Viavi Solutions Inc (VIAV) Holdings Trimmed by California Public Employees Retirement System

California Public Employees Retirement System decreased its position in Viavi Solutions Inc (NASDAQ:VIAV) by 1.5% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 608,992 shares of the communications equipment provider’s stock after selling 9,408 shares during the period. California Public Employees Retirement System owned about 0.27% of Viavi Solutions worth $5,761,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in VIAV. Vanguard Group Inc. increased its stake in shares of Viavi Solutions by 0.8% during the second quarter. Vanguard Group Inc. now owns 21,052,725 shares of the communications equipment provider’s stock worth $221,685,000 after purchasing an additional 158,549 shares in the last quarter. Capital Research Global Investors increased its stake in shares of Viavi Solutions by 2.2% during the second quarter. Capital Research Global Investors now owns 16,251,481 shares of the communications equipment provider’s stock worth $171,128,000 after purchasing an additional 352,207 shares in the last quarter. Renaissance Technologies LLC increased its stake in shares of Viavi Solutions by 36.1% during the second quarter. Renaissance Technologies LLC now owns 6,628,606 shares of the communications equipment provider’s stock worth $69,799,000 after purchasing an additional 1,756,862 shares in the last quarter. Teachers Advisors LLC increased its stake in shares of Viavi Solutions by 26.1% during the second quarter. Teachers Advisors LLC now owns 3,277,962 shares of the communications equipment provider’s stock worth $34,517,000 after purchasing an additional 677,531 shares in the last quarter. Finally, Northern Trust Corp increased its stake in shares of Viavi Solutions by 5.1% during the second quarter. Northern Trust Corp now owns 3,022,015 shares of the communications equipment provider’s stock worth $31,821,000 after purchasing an additional 147,950 shares in the last quarter. 92.40% of the stock is owned by institutional investors.

In related news, EVP Paul Mcnab sold 3,003 shares of the company’s stock in a transaction dated Wednesday, November 22nd. The shares were sold at an average price of $9.05, for a total transaction of $27,177.15. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Richard Belluzzo sold 10,000 shares of the company’s stock in a transaction dated Friday, October 13th. The shares were sold at an average price of $9.54, for a total transaction of $95,400.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 38,713 shares of company stock valued at $353,871. 0.59% of the stock is owned by corporate insiders.

VIAV has been the subject of a number of research reports. Needham & Company LLC reissued a “hold” rating on shares of Viavi Solutions in a research note on Thursday, October 12th. Stifel Nicolaus reissued a “hold” rating on shares of Viavi Solutions in a research note on Tuesday, October 24th. Zacks Investment Research cut shares of Viavi Solutions from a “hold” rating to a “sell” rating in a research note on Thursday, November 2nd. Finally, Rosenblatt Securities set a $13.00 target price on shares of Viavi Solutions and gave the stock a “buy” rating in a research note on Wednesday, December 13th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $12.50.

Shares of Viavi Solutions Inc (NASDAQ:VIAV) opened at $9.03 on Friday. The company has a market cap of $2,050.00, a PE ratio of 25.80, a PEG ratio of 1.47 and a beta of 1.90. The company has a debt-to-equity ratio of 0.47, a quick ratio of 2.10 and a current ratio of 2.20. Viavi Solutions Inc has a one year low of $8.21 and a one year high of $11.89.

Viavi Solutions (NASDAQ:VIAV) last announced its quarterly earnings data on Wednesday, November 1st. The communications equipment provider reported $0.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.05 by $0.06. Viavi Solutions had a net margin of 10.57% and a return on equity of 8.99%. The company had revenue of $195.20 million during the quarter, compared to analysts’ expectations of $183.89 million. During the same quarter in the prior year, the company earned $0.09 EPS. Viavi Solutions’s revenue was down 7.4% compared to the same quarter last year. research analysts forecast that Viavi Solutions Inc will post 0.31 EPS for the current fiscal year.

COPYRIGHT VIOLATION NOTICE: “Viavi Solutions Inc (VIAV) Holdings Trimmed by California Public Employees Retirement System” was first reported by Chaffey Breeze and is the sole property of of Chaffey Breeze. If you are viewing this report on another site, it was illegally copied and reposted in violation of United States and international copyright and trademark law. The legal version of this report can be read at https://www.chaffeybreeze.com/2018/01/06/viavi-solutions-inc-viav-holdings-trimmed-by-california-public-employees-retirement-system.html.

Viavi Solutions Company Profile

Viavi Solutions Inc (Viavi) is a provider of network test, monitoring and assurance solutions to communications service providers, enterprises and their ecosystems. The Company also offers thin film optical coatings, providing light management solutions to anti-counterfeiting, consumer and industrial, government and healthcare and other markets.

Want to see what other hedge funds are holding VIAV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Viavi Solutions Inc (NASDAQ:VIAV).

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

Receive News & Ratings for Viavi Solutions Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Viavi Solutions and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply