Leeward Investments LLC MA Sells 67,730 Shares of Viavi Solutions Inc. (NASDAQ:VIAV)

Leeward Investments LLC MA trimmed its stake in shares of Viavi Solutions Inc. (NASDAQ:VIAV) by 4.0% during the fourth quarter, HoldingsChannel.com reports. The firm owned 1,635,305 shares of the communications equipment provider’s stock after selling 67,730 shares during the quarter. Leeward Investments LLC MA’s holdings in Viavi Solutions were worth $16,468,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in VIAV. Ziegler Capital Management LLC bought a new stake in shares of Viavi Solutions during the 3rd quarter valued at $811,000. Oak Thistle LLC bought a new stake in shares of Viavi Solutions during the 3rd quarter valued at $101,000. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Viavi Solutions by 11.2% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 65,000 shares of the communications equipment provider’s stock valued at $594,000 after purchasing an additional 6,560 shares during the period. Thompson Investment Management Inc. raised its stake in shares of Viavi Solutions by 1.7% during the 3rd quarter. Thompson Investment Management Inc. now owns 360,627 shares of the communications equipment provider’s stock valued at $3,296,000 after purchasing an additional 5,895 shares during the period. Finally, Knights of Columbus Asset Advisors LLC raised its stake in shares of Viavi Solutions by 2.8% during the 3rd quarter. Knights of Columbus Asset Advisors LLC now owns 170,780 shares of the communications equipment provider’s stock valued at $1,561,000 after purchasing an additional 4,711 shares during the period. 95.54% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

VIAV has been the subject of several recent analyst reports. StockNews.com upgraded Viavi Solutions from a “hold” rating to a “buy” rating in a research report on Friday, April 12th. Morgan Stanley boosted their target price on Viavi Solutions from $9.00 to $11.00 and gave the stock an “equal weight” rating in a research report on Wednesday, March 6th. Northland Securities boosted their target price on Viavi Solutions from $12.00 to $17.00 and gave the stock an “outperform” rating in a research report on Wednesday, March 6th. Needham & Company LLC restated a “hold” rating on shares of Viavi Solutions in a research report on Monday, April 1st. Finally, Susquehanna boosted their target price on Viavi Solutions from $12.00 to $14.00 and gave the stock a “positive” rating in a research report on Thursday, March 7th. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, Viavi Solutions currently has an average rating of “Moderate Buy” and an average price target of $13.60.

Insider Activity at Viavi Solutions

In related news, SVP Kevin Christopher Siebert sold 13,967 shares of the stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $10.70, for a total transaction of $149,446.90. Following the completion of the sale, the senior vice president now directly owns 47,097 shares in the company, valued at approximately $503,937.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In related news, EVP Paul Mcnab sold 15,004 shares of the firm’s stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $10.62, for a total transaction of $159,342.48. Following the completion of the transaction, the executive vice president now owns 57,940 shares of the company’s stock, valued at approximately $615,322.80. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Kevin Christopher Siebert sold 13,967 shares of the firm’s stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $10.70, for a total value of $149,446.90. Following the transaction, the senior vice president now directly owns 47,097 shares of the company’s stock, valued at approximately $503,937.90. The disclosure for this sale can be found here. Insiders sold 30,093 shares of company stock worth $319,841 in the last ninety days. 1.80% of the stock is owned by company insiders.

Viavi Solutions Price Performance

VIAV opened at $8.01 on Friday. The stock has a market capitalization of $1.78 billion, a P/E ratio of 400.50 and a beta of 0.95. Viavi Solutions Inc. has a 12-month low of $7.26 and a 12-month high of $11.65. The stock has a 50-day moving average price of $9.28 and a 200-day moving average price of $9.04. The company has a current ratio of 3.09, a quick ratio of 2.72 and a debt-to-equity ratio of 0.87.

Viavi Solutions (NASDAQ:VIAV) last issued its earnings results on Thursday, February 1st. The communications equipment provider reported $0.05 earnings per share for the quarter, meeting the consensus estimate of $0.05. The company had revenue of $254.50 million during the quarter, compared to analysts’ expectations of $249.77 million. Viavi Solutions had a return on equity of 5.38% and a net margin of 0.49%. Equities analysts predict that Viavi Solutions Inc. will post 0.22 earnings per share for the current fiscal year.

About Viavi Solutions

Viavi Solutions Inc provides network test, monitoring, and assurance solutions for communications service providers, hyperscalers, network equipment manufacturers, original equipment manufacturers, government, and avionics customers in the Americas, the Asia-Pacific, Europe, the Middle East, and Africa.