Thompson Investment Management Inc. Sells 13,626 Shares of Viavi Solutions Inc. (NASDAQ:VIAV)

Thompson Investment Management Inc. trimmed its position in Viavi Solutions Inc. (NASDAQ:VIAV) by 2.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 495,377 shares of the communications equipment provider’s stock after selling 13,626 shares during the period. Thompson Investment Management Inc.’s holdings in Viavi Solutions were worth $5,003,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Gagnon Securities LLC increased its position in Viavi Solutions by 23.1% in the 4th quarter. Gagnon Securities LLC now owns 23,949 shares of the communications equipment provider’s stock valued at $242,000 after buying an additional 4,491 shares in the last quarter. Tributary Capital Management LLC increased its holdings in Viavi Solutions by 14.5% during the 4th quarter. Tributary Capital Management LLC now owns 1,277,654 shares of the communications equipment provider’s stock worth $12,904,000 after purchasing an additional 161,532 shares in the last quarter. SG Americas Securities LLC increased its holdings in Viavi Solutions by 209.4% during the 4th quarter. SG Americas Securities LLC now owns 34,693 shares of the communications equipment provider’s stock worth $350,000 after purchasing an additional 23,479 shares in the last quarter. Park Avenue Securities LLC increased its holdings in Viavi Solutions by 15.4% during the 4th quarter. Park Avenue Securities LLC now owns 13,442 shares of the communications equipment provider’s stock worth $136,000 after purchasing an additional 1,792 shares in the last quarter. Finally, Moody National Bank Trust Division bought a new stake in Viavi Solutions during the 4th quarter worth approximately $651,000. 95.54% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have commented on VIAV. Rosenblatt Securities boosted their price objective on Viavi Solutions from $8.25 to $10.50 and gave the stock a “neutral” rating in a report on Friday, November 1st. Stifel Nicolaus restated a “buy” rating and issued a $13.00 target price (up previously from $12.00) on shares of Viavi Solutions in a research note on Friday, January 31st. B. Riley boosted their target price on Viavi Solutions from $10.00 to $12.00 and gave the stock a “neutral” rating in a research note on Friday, January 31st. UBS Group boosted their target price on Viavi Solutions from $10.60 to $11.50 and gave the stock a “neutral” rating in a research note on Friday, January 31st. Finally, Needham & Company LLC upgraded Viavi Solutions from a “hold” rating to a “buy” rating and set a $15.00 target price on the stock in a research note on Friday, January 31st. One investment analyst has rated the stock with a sell rating, four have given a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $12.33.

Insider Buying and Selling

In other Viavi Solutions 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 transaction of $300,300.00. Following the completion of the sale, 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 position. The transaction was disclosed in a document filed with the SEC, which is available through 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 sale, the senior vice president now owns 54,517 shares of the company’s stock, valued at approximately $568,612.31. This represents a 4.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 47,802 shares of company stock worth $481,625. 1.52% of the stock is owned by corporate insiders.

Viavi Solutions Price Performance

Shares of NASDAQ:VIAV opened at $12.46 on Friday. Viavi Solutions Inc. has a 1-year low of $6.60 and a 1-year high of $12.91. The company has a debt-to-equity ratio of 0.94, a quick ratio of 3.18 and a current ratio of 3.55. The business has a fifty day moving average price of $10.55 and a 200-day moving average price of $9.42.

Viavi Solutions Company Profile

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.