Picton Mahoney Asset Management Has $10.76 Million Stake in Viavi Solutions Inc (NASDAQ:VIAV)

Picton Mahoney Asset Management decreased its position in Viavi Solutions Inc (NASDAQ:VIAV) by 3.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 809,560 shares of the communications equipment provider’s stock after selling 25,000 shares during the quarter. Picton Mahoney Asset Management owned about 0.35% of Viavi Solutions worth $10,761,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Advisory Services Network LLC grew its position in shares of Viavi Solutions by 88.5% in the second quarter. Advisory Services Network LLC now owns 2,354 shares of the communications equipment provider’s stock valued at $31,000 after purchasing an additional 1,105 shares during the last quarter. Capital Investment Advisory Services LLC bought a new stake in shares of Viavi Solutions in the first quarter valued at approximately $68,000. Meeder Asset Management Inc. boosted its stake in shares of Viavi Solutions by 108.0% in the second quarter. Meeder Asset Management Inc. now owns 7,321 shares of the communications equipment provider’s stock valued at $98,000 after buying an additional 3,801 shares during the period. Penserra Capital Management LLC bought a new stake in shares of Viavi Solutions in the first quarter valued at approximately $110,000. Finally, Signition LP bought a new stake in shares of Viavi Solutions in the first quarter valued at approximately $156,000. 97.72% of the stock is currently owned by institutional investors.

In other Viavi Solutions news, CFO Amar Maletira sold 2,806 shares of the company’s stock in a transaction on Monday, July 1st. The stock was sold at an average price of $14.00, for a total transaction of $39,284.00. Following the completion of the sale, the chief financial officer now directly owns 251,720 shares in the company, valued at $3,524,080. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have sold 22,109 shares of company stock valued at $302,727 over the last 90 days. Corporate insiders own 0.50% of the company’s stock.



Several equities research analysts recently issued reports on VIAV shares. B. Riley reiterated a “buy” rating and issued a $16.00 price target on shares of Viavi Solutions in a research note on Friday, August 16th. Rosenblatt Securities reiterated a “buy” rating and issued a $15.00 price target on shares of Viavi Solutions in a research note on Friday, August 16th. Northland Securities set a $16.00 price target on Viavi Solutions and gave the company a “buy” rating in a research note on Friday, August 16th. Zacks Investment Research cut Viavi Solutions from a “hold” rating to a “sell” rating in a research note on Friday, July 5th. Finally, Morgan Stanley set a $13.00 price target on Viavi Solutions and gave the company a “hold” rating in a research note on Friday, May 3rd. One analyst has rated the stock with a sell rating, three have issued a hold rating and seven have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $14.50.

NASDAQ VIAV traded down $0.40 on Friday, hitting $13.36. 1,262,840 shares of the company’s stock were exchanged, compared to its average volume of 2,097,356. The stock has a 50-day moving average of $14.24 and a 200-day moving average of $13.15. The company has a current ratio of 3.23, a quick ratio of 2.87 and a debt-to-equity ratio of 0.80. Viavi Solutions Inc has a 52 week low of $9.17 and a 52 week high of $14.95. The stock has a market cap of $3.17 billion, a price-to-earnings ratio of 25.69 and a beta of 0.98.

Viavi Solutions (NASDAQ:VIAV) last released its earnings results on Thursday, August 15th. The communications equipment provider reported $0.13 earnings per share for the quarter, topping the consensus estimate of $0.12 by $0.01. Viavi Solutions had a return on equity of 16.75% and a net margin of 0.48%. The firm had revenue of $289.70 million during the quarter, compared to analysts’ expectations of $279.18 million. During the same period in the prior year, the company earned $0.14 earnings per share. The company’s quarterly revenue was up 9.7% on a year-over-year basis. As a group, analysts predict that Viavi Solutions Inc will post 0.55 earnings per share for the current year.

Viavi Solutions Profile

Viavi Solutions Inc provides network test, monitoring, and assurance solutions to communications service providers, enterprises, network equipment manufacturers, civil government, military, and avionics customers worldwide. The company operates through Network Enablement, Service Enablement, and Optical Security and Performance Products segments.

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Institutional Ownership by Quarter for Viavi Solutions (NASDAQ:VIAV)

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