79,818 Shares in Viavi Solutions Inc. $VIAV Bought by Picton Mahoney Asset Management

Picton Mahoney Asset Management bought a new stake in shares of Viavi Solutions Inc. (NASDAQ:VIAV) in the 3rd quarter, HoldingsChannel reports. The institutional investor bought 79,818 shares of the communications equipment provider’s stock, valued at approximately $1,013,000.

A number of other hedge funds have also recently bought and sold shares of the stock. Knights of Columbus Asset Advisors LLC lifted its position in Viavi Solutions by 39.7% in the third quarter. Knights of Columbus Asset Advisors LLC now owns 224,014 shares of the communications equipment provider’s stock worth $2,843,000 after purchasing an additional 63,605 shares during the period. Penserra Capital Management LLC acquired a new stake in Viavi Solutions during the second quarter worth $7,764,000. Oak Ridge Investments LLC bought a new stake in Viavi Solutions in the 3rd quarter valued at $3,855,000. Cookson Peirce & Co. Inc. acquired a new position in shares of Viavi Solutions in the 3rd quarter valued at $1,187,000. Finally, Assenagon Asset Management S.A. raised its stake in shares of Viavi Solutions by 29.5% in the 3rd quarter. Assenagon Asset Management S.A. now owns 974,906 shares of the communications equipment provider’s stock valued at $12,372,000 after buying an additional 221,949 shares in the last quarter. 95.54% of the stock is owned by institutional investors.

Viavi Solutions Price Performance

NASDAQ:VIAV opened at $27.88 on Friday. The firm has a market cap of $6.45 billion, a PE ratio of -154.88 and a beta of 0.92. Viavi Solutions Inc. has a 12 month low of $8.10 and a 12 month high of $35.61. The company has a quick ratio of 2.32, a current ratio of 2.61 and a debt-to-equity ratio of 1.46. The company’s 50-day moving average price is $23.57 and its two-hundred day moving average price is $17.77.

Viavi Solutions (NASDAQ:VIAV) last posted its quarterly earnings data on Wednesday, January 28th. The communications equipment provider reported $0.22 earnings per share for the quarter, topping the consensus estimate of $0.19 by $0.03. Viavi Solutions had a negative net margin of 3.38% and a positive return on equity of 13.03%. The company had revenue of $369.30 million during the quarter, compared to analyst estimates of $365.25 million. During the same quarter last year, the business posted $0.13 earnings per share. The company’s revenue was up 36.4% on a year-over-year basis. Viavi Solutions has set its Q3 2026 guidance at 0.220-4.000 EPS. On average, equities analysts anticipate that Viavi Solutions Inc. will post 0.26 EPS for the current fiscal year.

Insider Buying and Selling at Viavi Solutions

In other Viavi Solutions news, EVP Paul Mcnab sold 3,551 shares of the business’s stock in a transaction on Monday, March 2nd. The stock was sold at an average price of $32.89, for a total value of $116,792.39. Following the transaction, the executive vice president owned 18,198 shares of the company’s stock, valued at approximately $598,532.22. The trade was a 16.33% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Oleg Khaykin sold 42,767 shares of the stock in a transaction on Tuesday, February 10th. The stock was sold at an average price of $27.50, for a total value of $1,176,092.50. Following the sale, the chief executive officer owned 1,592,854 shares in the company, valued at $43,803,485. The trade was a 2.61% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 516,765 shares of company stock worth $13,306,119 over the last 90 days. Company insiders own 1.80% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on VIAV shares. Rosenblatt Securities set a $27.00 target price on shares of Viavi Solutions in a research report on Thursday, January 29th. Stifel Nicolaus increased their price target on shares of Viavi Solutions from $20.00 to $24.00 and gave the stock a “buy” rating in a research report on Thursday, January 29th. Susquehanna raised their price target on shares of Viavi Solutions from $18.00 to $25.00 and gave the stock a “positive” rating in a research note on Thursday, January 29th. Weiss Ratings reiterated a “sell (d)” rating on shares of Viavi Solutions in a research note on Monday, December 29th. Finally, Needham & Company LLC raised their target price on Viavi Solutions from $28.00 to $36.00 and gave the stock a “buy” rating in a research report on Monday, March 2nd. Six investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Viavi Solutions has an average rating of “Moderate Buy” and a consensus price target of $23.13.

Viavi Solutions Profile

Viavi Solutions Inc is a provider of network test, monitoring and assurance solutions for communications service providers, cable operators, enterprises and government agencies. The company offers an extensive portfolio of fiber optic and copper cable test and measurement instruments, wireless network testing equipment and network performance monitoring software. Its products are designed to support the deployment, maintenance and optimization of high-speed broadband, 5G wireless, data center and enterprise networks.

Viavi’s product offerings are organized into two primary segments: Network & Service Enablement and Optical Security & Performance.