Viavi Solutions Inc. (NASDAQ:VIAV) Shares Sold by Kovack Advisors Inc.

Kovack Advisors Inc. reduced its holdings in shares of Viavi Solutions Inc. (NASDAQ:VIAV) by 6.5% in the 4th quarter, HoldingsChannel.com reports. The fund owned 192,900 shares of the communications equipment provider’s stock after selling 13,300 shares during the period. Kovack Advisors Inc.’s holdings in Viavi Solutions were worth $1,948,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Capital Performance Advisors LLP purchased a new stake in shares of Viavi Solutions during the third quarter worth about $25,000. Venturi Wealth Management LLC purchased a new stake in shares of Viavi Solutions during the fourth quarter worth about $75,000. KBC Group NV grew its holdings in Viavi Solutions by 53.0% in the third quarter. KBC Group NV now owns 9,388 shares of the communications equipment provider’s stock valued at $85,000 after purchasing an additional 3,252 shares during the period. Gilbert & Cook Inc. purchased a new stake in Viavi Solutions in the third quarter valued at approximately $95,000. Finally, Sequoia Financial Advisors LLC purchased a new stake in Viavi Solutions in the third quarter valued at approximately $105,000. 95.54% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Viavi Solutions

In related news, SVP Luke M. Scrivanich sold 2,802 shares of the company’s stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $10.43, for a total value of $29,224.86. Following the completion of the sale, the senior vice president now owns 54,517 shares of the company’s stock, valued at $568,612.31. This represents a 4.89 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Masood Jabbar sold 30,000 shares of the company’s stock in a transaction dated Tuesday, January 14th. The stock was sold at an average price of $10.01, for a total transaction of $300,300.00. Following the completion of the sale, the director now directly owns 180,333 shares of the company’s stock, valued at $1,805,133.33. The trade was a 14.26 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.52% of the company’s stock.

Viavi Solutions Stock Up 0.3 %

VIAV stock opened at $11.30 on Thursday. The company has a debt-to-equity ratio of 0.94, a current ratio of 3.55 and a quick ratio of 3.18. Viavi Solutions Inc. has a 1-year low of $6.60 and a 1-year high of $12.91. The firm has a fifty day moving average price of $10.91 and a two-hundred day moving average price of $9.82. The firm has a market cap of $2.51 billion, a price-to-earnings ratio of -62.77 and a beta of 0.92.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on VIAV. UBS Group boosted their target price on shares of Viavi Solutions from $10.60 to $11.50 and gave the company a “neutral” rating in a report on Friday, January 31st. Argus lifted their price target on shares of Viavi Solutions from $13.00 to $16.00 and gave the company a “buy” rating in a research report on Wednesday, February 5th. Morgan Stanley lifted their price target on shares of Viavi Solutions from $9.50 to $10.00 and gave the company an “underweight” rating in a research report on Friday, January 31st. B. Riley lifted their price target on shares of Viavi Solutions from $10.00 to $12.00 and gave the company a “neutral” rating in a research report on Friday, January 31st. Finally, Needham & Company LLC raised shares of Viavi Solutions from a “hold” rating to a “buy” rating and set a $15.00 price target on the stock in a research report on Friday, January 31st. One analyst has rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $12.33.

Viavi Solutions Company Profile

Viavi Solutions, Inc engages in the provision of network test, monitoring, and assurance solutions for communications service providers, enterprises, network equipment manufacturers, government and avionics. It operates through the following segments: Network Enablement, Service Enablement, and Optical Security and Performance.