California State Teachers Retirement System Has $3.47 Million Holdings in Viavi Solutions Inc (VIAV)

California State Teachers Retirement System decreased its position in Viavi Solutions Inc (NASDAQ:VIAV) by 9.6% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 366,715 shares of the communications equipment provider’s stock after selling 39,001 shares during the quarter. California State Teachers Retirement System owned about 0.16% of Viavi Solutions worth $3,469,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in the stock. Stifel Financial Corp raised its stake in Viavi Solutions by 82.8% in the 3rd quarter. Stifel Financial Corp now owns 95,877 shares of the communications equipment provider’s stock valued at $906,000 after purchasing an additional 43,423 shares during the last quarter. OxFORD Asset Management LLP raised its stake in Viavi Solutions by 155.8% in the 3rd quarter. OxFORD Asset Management LLP now owns 395,586 shares of the communications equipment provider’s stock valued at $3,738,000 after purchasing an additional 240,961 shares during the last quarter. Hartford Investment Management Co. acquired a new position in Viavi Solutions in the 3rd quarter valued at about $102,000. Schwab Charles Investment Management Inc. raised its stake in Viavi Solutions by 6.5% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 1,328,110 shares of the communications equipment provider’s stock valued at $12,564,000 after purchasing an additional 80,760 shares during the last quarter. Finally, Wells Fargo & Company MN raised its stake in Viavi Solutions by 9.1% in the 3rd quarter. Wells Fargo & Company MN now owns 339,503 shares of the communications equipment provider’s stock valued at $3,212,000 after purchasing an additional 28,337 shares during the last quarter. 92.40% of the stock is owned by hedge funds and other institutional investors.

VIAV has been the subject of a number of research analyst reports. Needham & Company LLC reaffirmed a “hold” rating on shares of Viavi Solutions in a research note on Thursday, October 12th. Stifel Nicolaus reaffirmed a “hold” rating on shares of Viavi Solutions in a research note on Tuesday, October 24th. Zacks Investment Research downgraded shares of Viavi Solutions from a “hold” rating to a “sell” rating in a research note on Thursday, November 2nd. Finally, Rosenblatt Securities set a $13.00 price objective on shares of Viavi Solutions and gave the company a “buy” rating in a research note on Wednesday, December 13th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $12.50.

In other news, Director Richard Belluzzo sold 10,000 shares of the business’s stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $9.00, for a total transaction of $90,000.00. Following the completion of the sale, the director now owns 198,910 shares in the company, valued at approximately $1,790,190. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Luke M. Scrivanich sold 3,920 shares of the business’s stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $8.97, for a total value of $35,162.40. Following the sale, the senior vice president now owns 27,629 shares of the company’s stock, valued at approximately $247,832.13. The disclosure for this sale can be found here. Insiders have sold a total of 28,713 shares of company stock valued at $258,471 in the last quarter. Company insiders own 0.59% of the company’s stock.

Viavi Solutions Inc (NASDAQ VIAV) opened at $9.04 on Tuesday. The company has a current ratio of 2.20, a quick ratio of 2.10 and a debt-to-equity ratio of 0.47. Viavi Solutions Inc has a one year low of $8.32 and a one year high of $11.89. The company has a market cap of $2,055.89, a PE ratio of 25.11, a PEG ratio of 1.48 and a beta of 1.20.

Viavi Solutions (NASDAQ:VIAV) last issued its earnings results on Wednesday, November 1st. The communications equipment provider reported $0.11 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.05 by $0.06. Viavi Solutions had a return on equity of 8.99% and a net margin of 10.57%. The business had revenue of $195.20 million during the quarter, compared to analysts’ expectations of $183.89 million. During the same quarter in the previous year, the business earned $0.09 EPS. The company’s revenue for the quarter was down 7.4% on a year-over-year basis. sell-side analysts forecast that Viavi Solutions Inc will post 0.31 earnings per share for the current year.

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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)

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