Viavi Solutions Inc (VIAV) Shares Bought by Metropolitan Life Insurance Co. NY

Metropolitan Life Insurance Co. NY grew its position in shares of Viavi Solutions Inc (NASDAQ:VIAV) by 7.2% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 73,365 shares of the communications equipment provider’s stock after acquiring an additional 4,958 shares during the quarter. Metropolitan Life Insurance Co. NY’s holdings in Viavi Solutions were worth $751,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the business. SG Americas Securities LLC increased its stake in Viavi Solutions by 17.4% during the second quarter. SG Americas Securities LLC now owns 37,173 shares of the communications equipment provider’s stock worth $381,000 after acquiring an additional 5,505 shares during the last quarter. US Bancorp DE increased its stake in Viavi Solutions by 49.5% during the first quarter. US Bancorp DE now owns 18,254 shares of the communications equipment provider’s stock worth $177,000 after acquiring an additional 6,040 shares during the last quarter. Macquarie Group Ltd. increased its stake in Viavi Solutions by 0.3% during the second quarter. Macquarie Group Ltd. now owns 2,786,563 shares of the communications equipment provider’s stock worth $28,534,000 after acquiring an additional 7,114 shares during the last quarter. Rhumbline Advisers increased its stake in Viavi Solutions by 1.5% during the second quarter. Rhumbline Advisers now owns 576,349 shares of the communications equipment provider’s stock worth $5,902,000 after acquiring an additional 8,722 shares during the last quarter. Finally, Profund Advisors LLC increased its stake in Viavi Solutions by 26.0% during the first quarter. Profund Advisors LLC now owns 47,223 shares of the communications equipment provider’s stock worth $459,000 after acquiring an additional 9,735 shares during the last quarter. Institutional investors own 91.01% of the company’s stock.

VIAV has been the subject of several research analyst reports. ValuEngine upgraded Viavi Solutions from a “sell” rating to a “hold” rating in a research note on Thursday, August 2nd. William Blair restated a “buy” rating on shares of Viavi Solutions in a research note on Friday, June 15th. Deutsche Bank assumed coverage on Viavi Solutions in a research note on Thursday, June 7th. They set a “hold” rating and a $10.50 price target for the company. BidaskClub upgraded Viavi Solutions from a “hold” rating to a “buy” rating in a research note on Thursday, June 28th. Finally, Needham & Company LLC upgraded Viavi Solutions from a “hold” rating to a “buy” rating and set a $13.50 target price for the company in a research note on Monday, August 13th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have given a buy rating to the company. Viavi Solutions has a consensus rating of “Buy” and a consensus target price of $11.29.

In other news, SVP Ralph Rondinone sold 4,949 shares of the stock in a transaction dated Thursday, August 30th. The stock was sold at an average price of $11.43, for a total value of $56,567.07. Following the completion of the sale, the senior vice president now owns 24,695 shares in the company, valued at $282,263.85. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.59% of the stock is currently owned by company insiders.

VIAV stock opened at $11.32 on Tuesday. The company has a quick ratio of 1.89, a current ratio of 2.05 and a debt-to-equity ratio of 0.77. Viavi Solutions Inc has a 1 year low of $8.34 and a 1 year high of $11.55. The stock has a market capitalization of $2.55 billion, a PE ratio of 33.11 and a beta of 0.93.

Viavi Solutions (NASDAQ:VIAV) last posted its earnings results on Tuesday, August 14th. The communications equipment provider reported $0.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.11 by $0.03. Viavi Solutions had a positive return on equity of 11.57% and a negative net margin of 5.22%. The business had revenue of $264.00 million during the quarter, compared to analyst estimates of $255.10 million. During the same quarter last year, the firm earned $0.12 earnings per share. The company’s revenue for the quarter was up 33.3% compared to the same quarter last year. equities analysts predict that Viavi Solutions Inc will post 0.44 earnings per share for the current year.

About Viavi Solutions

Viavi Solutions Inc provides network test, monitoring, and assurance solutions to communications service providers, enterprises, network equipment manufacturers, civil government, military, and avionics customers worldwide. The company operates through Network Enablement, Service Enablement, and Optical Security and Performance Products segments.

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

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