Viavi Solutions Inc. (NASDAQ:VIAV) Holdings Decreased by Commerce Bank

Commerce Bank cut its holdings in Viavi Solutions Inc. (NASDAQ:VIAV) by 5.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 39,436 shares of the communications equipment provider’s stock after selling 2,479 shares during the quarter. Commerce Bank’s holdings in Viavi Solutions were worth $621,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of VIAV. Knights of Columbus Asset Advisors LLC increased its stake in Viavi Solutions by 0.6% in the 2nd quarter. Knights of Columbus Asset Advisors LLC now owns 111,548 shares of the communications equipment provider’s stock worth $1,970,000 after purchasing an additional 649 shares in the last quarter. Stifel Financial Corp increased its stake in Viavi Solutions by 0.9% in the 2nd quarter. Stifel Financial Corp now owns 86,097 shares of the communications equipment provider’s stock worth $1,520,000 after purchasing an additional 771 shares in the last quarter. Rockefeller Capital Management L.P. increased its stake in Viavi Solutions by 3.6% in the 2nd quarter. Rockefeller Capital Management L.P. now owns 24,883 shares of the communications equipment provider’s stock worth $439,000 after purchasing an additional 863 shares in the last quarter. CWM Advisors LLC grew its stake in Viavi Solutions by 3.1% during the 2nd quarter. CWM Advisors LLC now owns 31,152 shares of the communications equipment provider’s stock valued at $550,000 after acquiring an additional 944 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd grew its stake in Viavi Solutions by 6.0% during the 2nd quarter. Y Intercept Hong Kong Ltd now owns 17,981 shares of the communications equipment provider’s stock valued at $318,000 after acquiring an additional 1,010 shares in the last quarter. Hedge funds and other institutional investors own 90.78% of the company’s stock.

NASDAQ:VIAV opened at $16.94 on Friday. The stock has a market cap of $4.03 billion, a PE ratio of -154.00 and a beta of 0.71. The stock’s 50-day moving average is $16.36 and its two-hundred day moving average is $16.36. Viavi Solutions Inc. has a fifty-two week low of $14.68 and a fifty-two week high of $18.14. The company has a debt-to-equity ratio of 0.93, a current ratio of 4.56 and a quick ratio of 4.20.

Viavi Solutions (NASDAQ:VIAV) last posted its earnings results on Thursday, November 4th. The communications equipment provider reported $0.24 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.21 by $0.03. Viavi Solutions had a positive return on equity of 19.51% and a negative net margin of 1.85%. The firm had revenue of $326.80 million during the quarter, compared to analyst estimates of $310.59 million. During the same period in the previous year, the company earned $0.15 EPS. The company’s revenue for the quarter was up 14.8% on a year-over-year basis. On average, equities research analysts anticipate that Viavi Solutions Inc. will post 0.65 earnings per share for the current year.

In other news, EVP Paul Mcnab sold 8,830 shares of the company’s stock in a transaction on Thursday, November 11th. The stock was sold at an average price of $15.31, for a total transaction of $135,187.30. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Richard Belluzzo sold 2,450 shares of the company’s stock in a transaction on Monday, December 6th. The shares were sold at an average price of $15.66, for a total value of $38,367.00. The disclosure for this sale can be found here. Insiders sold 24,296 shares of company stock worth $383,152 over the last quarter. Company insiders own 1.63% 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.

Further Reading: What are municipal bonds?

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.