Macquarie Group Ltd. Buys 14,500 Shares of Viavi Solutions Inc (VIAV)

Macquarie Group Ltd. raised its stake in Viavi Solutions Inc (NASDAQ:VIAV) by 0.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,837,657 shares of the communications equipment provider’s stock after purchasing an additional 14,500 shares during the period. Macquarie Group Ltd. owned 1.24% of Viavi Solutions worth $28,518,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in VIAV. Vanguard Group Inc. lifted its holdings in Viavi Solutions by 1.8% in the third quarter. Vanguard Group Inc. now owns 23,357,949 shares of the communications equipment provider’s stock valued at $264,879,000 after acquiring an additional 418,120 shares during the period. Vanguard Group Inc lifted its holdings in Viavi Solutions by 1.8% in the third quarter. Vanguard Group Inc now owns 23,357,949 shares of the communications equipment provider’s stock valued at $264,879,000 after acquiring an additional 418,120 shares during the period. Dorsal Capital Management LLC increased its position in shares of Viavi Solutions by 1.1% in the third quarter. Dorsal Capital Management LLC now owns 4,800,000 shares of the communications equipment provider’s stock valued at $54,432,000 after buying an additional 50,000 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Viavi Solutions by 6.8% in the third quarter. Dimensional Fund Advisors LP now owns 4,165,036 shares of the communications equipment provider’s stock valued at $47,231,000 after buying an additional 264,230 shares in the last quarter. Finally, Clearbridge Investments LLC increased its position in shares of Viavi Solutions by 1.3% in the third quarter. Clearbridge Investments LLC now owns 2,822,461 shares of the communications equipment provider’s stock valued at $32,007,000 after buying an additional 37,478 shares in the last quarter. Institutional investors own 92.87% of the company’s stock.

A number of research analysts have recently weighed in on VIAV shares. BidaskClub upgraded Viavi Solutions from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, January 15th. Rosenblatt Securities restated a “buy” rating and issued a $15.00 price target on shares of Viavi Solutions in a research report on Sunday, February 10th. Northland Securities started coverage on Viavi Solutions in a research report on Tuesday, February 12th. They issued an “outperform” rating and a $15.00 price target for the company. TheStreet upgraded Viavi Solutions from a “c” rating to a “b-” rating in a research report on Wednesday, February 6th. Finally, ValuEngine upgraded Viavi Solutions from a “hold” rating to a “buy” rating in a research report on Monday, February 4th. One analyst has rated the stock with a sell rating and eleven have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $12.88.

In other news, SVP Luke M. Scrivanich sold 4,810 shares of Viavi Solutions stock in a transaction dated Friday, February 22nd. The stock was sold at an average price of $13.29, for a total value of $63,924.90. Following the transaction, the senior vice president now directly owns 45,456 shares of the company’s stock, valued at approximately $604,110.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders sold a total of 6,915 shares of company stock worth $91,685 over the last ninety days. Corporate insiders own 0.50% of the company’s stock.

VIAV traded down $0.13 during midday trading on Friday, hitting $12.69. The company’s stock had a trading volume of 1,728,032 shares, compared to its average volume of 1,680,049. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.99 and a quick ratio of 2.70. The stock has a market capitalization of $2.89 billion, a price-to-earnings ratio of 37.32 and a beta of 0.88. Viavi Solutions Inc has a 52-week low of $9.11 and a 52-week high of $13.48.

Viavi Solutions (NASDAQ:VIAV) last posted its quarterly earnings results on Tuesday, February 5th. The communications equipment provider reported $0.22 EPS for the quarter, beating the consensus estimate of $0.16 by $0.06. The company had revenue of $298.40 million during the quarter, compared to analysts’ expectations of $280.93 million. Viavi Solutions had a positive return on equity of 15.82% and a negative net margin of 3.76%. The firm’s revenue was up 47.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.09 EPS. Equities research analysts anticipate that Viavi Solutions Inc will post 0.55 earnings per share for the current year.

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About Viavi Solutions

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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