Viavi Solutions Inc (VIAV) Position Increased by Metropolitan Life Insurance Co. NY

Metropolitan Life Insurance Co. NY raised its holdings in shares of Viavi Solutions Inc (NASDAQ:VIAV) by 359.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 73,365 shares of the communications equipment provider’s stock after purchasing an additional 57,411 shares during the quarter. Metropolitan Life Insurance Co. NY’s holdings in Viavi Solutions were worth $737,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in VIAV. Renaissance Technologies LLC lifted its holdings in shares of Viavi Solutions by 241.8% in the 3rd quarter. Renaissance Technologies LLC now owns 2,277,688 shares of the communications equipment provider’s stock worth $25,829,000 after acquiring an additional 1,611,342 shares during the last quarter. Toronado Partners LLC bought a new stake in shares of Viavi Solutions in the 4th quarter worth about $13,751,000. Oregon Public Employees Retirement Fund bought a new stake in shares of Viavi Solutions in the 4th quarter worth about $87,000. Westfield Capital Management Co. LP lifted its holdings in shares of Viavi Solutions by 69.6% in the 4th quarter. Westfield Capital Management Co. LP now owns 1,993,944 shares of the communications equipment provider’s stock worth $20,039,000 after acquiring an additional 818,549 shares during the last quarter. Finally, Picton Mahoney Asset Management bought a new stake in shares of Viavi Solutions in the 4th quarter worth about $7,684,000. Institutional investors and hedge funds own 92.87% of the company’s stock.

VIAV stock traded up $0.01 during trading on Wednesday, hitting $13.18. The company had a trading volume of 1,578,665 shares, compared to its average volume of 2,128,593. The company has a market capitalization of $3.00 billion, a PE ratio of 38.76 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. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.99 and a quick ratio of 2.70.

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, topping the Thomson Reuters’ consensus estimate of $0.16 by $0.06. The company had revenue of $298.40 million for the quarter, compared to the consensus estimate of $280.93 million. Viavi Solutions had a negative net margin of 3.76% and a positive return on equity of 15.82%. The firm’s revenue was up 47.9% compared to the same quarter last year. During the same quarter last year, the firm posted $0.09 EPS. Sell-side analysts forecast that Viavi Solutions Inc will post 0.55 EPS for the current fiscal year.

Several research firms have recently issued reports on VIAV. BidaskClub upgraded shares of Viavi Solutions from a “buy” rating to a “strong-buy” rating in a report on Wednesday, February 20th. JPMorgan Chase & Co. upgraded shares of Viavi Solutions from an “underweight” rating to a “neutral” rating and raised their target price for the stock from $12.00 to $13.00 in a report on Monday. Northland Securities began coverage on shares of Viavi Solutions in a report on Tuesday, February 12th. They issued an “outperform” rating and a $15.00 target price for the company. TheStreet upgraded shares of Viavi Solutions from a “c” rating to a “b-” rating in a report on Wednesday, February 6th. Finally, Rosenblatt Securities restated a “buy” rating and issued a $15.00 target price on shares of Viavi Solutions in a report on Sunday, February 10th. One research analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $12.99.

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

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Viavi Solutions 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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