Spark Investment Management LLC lowered its position in Viavi Solutions Inc. (NASDAQ:VIAV) by 32.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 979,600 shares of the communications equipment provider’s stock after selling 460,100 shares during the period. Viavi Solutions accounts for approximately 0.6% of Spark Investment Management LLC’s holdings, making the stock its 17th largest position. Spark Investment Management LLC owned approximately 0.43% of Viavi Solutions worth $10,315,000 as of its most recent filing with the SEC.

Several other institutional investors also recently added to or reduced their stakes in VIAV. Creative Planning raised its position in Viavi Solutions by 177.9% in the second quarter. Creative Planning now owns 11,302 shares of the communications equipment provider’s stock worth $119,000 after buying an additional 7,235 shares in the last quarter. Quantitative Systematic Strategies LLC acquired a new stake in shares of Viavi Solutions during the first quarter worth $132,000. Piedmont Investment Advisors LLC acquired a new stake in shares of Viavi Solutions during the first quarter worth $148,000. First Mercantile Trust Co. acquired a new stake in shares of Viavi Solutions during the first quarter worth $155,000. Finally, World Asset Management Inc raised its stake in shares of Viavi Solutions by 1.2% in the first quarter. World Asset Management Inc now owns 14,757 shares of the communications equipment provider’s stock worth $158,000 after buying an additional 174 shares in the last quarter. 93.25% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Viavi Solutions Inc. (NASDAQ VIAV) traded down 0.09% on Friday, hitting $10.52. The company had a trading volume of 3,018,350 shares. The stock has a market cap of $2.39 billion, a PE ratio of 29.06 and a beta of 1.36. Viavi Solutions Inc. has a 12 month low of $6.99 and a 12 month high of $11.89. The company has a 50-day moving average of $10.91 and a 200 day moving average of $10.57.

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A number of brokerages have weighed in on VIAV. B. Riley reaffirmed a “buy” rating and issued a $14.00 price objective on shares of Viavi Solutions in a report on Thursday. Stifel Nicolaus reaffirmed a “hold” rating and issued a $11.00 price objective on shares of Viavi Solutions in a report on Thursday, August 3rd. TheStreet lowered Viavi Solutions from a “b” rating to a “c+” rating in a report on Tuesday, August 1st. BidaskClub lowered Viavi Solutions from a “buy” rating to a “hold” rating in a report on Thursday, June 22nd. Finally, Jefferies Group LLC raised Viavi Solutions from a “hold” rating to a “buy” rating and boosted their price target for the stock from $9.50 to $14.00 in a research note on Friday, May 5th. Four equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Viavi Solutions presently has a consensus rating of “Buy” and a consensus price target of $11.41.

In related news, SVP Luke M. Scrivanich sold 4,691 shares of the firm’s stock in a transaction that occurred on Tuesday, May 23rd. The shares were sold at an average price of $11.39, for a total transaction of $53,430.49. Following the completion of the sale, the senior vice president now directly owns 22,707 shares in the company, valued at $258,632.73. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders have sold 9,632 shares of company stock valued at $108,000 over the last 90 days. 0.35% of the stock is currently owned by insiders.

Viavi Solutions Company 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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