Twin Tree Management LP Invests $1.38 Million in Viavi Solutions Inc. $VIAV

Twin Tree Management LP acquired a new stake in shares of Viavi Solutions Inc. (NASDAQ:VIAV) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 28,791 shares of the communications equipment provider’s stock, valued at approximately $1,375,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Silvant Capital Management LLC purchased a new stake in Viavi Solutions in the second quarter worth approximately $33,000. WPG Advisers LLC raised its stake in Viavi Solutions by 96.2% during the 1st quarter. WPG Advisers LLC now owns 775 shares of the communications equipment provider’s stock valued at $26,000 after buying an additional 380 shares during the last quarter. Persistent Asset Partners Ltd bought a new position in shares of Viavi Solutions during the 2nd quarter valued at $38,000. Carolina Wealth Advisors LLC lifted its holdings in shares of Viavi Solutions by 83.2% during the 2nd quarter. Carolina Wealth Advisors LLC now owns 852 shares of the communications equipment provider’s stock valued at $41,000 after buying an additional 387 shares during the period. Finally, Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in shares of Viavi Solutions in the 2nd quarter worth $57,000. Institutional investors own 95.54% of the company’s stock.

Analyst Ratings Changes

Several analysts recently commented on VIAV shares. Stifel Nicolaus lifted their price objective on Viavi Solutions from $60.00 to $65.00 and gave the stock a “buy” rating in a report on Thursday, August 6th. Wall Street Zen raised Viavi Solutions from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 15th. UBS Group dropped their target price on Viavi Solutions from $60.00 to $44.00 and set a “neutral” rating on the stock in a research report on Thursday, August 6th. Susquehanna boosted their price target on Viavi Solutions from $65.00 to $66.00 and gave the company a “positive” rating in a research note on Wednesday, July 1st. Finally, B. Riley Financial reduced their price target on shares of Viavi Solutions from $63.00 to $60.00 and set a “buy” rating for the company in a research report on Thursday, August 6th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Viavi Solutions has an average rating of “Moderate Buy” and a consensus price target of $49.88.

Viavi Solutions Stock Up 0.9%

VIAV stock opened at $38.90 on Friday. The business’s 50-day moving average price is $42.39 and its 200-day moving average price is $40.39. The stock has a market cap of $9.60 billion, a P/E ratio of -259.32 and a beta of 1.21. The company has a quick ratio of 1.62, a current ratio of 1.85 and a debt-to-equity ratio of 0.27. Viavi Solutions Inc. has a twelve month low of $10.78 and a twelve month high of $60.43.

Viavi Solutions (NASDAQ:VIAV) last released its earnings results on Wednesday, August 5th. The communications equipment provider reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.30 by $0.04. Viavi Solutions had a negative net margin of 2.00% and a positive return on equity of 19.60%. The company had revenue of $443.10 million during the quarter, compared to analyst estimates of $432.62 million. During the same period in the prior year, the firm posted $0.13 EPS. The firm’s quarterly revenue was up 52.5% compared to the same quarter last year. Viavi Solutions has set its Q1 2027 guidance at 0.400-0.420 EPS. On average, equities research analysts forecast that Viavi Solutions Inc. will post 1.32 EPS for the current year.

Insider Buying and Selling

In related news, EVP Paul Mcnab sold 1,595 shares of Viavi Solutions stock in a transaction on Monday, August 10th. The shares were sold at an average price of $37.37, for a total transaction of $59,605.15. Following the transaction, the executive vice president owned 13,876 shares in the company, valued at approximately $518,546.12. The trade was a 10.31% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Laura A. Black sold 71,000 shares of the company’s stock in a transaction on Monday, August 17th. The stock was sold at an average price of $46.12, for a total transaction of $3,274,520.00. Following the completion of the transaction, the director directly owned 71,497 shares of the company’s stock, valued at $3,297,441.64. This represents a 49.83% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 1.80% of the company’s stock.

About Viavi Solutions

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.