Fox Run Management L.L.C. Acquires New Stake in Viavi Solutions Inc (NASDAQ:VIAV)

Fox Run Management L.L.C. acquired a new stake in shares of Viavi Solutions Inc (NASDAQ:VIAV) in the second quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 25,844 shares of the communications equipment provider’s stock, valued at approximately $343,000.

A number of other hedge funds also recently bought and sold shares of the stock. Oregon Public Employees Retirement Fund increased its holdings in shares of Viavi Solutions by 1.8% in the 1st quarter. Oregon Public Employees Retirement Fund now owns 88,466 shares of the communications equipment provider’s stock worth $1,095,000 after purchasing an additional 1,598 shares in the last quarter. Bank of Montreal Can increased its holdings in shares of Viavi Solutions by 16.6% in the 1st quarter. Bank of Montreal Can now owns 13,639 shares of the communications equipment provider’s stock worth $169,000 after purchasing an additional 1,941 shares in the last quarter. Mason Street Advisors LLC increased its holdings in shares of Viavi Solutions by 3.2% in the 1st quarter. Mason Street Advisors LLC now owns 73,223 shares of the communications equipment provider’s stock worth $907,000 after purchasing an additional 2,286 shares in the last quarter. Hsbc Holdings PLC increased its holdings in shares of Viavi Solutions by 16.9% in the 4th quarter. Hsbc Holdings PLC now owns 18,415 shares of the communications equipment provider’s stock worth $185,000 after purchasing an additional 2,665 shares in the last quarter. Finally, Piedmont Investment Advisors Inc. increased its holdings in shares of Viavi Solutions by 5.8% in the 1st quarter. Piedmont Investment Advisors Inc. now owns 57,600 shares of the communications equipment provider’s stock worth $713,000 after purchasing an additional 3,168 shares in the last quarter. 92.83% of the stock is owned by institutional investors.

A number of analysts have commented on VIAV shares. Morgan Stanley set a $226.00 target price on S&P Global and gave the stock a “hold” rating in a report on Friday, May 3rd. Zacks Investment Research raised SCHNEIDER ELEC /ADR from a “hold” rating to a “buy” rating and set a $20.00 target price for the company in a report on Friday, July 5th. Northland Securities set a $16.00 price objective on Viavi Solutions and gave the stock a “buy” rating in a report on Tuesday, June 11th. ValuEngine raised Valmont Industries from a “sell” rating to a “hold” rating in a report on Friday, July 12th. Finally, JPMorgan Chase & Co. lowered Ciena from a “neutral” rating to an “underweight” rating in a report on Monday, April 22nd. One analyst has rated the stock with a sell rating, two have issued a hold rating and nine have issued a buy rating to the company. Viavi Solutions has a consensus rating of “Buy” and an average price target of $13.81.

Shares of VIAV opened at $14.68 on Wednesday. The company has a quick ratio of 2.86, a current ratio of 3.19 and a debt-to-equity ratio of 0.79. Viavi Solutions Inc has a one year low of $9.17 and a one year high of $14.85. The company has a market capitalization of $3.37 billion, a price-to-earnings ratio of 43.18 and a beta of 0.98. The business has a fifty day moving average price of $13.95.

Viavi Solutions (NASDAQ:VIAV) last issued its quarterly earnings data on Thursday, May 2nd. The communications equipment provider reported $0.13 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.10 by $0.03. The company had revenue of $265.20 million during the quarter, compared to analyst estimates of $259.86 million. Viavi Solutions had a positive return on equity of 15.88% and a negative net margin of 3.25%. Viavi Solutions’s revenue was up 20.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.13 earnings per share. On average, research analysts anticipate that Viavi Solutions Inc will post 0.53 earnings per share for the current fiscal year.

In related news, CFO Amar Maletira sold 2,806 shares of Viavi Solutions stock in a transaction on Monday, July 1st. The stock was sold at an average price of $14.00, for a total transaction of $39,284.00. Following the transaction, the chief financial officer now directly owns 251,720 shares in the company, valued at $3,524,080. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders have sold 22,556 shares of company stock worth $307,093 over the last quarter. 0.50% of the stock is owned by company insiders.

Viavi Solutions Company Profile

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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