Man Group plc Invests $9.24 Million in Viavi Solutions Inc. $VIAV

by · The Markets Daily

Man Group plc acquired a new stake in Viavi Solutions Inc. (NASDAQ:VIAV – Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 193,616 shares of the communications equipment provider’s stock, valued at approximately $9,245,000.

Several other institutional investors also recently modified their holdings of VIAV. WPG Advisers LLC boosted its stake in shares of Viavi Solutions by 96.2% during the 1st quarter. WPG Advisers LLC now owns 775 shares of the communications equipment provider’s stock worth $26,000 after acquiring an additional 380 shares in the last quarter. Carolina Wealth Advisors LLC lifted its position in shares of Viavi Solutions by 83.2% in the second quarter. Carolina Wealth Advisors LLC now owns 852 shares of the communications equipment provider’s stock worth $41,000 after purchasing an additional 387 shares in the last quarter. Corient Private Wealth LLC grew its position in Viavi Solutions by 3.6% during the fourth quarter. Corient Private Wealth LLC now owns 11,400 shares of the communications equipment provider’s stock valued at $204,000 after purchasing an additional 394 shares in the last quarter. Lido Advisors LLC increased its stake in Viavi Solutions by 2.0% in the 4th quarter. Lido Advisors LLC now owns 24,555 shares of the communications equipment provider’s stock valued at $438,000 after buying an additional 473 shares during the period. Finally, Maryland State Retirement & Pension System lifted its position in Viavi Solutions by 1.5% in the 4th quarter. Maryland State Retirement & Pension System now owns 32,572 shares of the communications equipment provider’s stock worth $580,000 after buying an additional 478 shares in the last quarter. Institutional investors own 95.54% of the company’s stock.

Insiders Place Their Bets

In related news, EVP Paul Mcnab sold 1,595 shares of the business’s stock in a transaction that occurred on Monday, August 10th. The shares were sold at an average price of $37.37, for a total transaction of $59,605.15. Following the completion of the sale, the executive vice president directly owned 13,876 shares of the company’s stock, valued at $518,546.12. The trade was a 10.31% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Laura A. Black sold 71,000 shares of the company’s stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $46.12, for a total value of $3,274,520.00. Following the completion of the sale, the director directly owned 71,497 shares of the company’s stock, valued at approximately $3,297,441.64. This trade represents a 49.83% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 1.80% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of equities analysts recently commented on VIAV shares. Susquehanna increased their price objective on Viavi Solutions from $65.00 to $66.00 and gave the stock a “positive” rating in a report on Wednesday, July 1st. UBS Group lowered their target price on shares of Viavi Solutions from $60.00 to $44.00 and set a “neutral” rating on the stock in a research report on Thursday, August 6th. Wall Street Zen cut Viavi Solutions from a “strong-buy” rating to a “buy” rating in a research report on Saturday. Weiss Ratings raised Viavi Solutions from a “sell (d)” rating to a “sell (d+)” rating in a report on Tuesday. Finally, Zacks Research upgraded Viavi Solutions from a “hold” rating to a “strong-buy” rating in a report on Thursday, August 13th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Viavi Solutions has an average rating of “Moderate Buy” and an average target price of $49.88.

Get Our Latest Stock Report on Viavi Solutions

Viavi Solutions Stock Performance

Shares of NASDAQ VIAV opened at $36.54 on Friday. Viavi Solutions Inc. has a 12 month low of $11.09 and a 12 month high of $60.43. The company has a quick ratio of 1.62, a current ratio of 1.85 and a debt-to-equity ratio of 0.27. The company has a market cap of $9.02 billion, a P/E ratio of -243.58 and a beta of 1.21. The business’s 50 day moving average is $41.22 and its two-hundred day moving average is $40.81.

Viavi Solutions (NASDAQ:VIAV – Get Free Report) last posted its quarterly earnings data on Wednesday, August 5th. The communications equipment provider reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.30 by $0.04. Viavi Solutions had a negative net margin of 2.00% and a positive return on equity of 19.60%. The company had revenue of $443.10 million for the quarter, compared to the consensus estimate of $432.62 million. During the same quarter in the previous year, the firm posted $0.13 EPS. The business’s revenue was up 52.5% compared to the same quarter last year. Viavi Solutions has set its Q1 2027 guidance at 0.400-0.420 EPS. On average, equities analysts expect that Viavi Solutions Inc. will post 1.32 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.

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