Viavi Solutions Inc. (NASDAQ:VIAV) Position Reduced by FNY Partners Fund LP

FNY Partners Fund LP cut its holdings in Viavi Solutions Inc. (NASDAQ:VIAV) by 31.5% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 67,963 shares of the communications equipment provider’s stock after selling 31,277 shares during the period. FNY Partners Fund LP’s holdings in Viavi Solutions were worth $715,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the company. BlackRock Inc. boosted its stake in shares of Viavi Solutions by 48,994.6% during the 1st quarter. BlackRock Inc. now owns 30,339,979 shares of the communications equipment provider’s stock worth $325,243,000 after purchasing an additional 30,278,180 shares during the period. Vanguard Group Inc. boosted its stake in shares of Viavi Solutions by 4.4% during the 1st quarter. Vanguard Group Inc. now owns 20,894,176 shares of the communications equipment provider’s stock worth $223,986,000 after purchasing an additional 873,359 shares during the period. State Street Corp boosted its stake in shares of Viavi Solutions by 4.8% during the 1st quarter. State Street Corp now owns 5,975,240 shares of the communications equipment provider’s stock worth $64,050,000 after purchasing an additional 271,658 shares during the period. Ameriprise Financial Inc. boosted its stake in shares of Viavi Solutions by 18.3% during the 1st quarter. Ameriprise Financial Inc. now owns 2,683,724 shares of the communications equipment provider’s stock worth $28,770,000 after purchasing an additional 416,066 shares during the period. Finally, Teachers Advisors LLC boosted its stake in shares of Viavi Solutions by 568.2% during the 1st quarter. Teachers Advisors LLC now owns 2,600,431 shares of the communications equipment provider’s stock worth $27,877,000 after purchasing an additional 2,211,252 shares during the period. Hedge funds and other institutional investors own 92.50% of the company’s stock.

WARNING: “Viavi Solutions Inc. (NASDAQ:VIAV) Position Reduced by FNY Partners Fund LP” was originally posted by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are reading this piece on another domain, it was stolen and reposted in violation of US and international trademark and copyright laws. The original version of this piece can be read at https://ledgergazette.com/2017/09/26/viavi-solutions-inc-viav-shares-sold-by-fny-partners-fund-lp.html.

Several equities research analysts have issued reports on VIAV shares. Zacks Investment Research upgraded shares of Viavi Solutions from a “hold” rating to a “buy” rating and set a $12.00 price target for the company in a report on Tuesday, June 27th. BidaskClub upgraded shares of Viavi Solutions from a “hold” rating to a “buy” rating in a report on Tuesday, July 25th. TheStreet lowered shares of Viavi Solutions from a “b” rating to a “c+” rating in a report on Tuesday, August 1st. Stifel Nicolaus reiterated a “hold” rating and set a $11.00 price objective (up previously from $9.50) on shares of Viavi Solutions in a research note on Thursday, June 22nd. Finally, MKM Partners boosted their price objective on shares of Viavi Solutions from $11.00 to $12.00 and gave the stock a “buy” rating in a research note on Wednesday, August 16th. 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 stock. The company presently has an average rating of “Buy” and an average price target of $12.34.

In other news, SVP Ralph Rondinone sold 4,569 shares of the business’s stock in a transaction on Tuesday, August 22nd. The stock was sold at an average price of $9.83, for a total transaction of $44,913.27. Following the completion of the sale, the senior vice president now owns 7,239 shares in the company, valued at $71,159.37. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, VP Kevin Christopher Siebert sold 4,591 shares of the business’s stock in a transaction on Monday, August 21st. The stock was sold at an average price of $10.11, for a total value of $46,415.01. Following the sale, the vice president now owns 6,600 shares of the company’s stock, valued at approximately $66,726. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 52,733 shares of company stock worth $525,640. Company insiders own 0.35% of the company’s stock.

Shares of Viavi Solutions Inc. (NASDAQ:VIAV) opened at 9.23 on Tuesday. The stock has a market capitalization of $2.10 billion, a P/E ratio of 13.06 and a beta of 1.35. Viavi Solutions Inc. has a 12-month low of $6.99 and a 12-month high of $11.89. The stock has a 50 day moving average of $10.32 and a 200 day moving average of $10.63.

