Leeward Investments LLC MA Sells 119,107 Shares of Viavi Solutions Inc. (NASDAQ:VIAV)

Leeward Investments LLC MA cut its holdings in Viavi Solutions Inc. (NASDAQ:VIAV) by 7.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,586,546 shares of the communications equipment provider’s stock after selling 119,107 shares during the period. Leeward Investments LLC MA owned approximately 0.72% of Viavi Solutions worth $16,024,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the business. Sanctuary Advisors LLC boosted its holdings in Viavi Solutions by 8.1% in the fourth quarter. Sanctuary Advisors LLC now owns 17,226 shares of the communications equipment provider’s stock worth $172,000 after purchasing an additional 1,288 shares in the last quarter. Park Avenue Securities LLC lifted its position in Viavi Solutions by 15.4% during the 4th quarter. Park Avenue Securities LLC now owns 13,442 shares of the communications equipment provider’s stock worth $136,000 after acquiring an additional 1,792 shares during the last quarter. Harbor Capital Advisors Inc. lifted its position in Viavi Solutions by 5.5% during the 4th quarter. Harbor Capital Advisors Inc. now owns 43,732 shares of the communications equipment provider’s stock worth $442,000 after acquiring an additional 2,277 shares during the last quarter. Capital Performance Advisors LLP acquired a new position in Viavi Solutions during the 3rd quarter worth $25,000. Finally, KBC Group NV lifted its position in Viavi Solutions by 53.0% during the 3rd quarter. KBC Group NV now owns 9,388 shares of the communications equipment provider’s stock worth $85,000 after acquiring an additional 3,252 shares during the last quarter. 95.54% of the stock is currently owned by institutional investors.

Viavi Solutions Stock Performance

NASDAQ:VIAV opened at $11.60 on Friday. Viavi Solutions Inc. has a 12-month low of $6.60 and a 12-month high of $12.91. The company has a quick ratio of 3.18, a current ratio of 3.55 and a debt-to-equity ratio of 0.94. The firm has a market capitalization of $2.58 billion, a PE ratio of -64.44 and a beta of 0.92. The firm has a 50-day moving average price of $10.87 and a 200 day moving average price of $9.74.

Wall Street Analyst Weigh In

A number of research firms have weighed in on VIAV. UBS Group boosted their target price on shares of Viavi Solutions from $10.60 to $11.50 and gave the stock a “neutral” rating in a research report on Friday, January 31st. Stifel Nicolaus reissued a “buy” rating and set a $13.00 target price (up previously from $12.00) on shares of Viavi Solutions in a research report on Friday, January 31st. StockNews.com raised shares of Viavi Solutions from a “buy” rating to a “strong-buy” rating in a research report on Monday, February 3rd. Rosenblatt Securities upped their price objective on shares of Viavi Solutions from $8.25 to $10.50 and gave the company a “neutral” rating in a research report on Friday, November 1st. Finally, Morgan Stanley upped their price objective on shares of Viavi Solutions from $9.50 to $10.00 and gave the company an “underweight” rating in a research report on Friday, January 31st. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Viavi Solutions presently has an average rating of “Moderate Buy” and an average price target of $12.33.

Insider Buying and Selling

In related news, Director Masood Jabbar sold 30,000 shares of the stock in a transaction dated Tuesday, January 14th. The shares were sold at an average price of $10.01, for a total value of $300,300.00. Following the completion of the transaction, the director now owns 180,333 shares of the company’s stock, valued at $1,805,133.33. This represents a 14.26 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Luke M. Scrivanich sold 2,802 shares of the company’s stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $10.43, for a total transaction of $29,224.86. Following the sale, the senior vice president now directly owns 54,517 shares in the company, valued at $568,612.31. This represents a 4.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.52% of the company’s stock.

Viavi Solutions Company Profile

Viavi Solutions, Inc engages in the provision of network test, monitoring, and assurance solutions for communications service providers, enterprises, network equipment manufacturers, government and avionics. It operates through the following segments: Network Enablement, Service Enablement, and Optical Security and Performance.