Assenagon Asset Management S.A. Has $14.23 Million Holdings in Viavi Solutions Inc. $VIAV

Assenagon Asset Management S.A. cut its stake in Viavi Solutions Inc. (NASDAQ:VIAV) by 72.6% in the first quarter, HoldingsChannel reports. The fund owned 427,600 shares of the communications equipment provider’s stock after selling 1,130,653 shares during the period. Assenagon Asset Management S.A.’s holdings in Viavi Solutions were worth $14,231,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the stock. SG Americas Securities LLC grew its stake in shares of Viavi Solutions by 133.8% during the first quarter. SG Americas Securities LLC now owns 109,753 shares of the communications equipment provider’s stock valued at $3,653,000 after purchasing an additional 62,810 shares during the last quarter. Hsbc Holdings PLC bought a new position in Viavi Solutions in the 4th quarter worth approximately $218,000. Corient Private Wealth LLC raised its position in Viavi Solutions by 3.6% in the 4th quarter. Corient Private Wealth LLC now owns 11,400 shares of the communications equipment provider’s stock worth $204,000 after purchasing an additional 394 shares during the last quarter. Caitong International Asset Management Co. Ltd acquired a new position in Viavi Solutions during the 4th quarter worth $169,000. Finally, Dean Capital Management lifted its holdings in Viavi Solutions by 10.3% during the 4th quarter. Dean Capital Management now owns 221,405 shares of the communications equipment provider’s stock worth $3,945,000 after buying an additional 20,686 shares in the last quarter. 95.54% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on VIAV shares. Needham & Company LLC increased their price objective on Viavi Solutions from $28.00 to $36.00 and gave the company a “buy” rating in a research report on Monday, March 2nd. Rosenblatt Securities reaffirmed a “buy” rating and set a $70.00 price target on shares of Viavi Solutions in a research note on Wednesday, June 10th. Weiss Ratings raised Viavi Solutions from a “sell (d-)” rating to a “hold (c-)” rating in a research note on Wednesday, May 13th. Wall Street Zen upgraded Viavi Solutions from a “hold” rating to a “buy” rating in a report on Saturday, May 2nd. Finally, UBS Group lifted their price objective on Viavi Solutions from $25.00 to $60.00 and gave the stock a “neutral” rating in a research report on Thursday, April 30th. Six analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, Viavi Solutions presently has an average rating of “Moderate Buy” and a consensus target price of $42.75.

Insiders Place Their Bets

In related news, CEO Oleg Khaykin sold 136,547 shares of Viavi Solutions stock in a transaction on Friday, May 8th. The stock was sold at an average price of $51.82, for a total transaction of $7,075,865.54. Following the completion of the sale, the chief executive officer directly owned 1,188,798 shares of the company’s stock, valued at $61,603,512.36. The trade was a 10.30% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Luke M. Scrivanich sold 10,693 shares of the company’s stock in a transaction dated Wednesday, May 6th. The shares were sold at an average price of $53.00, for a total value of $566,729.00. Following the completion of the sale, the senior vice president owned 39,287 shares of the company’s stock, valued at $2,082,211. This represents a 21.39% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 450,369 shares of company stock worth $23,789,119 over the last three months. Insiders own 1.80% of the company’s stock.

Viavi Solutions Trading Down 5.6%

Shares of NASDAQ VIAV opened at $47.63 on Friday. The company’s 50 day simple moving average is $49.40 and its 200 day simple moving average is $34.29. Viavi Solutions Inc. has a fifty-two week low of $9.61 and a fifty-two week high of $60.43. The firm has a market capitalization of $11.14 billion, a P/E ratio of -198.45 and a beta of 1.18. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.61 and a quick ratio of 1.39.

Viavi Solutions (NASDAQ:VIAV) last released its earnings results on Wednesday, April 29th. The communications equipment provider reported $0.27 EPS for the quarter, topping analysts’ consensus estimates of $0.24 by $0.03. The firm had revenue of $406.80 million during the quarter, compared to analyst estimates of $393.80 million. Viavi Solutions had a negative net margin of 4.03% and a positive return on equity of 16.80%. The business’s quarterly revenue was up 42.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.15 EPS. Viavi Solutions has set its Q4 2026 guidance at 0.290-0.310 EPS. On average, analysts predict that Viavi Solutions Inc. will post 0.73 EPS for the current year.

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.