Viavi Solutions Inc. (NASDAQ:VIAV) Shares Acquired by Great West Life Assurance Co. Can

Great West Life Assurance Co. Can grew its position in Viavi Solutions Inc. (NASDAQ:VIAVGet Rating) by 12.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 252,444 shares of the communications equipment provider’s stock after purchasing an additional 28,492 shares during the quarter. Great West Life Assurance Co. Can owned approximately 0.11% of Viavi Solutions worth $3,292,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. CWM LLC raised its stake in Viavi Solutions by 25.9% during the 3rd quarter. CWM LLC now owns 3,660 shares of the communications equipment provider’s stock worth $48,000 after acquiring an additional 754 shares in the last quarter. Nisa Investment Advisors LLC raised its stake in Viavi Solutions by 37.2% during the 2nd quarter. Nisa Investment Advisors LLC now owns 4,584 shares of the communications equipment provider’s stock worth $61,000 after acquiring an additional 1,244 shares in the last quarter. US Bancorp DE raised its stake in Viavi Solutions by 36.6% during the 2nd quarter. US Bancorp DE now owns 6,686 shares of the communications equipment provider’s stock worth $88,000 after acquiring an additional 1,793 shares in the last quarter. Vanguard Personalized Indexing Management LLC acquired a new stake in Viavi Solutions during the 2nd quarter worth $140,000. Finally, Xponance Inc. raised its stake in Viavi Solutions by 11.3% during the 2nd quarter. Xponance Inc. now owns 13,804 shares of the communications equipment provider’s stock worth $182,000 after acquiring an additional 1,401 shares in the last quarter. 90.87% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. Rosenblatt Securities assumed coverage on shares of Viavi Solutions in a research note on Wednesday, October 5th. They set a “buy” rating and a $18.00 price target on the stock. StockNews.com raised shares of Viavi Solutions from a “hold” rating to a “buy” rating in a research report on Friday, January 20th. JPMorgan Chase & Co. lowered their price objective on shares of Viavi Solutions from $13.00 to $11.00 and set a “neutral” rating on the stock in a research report on Tuesday, December 20th. B. Riley downgraded shares of Viavi Solutions from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $21.00 to $14.50 in a research report on Friday, November 4th. Finally, Stifel Nicolaus began coverage on shares of Viavi Solutions in a research report on Thursday, December 1st. They set a “hold” rating and a $12.00 price objective on the stock. Five research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, Viavi Solutions presently has a consensus rating of “Hold” and a consensus price target of $14.93.

Insider Buying and Selling

In related news, CEO Oleg Khaykin sold 20,357 shares of the business’s stock in a transaction dated Monday, November 28th. The shares were sold at an average price of $10.98, for a total transaction of $223,519.86. Following the sale, the chief executive officer now owns 992,726 shares of the company’s stock, valued at $10,900,131.48. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Over the last 90 days, insiders have sold 72,804 shares of company stock valued at $803,713. Corporate insiders own 1.57% of the company’s stock.

Viavi Solutions Stock Down 1.9 %

Shares of NASDAQ:VIAV opened at $11.09 on Wednesday. The company has a market cap of $2.51 billion, a price-to-earnings ratio of 25.79 and a beta of 0.75. The firm’s 50-day simple moving average is $10.82 and its 200-day simple moving average is $12.87. The company has a quick ratio of 2.52, a current ratio of 2.85 and a debt-to-equity ratio of 0.95. Viavi Solutions Inc. has a fifty-two week low of $9.99 and a fifty-two week high of $17.43.

Viavi Solutions (NASDAQ:VIAVGet Rating) last issued its earnings results on Thursday, November 3rd. The communications equipment provider reported $0.17 earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.01). The firm had revenue of $310.20 million during the quarter, compared to analysts’ expectations of $325.65 million. Viavi Solutions had a net margin of 8.07% and a return on equity of 24.73%. As a group, equities research analysts predict that Viavi Solutions Inc. will post 0.4 earnings per share for the current year.

About Viavi Solutions

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

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Institutional Ownership by Quarter for Viavi Solutions (NASDAQ:VIAV)

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