Dimensional Fund Advisors LP raised its position in Viavi Solutions Inc. (NASDAQ:VIAV) by 24.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,619,371 shares of the company’s stock after buying an additional 1,288,157 shares during the period. Dimensional Fund Advisors LP owned approximately 2.85% of Viavi Solutions worth $43,886,000 as of its most recent SEC filing.
Several other institutional investors have also added to or reduced their stakes in the company. Legal & General Group Plc raised its position in Viavi Solutions by 76.6% in the first quarter. Legal & General Group Plc now owns 15,565 shares of the company’s stock worth $107,000 after buying an additional 6,749 shares during the period. Los Angeles Capital Management & Equity Research Inc. acquired a new position in Viavi Solutions during the second quarter worth $130,000. Alambic Investment Management L.P. acquired a new position in Viavi Solutions during the second quarter worth $160,000. BlackRock Inc. acquired a new position in Viavi Solutions during the first quarter worth $202,000. Finally, Teacher Retirement System of Texas raised its position in Viavi Solutions by 11.3% in the second quarter. Teacher Retirement System of Texas now owns 32,487 shares of the company’s stock worth $215,000 after buying an additional 3,297 shares during the period. 87.32% of the stock is owned by hedge funds and other institutional investors.
Shares of Viavi Solutions Inc. (NASDAQ:VIAV) opened at 7.28 on Friday. Viavi Solutions Inc. has a 12 month low of $4.68 and a 12 month high of $7.93. The firm’s 50-day moving average price is $7.51 and its 200-day moving average price is $7.01. The stock’s market capitalization is $1.69 billion.
Viavi Solutions (NASDAQ:VIAV) last announced its quarterly earnings results on Thursday, August 11th. The company reported $0.10 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.09 by $0.01. Viavi Solutions had a positive return on equity of 6.67% and a negative net margin of 10.95%. The firm earned $224.10 million during the quarter, compared to analyst estimates of $220.39 million. During the same quarter in the previous year, the business earned $0.13 EPS. Viavi Solutions’s revenue for the quarter was up 1.8% compared to the same quarter last year. On average, equities research analysts forecast that Viavi Solutions Inc. will post $0.35 EPS for the current year.
A number of equities analysts have recently weighed in on the company. Zacks Investment Research lowered Viavi Solutions from a “buy” rating to a “hold” rating in a research note on Saturday, September 10th. Needham & Company LLC reissued a “hold” rating on shares of Viavi Solutions in a research note on Tuesday, September 20th. B. Riley reissued a “neutral” rating and set a $6.75 price target on shares of Viavi Solutions in a research note on Wednesday, August 10th. MKM Partners reissued a “buy” rating and set a $8.50 price target on shares of Viavi Solutions in a research note on Monday, September 19th. Finally, Morgan Stanley reissued a “hold” rating and set a $6.00 price target on shares of Viavi Solutions in a research note on Friday, August 12th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $7.88.
In related news, SVP Ralph Rondinone sold 10,573 shares of Viavi Solutions stock in a transaction dated Wednesday, August 17th. The stock was sold at an average price of $7.59, for a total value of $80,249.07. Following the sale, the senior vice president now directly owns 15,664 shares in the company, valued at approximately $118,889.76. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Paul Mcnab sold 36,690 shares of Viavi Solutions stock in a transaction dated Monday, September 19th. The stock was sold at an average price of $7.40, for a total value of $271,506.00. Following the completion of the sale, the executive vice president now owns 27,936 shares in the company, valued at $206,726.40. The disclosure for this sale can be found here. 0.35% of the stock is owned by corporate insiders.
Viavi Solutions Company Profile
Viavi Solutions Inc, formerly JDS Uniphase Corporation, is a provider of network and service enablement solutions and optical products for telecommunications service providers, wireless operators, cable operators, network-equipment manufacturers (NEMs) and enterprises. The Company operates in three business segments: Network and Service Enablement (NSE), Communications and Commercial Optical Products (CCOP), and Optical Security and Performance Products (OSP).
Receive News & Ratings for Viavi Solutions Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Viavi Solutions Inc. and related companies with MarketBeat.com's FREE daily email newsletter.