54% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Viavi Solutions

In other Viavi Solutions news, EVP Paul Mcnab sold 7,324 shares of the stock in a transaction that occurred on Tuesday, August 13th. The stock was sold at an average price of $7.52, for a total value of $55,076.48. Following the transaction, the executive vice president now owns 35,631 shares in the company, valued at approximately $267,945.12. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, Director Masood Jabbar sold 15,000 shares of the stock in a transaction that occurred on Monday, October 14th. The stock was sold at an average price of $9.17, for a total value of $137,550.00. Following the completion of the sale, the director now directly owns 213,514 shares of the company’s stock, valued at $1,957,923.38. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Paul Mcnab sold 7,324 shares of the company’s stock in a transaction on Tuesday, August 13th. The stock was sold at an average price of $7.52, for a total value of $55,076.48. Following the sale, the executive vice president now owns 35,631 shares of the company’s stock, valued at $267,945.12. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 85,976 shares of company stock valued at $720,562 in the last three months. Corporate insiders own 1.52% of the company’s stock.

Viavi Solutions Stock Performance

NASDAQ:VIAV opened at $10.23 on Thursday. The company has a quick ratio of 3.31, a current ratio of 3.71 and a debt-to-equity ratio of 0.91. Viavi Solutions Inc. has a twelve month low of $6.60 and a twelve month high of $11.32. The company has a fifty day moving average of $8.89 and a 200-day moving average of $8.05. The firm has a market capitalization of $2.27 billion, a P/E ratio of -60.17 and a beta of 0.90.

Viavi Solutions (NASDAQ:VIAV) last posted its quarterly earnings results on Thursday, October 31st. The communications equipment provider reported $0.06 earnings per share for the quarter, meeting the consensus estimate of $0.06. Viavi Solutions had a negative net margin of 3.78% and a positive return on equity of 2.22%. The firm had revenue of $238.20 million during the quarter, compared to the consensus estimate of $240.09 million. During the same period in the previous year, the firm posted $0.05 earnings per share. The business’s revenue was down 3.9% compared to the same quarter last year. As a group, sell-side analysts anticipate that Viavi Solutions Inc. will post 0.17 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on VIAV shares. Needham & Company LLC reissued a “hold” rating on shares of Viavi Solutions in a research report on Friday, November 1st. Rosenblatt Securities increased their price target on Viavi Solutions from $8.25 to $10.50 and gave the company a “neutral” rating in a research note on Friday, November 1st. Northland Securities boosted their price objective on Viavi Solutions from $11.00 to $13.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. B. Riley cut their price target on Viavi Solutions from $9.00 to $8.50 and set a “neutral” rating on the stock in a research note on Friday, August 9th. Finally, StockNews.com downgraded Viavi Solutions from a “buy” rating to a “hold” rating in a research note on Monday. Six investment analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $10.42.

About Viavi Solutions

Viavi Solutions Inc provides network test, monitoring, and assurance solutions for communications service providers, hyperscalers, network equipment manufacturers, original equipment manufacturers, government, and avionics customers in the Americas, the Asia-Pacific, Europe, the Middle East, and Africa.