nVerses Capital LLC Has $107,000 Stock Holdings in Viavi Solutions Inc. (NASDAQ:VIAV)

nVerses Capital LLC lifted its holdings in shares of Viavi Solutions Inc. (NASDAQ:VIAV) by 24.0% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 11,900 shares of the communications equipment provider’s stock after buying an additional 2,300 shares during the period. nVerses Capital LLC’s holdings in Viavi Solutions were worth $107,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of VIAV. Vanguard Group Inc. raised its holdings in shares of Viavi Solutions by 1.6% during the 4th quarter. Vanguard Group Inc. now owns 28,739,930 shares of the communications equipment provider’s stock worth $289,411,000 after buying an additional 451,354 shares in the last quarter. PNC Financial Services Group Inc. raised its holdings in shares of Viavi Solutions by 7.1% during the 4th quarter. PNC Financial Services Group Inc. now owns 60,671 shares of the communications equipment provider’s stock worth $611,000 after buying an additional 4,028 shares in the last quarter. Park Avenue Securities LLC acquired a new position in shares of Viavi Solutions during the 1st quarter worth $99,000. Tributary Capital Management LLC raised its holdings in shares of Viavi Solutions by 0.4% during the 1st quarter. Tributary Capital Management LLC now owns 1,281,988 shares of the communications equipment provider’s stock worth $11,653,000 after buying an additional 5,505 shares in the last quarter. Finally, Sequoia Financial Advisors LLC increased its stake in shares of Viavi Solutions by 11.3% in the first quarter. Sequoia Financial Advisors LLC now owns 17,326 shares of the communications equipment provider’s stock valued at $157,000 after buying an additional 1,756 shares during the period. Institutional investors and hedge funds own 95.54% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently weighed in on VIAV. B. Riley decreased their price target on Viavi Solutions from $9.00 to $8.50 and set a “neutral” rating for the company in a research note on Friday, August 9th. StockNews.com upgraded shares of Viavi Solutions from a “hold” rating to a “buy” rating in a report on Tuesday, September 10th. Needham & Company LLC reiterated a “hold” rating on shares of Viavi Solutions in a research report on Friday, August 9th. Stifel Nicolaus cut their price target on shares of Viavi Solutions from $13.00 to $10.50 and set a “buy” rating on the stock in a research report on Tuesday, August 6th. Finally, Rosenblatt Securities downgraded Viavi Solutions from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $10.00 to $8.25 in a report on Wednesday, June 26th. Five research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $10.71.

Viavi Solutions Trading Up 0.1 %

Shares of VIAV stock opened at $9.34 on Monday. The company has a market cap of $2.07 billion, a P/E ratio of -77.83 and a beta of 0.91. The stock has a 50 day simple moving average of $8.55 and a two-hundred day simple moving average of $7.95. 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 Inc. has a fifty-two week low of $6.60 and a fifty-two week high of $11.32.

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

Insider Buying and Selling at Viavi Solutions

In other Viavi Solutions news, SVP Luke M. Scrivanich sold 3,029 shares of the firm’s stock in a transaction that occurred on Thursday, September 26th. The stock was sold at an average price of $8.86, for a total value of $26,836.94. Following the completion of the sale, the senior vice president now owns 57,319 shares of the company’s stock, valued at approximately $507,846.34. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Viavi Solutions news, SVP Luke M. Scrivanich sold 3,029 shares of the firm’s stock in a transaction that occurred on Thursday, September 26th. The stock was sold at an average price of $8.86, for a total value of $26,836.94. Following the completion of the sale, the senior vice president now owns 57,319 shares of the company’s stock, valued at approximately $507,846.34. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Masood Jabbar sold 15,000 shares of the firm’s stock in a transaction that occurred on Monday, October 14th. The shares were sold at an average price of $9.17, for a total value of $137,550.00. Following the completion of the sale, the director now directly owns 213,514 shares of the company’s stock, valued at $1,957,923.38. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 85,976 shares of company stock valued at $720,562. Company insiders own 1.52% of the company’s stock.

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.