SG Americas Securities LLC Lowers Stock Position in Viavi Solutions Inc. $VIAV

SG Americas Securities LLC lowered its position in Viavi Solutions Inc. (NASDAQ:VIAV – Free Report) by 33.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 46,943 shares of the communications equipment provider’s stock after selling 23,794 shares during the period. SG Americas Securities LLC’s holdings in Viavi Solutions were worth $837,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Royal Bank of Canada increased its holdings in Viavi Solutions by 11.5% during the first quarter. Royal Bank of Canada now owns 183,320 shares of the communications equipment provider’s stock worth $2,051,000 after buying an additional 18,910 shares during the last quarter. AQR Capital Management LLC increased its holdings in Viavi Solutions by 110.5% during the first quarter. AQR Capital Management LLC now owns 33,663 shares of the communications equipment provider’s stock worth $377,000 after buying an additional 17,673 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Viavi Solutions by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 131,061 shares of the communications equipment provider’s stock worth $1,467,000 after buying an additional 5,775 shares during the last quarter. Millennium Management LLC increased its holdings in Viavi Solutions by 205.4% during the first quarter. Millennium Management LLC now owns 476,767 shares of the communications equipment provider’s stock worth $5,335,000 after buying an additional 320,662 shares during the last quarter. Finally, United Services Automobile Association purchased a new stake in Viavi Solutions during the first quarter worth about $165,000. Hedge funds and other institutional investors own 95.54% of the company’s stock.

Insider Buying and Selling

In other news, CEO Oleg Khaykin sold 74,315 shares of the firm’s stock in a transaction that occurred on Wednesday, February 4th. The shares were sold at an average price of $26.48, for a total value of $1,967,861.20. Following the completion of the transaction, the chief executive officer directly owned 1,849,437 shares in the company, valued at approximately $48,973,091.76. This trade represents a 3.86% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Gary W. Staley sold 24,237 shares of Viavi Solutions stock in a transaction that occurred on Thursday, February 5th. The shares were sold at an average price of $23.93, for a total transaction of $579,991.41. Following the sale, the senior vice president owned 136,267 shares of the company’s stock, valued at approximately $3,260,869.31. The trade was a 15.10% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 485,772 shares of company stock valued at $12,736,803 over the last 90 days. 1.80% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the stock. B. Riley Financial raised their price objective on shares of Viavi Solutions from $18.00 to $22.00 and gave the stock a “buy” rating in a report on Monday, January 26th. Stifel Nicolaus raised their price objective on shares of Viavi Solutions from $20.00 to $24.00 and gave the stock a “buy” rating in a report on Thursday, January 29th. Weiss Ratings restated a “sell (d)” rating on shares of Viavi Solutions in a report on Monday, December 29th. Wall Street Zen downgraded shares of Viavi Solutions from a “buy” rating to a “hold” rating in a report on Saturday, March 7th. Finally, Rosenblatt Securities raised their price objective on shares of Viavi Solutions from $27.00 to $42.00 and gave the stock a “buy” rating in a report on Wednesday, March 18th. Six analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $25.00.

Check Out Our Latest Report on Viavi Solutions

Viavi Solutions Price Performance

Shares of NASDAQ:VIAV opened at $41.79 on Friday. The company has a quick ratio of 2.32, a current ratio of 2.61 and a debt-to-equity ratio of 1.46. The firm has a market capitalization of $9.67 billion, a PE ratio of -232.15 and a beta of 0.85. Viavi Solutions Inc. has a twelve month low of $8.10 and a twelve month high of $43.64. The company has a 50-day moving average price of $31.23 and a two-hundred day moving average price of $21.73.

Viavi Solutions (NASDAQ:VIAV – Get Free Report) last issued its earnings results on Wednesday, January 28th. The communications equipment provider reported $0.22 earnings per share for the quarter, topping analysts’ consensus estimates of $0.19 by $0.03. Viavi Solutions had a negative net margin of 3.38% and a positive return on equity of 13.03%. The firm had revenue of $369.30 million during the quarter, compared to analyst estimates of $365.25 million. During the same quarter last year, the business earned $0.13 earnings per share. The company’s quarterly revenue was up 36.4% on a year-over-year basis. Viavi Solutions has set its Q3 2026 guidance at 0.220-4.000 EPS. Equities analysts forecast that Viavi Solutions Inc. will post 0.26 EPS for the current year.

Viavi Solutions Profile

(Free Report)

Viavi Solutions Inc is a provider of network test, monitoring and assurance solutions for communications service providers, cable operators, enterprises and government agencies. The company offers an extensive portfolio of fiber optic and copper cable test and measurement instruments, wireless network testing equipment and network performance monitoring software. Its products are designed to support the deployment, maintenance and optimization of high-speed broadband, 5G wireless, data center and enterprise networks.

Viavi’s product offerings are organized into two primary segments: Network & Service Enablement and Optical Security & Performance.

Further Reading

• Five stocks we like better than Viavi Solutions

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 – Free Report).