Teacher Retirement System of Texas Sells 4,829 Shares of Viavi Solutions Inc. (NASDAQ:VIAV)

Teacher Retirement System of Texas reduced its position in shares of Viavi Solutions Inc. (NASDAQ:VIAVFree Report) by 18.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 21,395 shares of the communications equipment provider’s stock after selling 4,829 shares during the period. Teacher Retirement System of Texas’ holdings in Viavi Solutions were worth $215,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in VIAV. Victory Capital Management Inc. raised its position in Viavi Solutions by 20.9% in the third quarter. Victory Capital Management Inc. now owns 112,341 shares of the communications equipment provider’s stock worth $1,027,000 after acquiring an additional 19,456 shares during the period. Assenagon Asset Management S.A. bought a new stake in shares of Viavi Solutions in the third quarter valued at approximately $1,911,000. Jump Financial LLC bought a new stake in shares of Viavi Solutions in the third quarter valued at approximately $349,000. Fox Run Management L.L.C. bought a new stake in shares of Viavi Solutions in the third quarter valued at approximately $171,000. Finally, First Eagle Investment Management LLC bought a new stake in shares of Viavi Solutions in the third quarter valued at approximately $3,067,000. 95.54% of the stock is owned by institutional investors.

Viavi Solutions Price Performance

Shares of Viavi Solutions stock opened at $7.39 on Friday. Viavi Solutions Inc. has a 52-week low of $7.10 and a 52-week high of $11.65. The stock has a market capitalization of $1.65 billion, a price-to-earnings ratio of -369.50 and a beta of 0.97. The company has a fifty day moving average of $8.19 and a 200-day moving average of $9.01. The company has a debt-to-equity ratio of 0.90, a quick ratio of 3.35 and a current ratio of 3.81.

Viavi Solutions (NASDAQ:VIAVGet Free Report) last announced its quarterly earnings data on Thursday, May 2nd. The communications equipment provider reported $0.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.01). The business had revenue of $246.00 million during the quarter, compared to analysts’ expectations of $249.08 million. Viavi Solutions had a negative net margin of 0.42% and a positive return on equity of 4.65%. Viavi Solutions’s revenue for the quarter was down .7% on a year-over-year basis. During the same period last year, the company posted $0.02 EPS. Equities research analysts expect that Viavi Solutions Inc. will post 0.12 EPS for the current year.

Insider Buying and Selling at Viavi Solutions

In other Viavi Solutions news, SVP Kevin Christopher Siebert sold 13,967 shares of the stock in a transaction on Monday, March 11th. The shares were sold at an average price of $10.70, for a total transaction of $149,446.90. Following the completion of the sale, the senior vice president now owns 47,097 shares of the company’s stock, valued at approximately $503,937.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other Viavi Solutions news, SVP Kevin Christopher Siebert sold 13,967 shares of the company’s stock in a transaction on Monday, March 11th. The shares were sold at an average price of $10.70, for a total value of $149,446.90. Following the completion of the transaction, the senior vice president now directly owns 47,097 shares in the company, valued at approximately $503,937.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Paul Mcnab sold 4,762 shares of the company’s stock in a transaction on Friday, May 10th. The stock was sold at an average price of $7.35, for a total transaction of $35,000.70. Following the completion of the transaction, the executive vice president now owns 49,777 shares of the company’s stock, valued at $365,860.95. The disclosure for this sale can be found here. Insiders sold 43,956 shares of company stock valued at $418,759 in the last quarter. Company insiders own 1.80% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently issued reports on VIAV shares. Rosenblatt Securities lowered their price target on shares of Viavi Solutions from $13.00 to $10.00 and set a “buy” rating on the stock in a research report on Friday, May 3rd. Northland Securities boosted their price target on shares of Viavi Solutions from $12.00 to $17.00 and gave the company an “outperform” rating in a research report on Wednesday, March 6th. StockNews.com raised shares of Viavi Solutions from a “hold” rating to a “buy” rating in a report on Friday, April 12th. Morgan Stanley upped their target price on shares of Viavi Solutions from $9.00 to $11.00 and gave the stock an “equal weight” rating in a report on Wednesday, March 6th. Finally, Susquehanna lowered shares of Viavi Solutions from a “positive” rating to a “neutral” rating and set a $9.00 target price on the stock. in a report on Friday, May 3rd. Three research analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $12.00.

View Our Latest Stock Report on VIAV

About Viavi Solutions

(Free Report)

Viavi Solutions Inc provides network test, monitoring, and assurance solutions for communications service providers, hyperscalers, 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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