Several other institutional investors have also bought and sold shares of the company. BlackRock Inc. boosted its stake in shares of Viavi Solutions by 48,994.6% during the 1st quarter. BlackRock Inc. now owns 30,339,979 shares of the communications equipment provider’s stock worth $325,243,000 after purchasing an additional 30,278,180 shares during the period. Vanguard Group Inc. boosted its stake in shares of Viavi Solutions by 4.4% during the 1st quarter. Vanguard Group Inc. now owns 20,894,176 shares of the communications equipment provider’s stock worth $223,986,000 after purchasing an additional 873,359 shares during the period. State Street Corp boosted its stake in shares of Viavi Solutions by 4.8% during the 1st quarter. State Street Corp now owns 5,975,240 shares of the communications equipment provider’s stock worth $64,050,000 after purchasing an additional 271,658 shares during the period. Ameriprise Financial Inc. boosted its stake in shares of Viavi Solutions by 18.3% during the 1st quarter. Ameriprise Financial Inc. now owns 2,683,724 shares of the communications equipment provider’s stock worth $28,770,000 after purchasing an additional 416,066 shares during the period. Finally, Teachers Advisors LLC boosted its stake in shares of Viavi Solutions by 568.2% during the 1st quarter. Teachers Advisors LLC now owns 2,600,431 shares of the communications equipment provider’s stock worth $27,877,000 after purchasing an additional 2,211,252 shares during the period. Hedge funds and other institutional investors own 92.50% of the company’s stock.

WARNING: “Viavi Solutions Inc. (NASDAQ:VIAV) Position Reduced by FNY Partners Fund LP” was originally posted by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are reading this piece on another domain, it was stolen and reposted in violation of US and international trademark and copyright laws. The original version of this piece can be read at https://ledgergazette.com/2017/09/26/viavi-solutions-inc-viav-shares-sold-by-fny-partners-fund-lp.html.

Several equities research analysts have issued reports on VIAV shares. Zacks Investment Research upgraded shares of Viavi Solutions from a “hold” rating to a “buy” rating and set a $12.00 price target for the company in a report on Tuesday, June 27th. BidaskClub upgraded shares of Viavi Solutions from a “hold” rating to a “buy” rating in a report on Tuesday, July 25th. TheStreet lowered shares of Viavi Solutions from a “b” rating to a “c+” rating in a report on Tuesday, August 1st. Stifel Nicolaus reiterated a “hold” rating and set a $11.00 price objective (up previously from $9.50) on shares of Viavi Solutions in a research note on Thursday, June 22nd. Finally, MKM Partners boosted their price objective on shares of Viavi Solutions from $11.00 to $12.00 and gave the stock a “buy” rating in a research note on Wednesday, August 16th. 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 stock. The company presently has an average rating of “Buy” and an average price target of $12.34.

In other news, SVP Ralph Rondinone sold 4,569 shares of the business’s stock in a transaction on Tuesday, August 22nd. The stock was sold at an average price of $9.83, for a total transaction of $44,913.27. Following the completion of the sale, the senior vice president now owns 7,239 shares in the company, valued at $71,159.37. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, VP Kevin Christopher Siebert sold 4,591 shares of the business’s stock in a transaction on Monday, August 21st. The stock was sold at an average price of $10.11, for a total value of $46,415.01. Following the sale, the vice president now owns 6,600 shares of the company’s stock, valued at approximately $66,726. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 52,733 shares of company stock worth $525,640. Company insiders own 0.35% of the company’s stock.

Shares of Viavi Solutions Inc. (NASDAQ:VIAV) opened at 9.23 on Tuesday. The stock has a market capitalization of $2.10 billion, a P/E ratio of 13.06 and a beta of 1.35. Viavi Solutions Inc. has a 12-month low of $6.99 and a 12-month high of $11.89. The stock has a 50 day moving average of $10.32 and a 200 day moving average of $10.63.

Viavi Solutions (NASDAQ:VIAV) last issued its quarterly earnings data on Tuesday, August 15th. The communications equipment provider reported $0.09 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.06 by $0.03. The business had revenue of $198.10 million for the quarter, compared to the consensus estimate of $196.22 million. Viavi Solutions had a return on equity of 8.46% and a net margin of 20.57%. The firm’s revenue was down 11.6% compared to the same quarter last year. During the same period last year, the business earned $0.10 EPS. Equities research analysts anticipate that Viavi Solutions Inc. will post $0.41 EPS for the current fiscal year.

Viavi Solutions Profile

Viavi Solutions Inc (Viavi) is a provider of network test, monitoring and assurance solutions to communications service providers, enterprises and their ecosystems. The Company also offers thin film optical coatings, providing light management solutions to anti-counterfeiting, consumer and industrial, government and healthcare and other markets.

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

Receive News & Ratings for Viavi Solutions Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Viavi Solutions Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply