John G Ullman & Associates Inc. Decreases Stake in Viavi Solutions Inc (NASDAQ:VIAV)

John G Ullman & Associates Inc. lowered its position in Viavi Solutions Inc (NASDAQ:VIAV) by 1.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 239,700 shares of the communications equipment provider’s stock after selling 4,100 shares during the quarter. John G Ullman & Associates Inc. owned 0.11% of Viavi Solutions worth $2,967,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Arizona State Retirement System boosted its stake in shares of Viavi Solutions by 7.0% during the fourth quarter. Arizona State Retirement System now owns 351,767 shares of the communications equipment provider’s stock valued at $3,535,000 after acquiring an additional 22,892 shares during the last quarter. Vanguard Group Inc boosted its stake in shares of Viavi Solutions by 1.8% during the third quarter. Vanguard Group Inc now owns 23,357,949 shares of the communications equipment provider’s stock valued at $264,879,000 after acquiring an additional 418,120 shares during the last quarter. Prudential Financial Inc. boosted its stake in shares of Viavi Solutions by 28.9% during the fourth quarter. Prudential Financial Inc. now owns 510,902 shares of the communications equipment provider’s stock valued at $5,135,000 after acquiring an additional 114,643 shares during the last quarter. Victory Capital Management Inc. boosted its stake in shares of Viavi Solutions by 11.1% during the fourth quarter. Victory Capital Management Inc. now owns 2,472,725 shares of the communications equipment provider’s stock valued at $24,851,000 after acquiring an additional 247,285 shares during the last quarter. Finally, Westfield Capital Management Co. LP boosted its stake in shares of Viavi Solutions by 69.6% during the fourth quarter. Westfield Capital Management Co. LP now owns 1,993,944 shares of the communications equipment provider’s stock valued at $20,039,000 after acquiring an additional 818,549 shares during the last quarter. Institutional investors and hedge funds own 92.86% of the company’s stock.

A number of analysts recently commented on the company. Zacks Investment Research raised Viavi Solutions from a “sell” rating to a “hold” rating in a research note on Thursday, May 16th. BidaskClub lowered Viavi Solutions from a “strong-buy” rating to a “buy” rating in a research note on Tuesday. Morgan Stanley set a $13.00 price objective on Viavi Solutions and gave the company a “hold” rating in a research note on Friday, May 3rd. ValuEngine lowered Viavi Solutions from a “buy” rating to a “hold” rating in a research note on Thursday. Finally, JPMorgan Chase & Co. raised Viavi Solutions from an “underweight” rating to a “neutral” rating and raised their price target for the stock from $12.00 to $13.00 in a research note on Monday, April 22nd. Four equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $13.33.

NASDAQ:VIAV traded up $0.18 during mid-day trading on Friday, reaching $12.17. The company’s stock had a trading volume of 1,666,810 shares, compared to its average volume of 2,289,596. The firm has a market cap of $2.78 billion, a price-to-earnings ratio of 35.79 and a beta of 0.90. The company has a current ratio of 3.19, a quick ratio of 2.86 and a debt-to-equity ratio of 0.79. Viavi Solutions Inc has a twelve month low of $9.17 and a twelve month high of $14.00.

Viavi Solutions (NASDAQ:VIAV) last released its quarterly earnings data on Thursday, May 2nd. The communications equipment provider reported $0.13 EPS for the quarter, topping analysts’ consensus estimates of $0.10 by $0.03. The company had revenue of $265.20 million for the quarter, compared to the consensus estimate of $259.86 million. Viavi Solutions had a positive return on equity of 15.88% and a negative net margin of 3.25%. The company’s quarterly revenue was up 20.9% compared to the same quarter last year. During the same period last year, the business posted $0.13 EPS. As a group, research analysts forecast that Viavi Solutions Inc will post 0.53 earnings per share for the current fiscal year.

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Viavi Solutions Company 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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