10,505 Shares in Viavi Solutions Inc. (NASDAQ:VIAV) Acquired by Gilbert & Cook Inc.

Gilbert & Cook Inc. purchased a new position in Viavi Solutions Inc. (NASDAQ:VIAV) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 10,505 shares of the communications equipment provider’s stock, valued at approximately $95,000.

A number of other large investors also recently added to or reduced their stakes in the business. Louisiana State Employees Retirement System lifted its holdings in Viavi Solutions by 1.9% in the 2nd quarter. Louisiana State Employees Retirement System now owns 112,300 shares of the communications equipment provider’s stock worth $772,000 after purchasing an additional 2,100 shares in the last quarter. nVerses Capital LLC lifted its holdings in Viavi Solutions by 24.0% in the 3rd quarter. nVerses Capital LLC now owns 11,900 shares of the communications equipment provider’s stock worth $107,000 after purchasing an additional 2,300 shares in the last quarter. Capital Performance Advisors LLP purchased a new position in Viavi Solutions in the 3rd quarter worth approximately $25,000. QRG Capital Management Inc. raised its holdings in shares of Viavi Solutions by 15.6% during the 1st quarter. QRG Capital Management Inc. now owns 21,340 shares of the communications equipment provider’s stock worth $194,000 after acquiring an additional 2,883 shares in the last quarter. Finally, ProShare Advisors LLC raised its holdings in shares of Viavi Solutions by 7.4% during the 1st quarter. ProShare Advisors LLC now owns 44,645 shares of the communications equipment provider’s stock worth $406,000 after acquiring an additional 3,072 shares in the last quarter. 95.54% of the stock is owned by hedge funds and other institutional investors.

Viavi Solutions Stock Performance

Shares of Viavi Solutions stock opened at $9.87 on Monday. Viavi Solutions Inc. has a 52 week low of $6.60 and a 52 week high of $11.32. The company has a market capitalization of $2.19 billion, a PE ratio of -58.06 and a beta of 0.90. The stock’s fifty day moving average is $9.18 and its two-hundred day moving average is $8.16. The company has a quick ratio of 3.31, a current ratio of 3.71 and a debt-to-equity ratio of 0.91.

Viavi Solutions (NASDAQ:VIAV) last issued its earnings results on Thursday, October 31st. The communications equipment provider reported $0.06 earnings per share for the quarter, hitting the consensus estimate of $0.06. Viavi Solutions had a positive return on equity of 2.22% and a negative net margin of 3.78%. The business had revenue of $238.20 million during the quarter, compared to analysts’ expectations of $240.09 million. During the same period in the prior year, the business earned $0.05 EPS. The business’s revenue for the quarter was down 3.9% compared to the same quarter last year. As a group, analysts expect that Viavi Solutions Inc. will post 0.19 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on VIAV. Rosenblatt Securities upped their price objective on Viavi Solutions from $8.25 to $10.50 and gave the stock a “neutral” rating in a report on Friday, November 1st. StockNews.com raised Viavi Solutions from a “hold” rating to a “buy” rating in a report on Tuesday, November 12th. Stifel Nicolaus decreased their price objective on Viavi Solutions from $13.00 to $10.50 and set a “buy” rating on the stock in a report on Tuesday, August 6th. Northland Securities upped their price objective on Viavi Solutions from $11.00 to $13.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Finally, B. Riley cut their target price on Viavi Solutions from $9.00 to $8.50 and set a “neutral” rating on the stock in a research report on Friday, August 9th. Five research 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 company’s stock. Based on data from MarketBeat.com, Viavi Solutions has an average rating of “Moderate Buy” and an average target price of $10.42.

Insiders Place Their Bets

In other Viavi Solutions news, Director Masood Jabbar sold 30,000 shares of the company’s stock in a transaction on Wednesday, August 21st. The stock was 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. This represents a 10.97 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Luke M. Scrivanich sold 3,029 shares of the company’s stock in a transaction 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 $507,846.34. This represents a 5.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 93,652 shares of company stock worth $817,585. 1.52% of the stock is currently owned by company insiders.

Viavi Solutions 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.