WINTON GROUP Ltd Takes Position in Viavi Solutions Inc. (NASDAQ:VIAV)

WINTON GROUP Ltd acquired a new position in shares of Viavi Solutions Inc. (NASDAQ:VIAV) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 44,004 shares of the communications equipment provider’s stock, valued at approximately $444,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Intech Investment Management LLC boosted its position in shares of Viavi Solutions by 132.0% during the third quarter. Intech Investment Management LLC now owns 68,107 shares of the communications equipment provider’s stock worth $614,000 after buying an additional 38,747 shares during the period. Charles Schwab Investment Management Inc. grew its position in Viavi Solutions by 7.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,194,959 shares of the communications equipment provider’s stock valued at $28,819,000 after acquiring an additional 217,399 shares in the last quarter. Algert Global LLC increased its stake in Viavi Solutions by 118.1% during the third quarter. Algert Global LLC now owns 48,933 shares of the communications equipment provider’s stock worth $441,000 after purchasing an additional 26,500 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Viavi Solutions by 7.4% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 58,761 shares of the communications equipment provider’s stock worth $530,000 after purchasing an additional 4,043 shares in the last quarter. Finally, Edgestream Partners L.P. boosted its stake in shares of Viavi Solutions by 100.2% in the third quarter. Edgestream Partners L.P. now owns 330,313 shares of the communications equipment provider’s stock valued at $2,979,000 after purchasing an additional 165,339 shares during the period. Institutional investors and hedge funds own 95.54% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on VIAV. Rosenblatt Securities upgraded shares of Viavi Solutions from a “neutral” rating to a “buy” rating and set a $14.00 target price on the stock in a report on Friday, March 7th. StockNews.com lowered Viavi Solutions from a “strong-buy” rating to a “buy” rating in a report on Tuesday, March 18th. Needham & Company LLC raised Viavi Solutions from a “hold” rating to a “buy” rating and set a $15.00 target price for the company in a research note on Friday, January 31st. UBS Group increased their price target on Viavi Solutions from $10.60 to $11.50 and gave the company a “neutral” rating in a research report on Friday, January 31st. Finally, Argus boosted their price objective on Viavi Solutions from $13.00 to $16.00 and gave the stock a “buy” rating in a research report on Wednesday, February 5th. One analyst has rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, Viavi Solutions currently has a consensus rating of “Moderate Buy” and a consensus price target of $12.72.

Viavi Solutions Price Performance

Shares of NASDAQ VIAV opened at $11.26 on Monday. The stock’s 50-day simple moving average is $11.35 and its 200-day simple moving average is $10.30. The firm has a market capitalization of $2.50 billion, a PE ratio of -62.55 and a beta of 0.94. Viavi Solutions Inc. has a fifty-two week low of $6.60 and a fifty-two week high of $12.91. The company has a debt-to-equity ratio of 0.94, a quick ratio of 3.18 and a current ratio of 3.55.

Insider Buying and Selling at Viavi Solutions

In related news, Director Masood Jabbar sold 30,000 shares of the stock in a transaction on Tuesday, January 14th. The shares were sold at an average price of $10.01, for a total value of $300,300.00. Following the transaction, the director now directly owns 180,333 shares of the company’s stock, valued at $1,805,133.33. This trade represents a 14.26 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP James L. Veler, Jr. sold 13,807 shares of Viavi Solutions stock in a transaction on Friday, March 7th. The stock was sold at an average price of $10.86, for a total transaction of $149,944.02. The disclosure for this sale can be found here. Insiders have sold 67,164 shares of company stock worth $711,422 over the last three months. Insiders own 1.52% of the company’s stock.

Viavi Solutions 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.