Profund Advisors LLC Has $73,000 Holdings in Viavi Solutions Inc. (NASDAQ:VIAV)

Profund Advisors LLC decreased its position in shares of Viavi Solutions Inc. (NASDAQ:VIAV) by 11.1% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 10,656 shares of the communications equipment provider’s stock after selling 1,330 shares during the period. Profund Advisors LLC’s holdings in Viavi Solutions were worth $73,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of the company. Innealta Capital LLC bought a new position in shares of Viavi Solutions in the second quarter valued at about $38,000. Summit Securities Group LLC acquired a new position in shares of Viavi Solutions during the second quarter worth approximately $52,000. Headlands Technologies LLC bought a new stake in shares of Viavi Solutions during the first quarter valued at approximately $55,000. Heritage Family Offices LLP acquired a new stake in shares of Viavi Solutions in the second quarter valued at approximately $92,000. Finally, Park Avenue Securities LLC bought a new position in Viavi Solutions in the 1st quarter worth approximately $99,000. Institutional investors own 95.54% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. StockNews.com raised Viavi Solutions from a “hold” rating to a “buy” rating in a research note on Tuesday, September 10th. Stifel Nicolaus dropped their price objective on Viavi Solutions from $13.00 to $10.50 and set a “buy” rating for the company in a report on Tuesday, August 6th. Needham & Company LLC reaffirmed a “hold” rating on shares of Viavi Solutions in a research note on Friday, August 9th. Rosenblatt Securities downgraded shares of Viavi Solutions from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $10.00 to $8.25 in a research note on Wednesday, June 26th. Finally, B. Riley reduced their price objective on shares of Viavi Solutions from $9.00 to $8.50 and set a “neutral” rating on the stock in a research note on Friday, August 9th. Five investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Viavi Solutions presently has an average rating of “Moderate Buy” and an average price target of $10.71.

Insider Activity at Viavi Solutions

In other Viavi Solutions news, Director Masood Jabbar sold 30,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $8.17, for a total transaction of $245,100.00. Following the sale, the director now directly owns 243,514 shares in the company, valued at approximately $1,989,509.38. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, SVP Kevin Christopher Siebert sold 8,432 shares of the company’s stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $8.63, for a total transaction of $72,768.16. Following the completion of the transaction, the senior vice president now directly owns 56,617 shares of the company’s stock, valued at $488,604.71. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Masood Jabbar sold 30,000 shares of Viavi Solutions stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $8.17, for a total value of $245,100.00. Following the completion of the sale, the director now directly owns 243,514 shares in the company, valued at approximately $1,989,509.38. The disclosure for this sale can be found here. In the last three months, insiders sold 70,976 shares of company stock worth $583,012. 1.80% of the stock is owned by company insiders.

Viavi Solutions Trading Down 0.1 %

VIAV opened at $9.02 on Tuesday. The firm’s fifty day moving average is $8.12 and its two-hundred day moving average is $7.98. The firm has a market cap of $2.01 billion, a PE ratio of -451.00 and a beta of 0.91. Viavi Solutions Inc. has a twelve month low of $6.60 and a twelve month high of $11.32. The company has a debt-to-equity ratio of 0.93, a quick ratio of 3.16 and a current ratio of 3.55.

Viavi Solutions (NASDAQ:VIAV) last issued its quarterly earnings data on Thursday, August 8th. The communications equipment provider reported $0.02 EPS for the quarter, topping the consensus estimate of $0.01 by $0.01. Viavi Solutions had a positive return on equity of 3.81% and a negative net margin of 2.58%. The business had revenue of $252.00 million for the quarter, compared to the consensus estimate of $251.83 million. Equities research analysts anticipate that Viavi Solutions Inc. will post 0.17 EPS for the current year.

Viavi Solutions Company Profile

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.