Greenleaf Trust Maintains Position in Viavi Solutions Inc. (NASDAQ:VIAV)

Greenleaf Trust maintained its stake in shares of Viavi Solutions Inc. (NASDAQ:VIAV) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 50,005 shares of the communications equipment provider’s stock at the end of the second quarter. Greenleaf Trust’s holdings in Viavi Solutions were worth $527,000 as of its most recent filing with the SEC.

Other large investors have also recently modified their holdings of the company. World Asset Management Inc boosted 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 valued at $158,000 after buying an additional 174 shares during the period. OppenheimerFunds Inc. raised its position in Viavi Solutions by 0.4% in the first quarter. OppenheimerFunds Inc. now owns 67,211 shares of the communications equipment provider’s stock valued at $720,000 after buying an additional 238 shares in the last quarter. State of Alaska Department of Revenue raised its position in Viavi Solutions by 1.6% in the first quarter. State of Alaska Department of Revenue now owns 25,530 shares of the communications equipment provider’s stock valued at $273,000 after buying an additional 390 shares in the last quarter. Jennison Associates LLC raised its position in Viavi Solutions by 0.9% in the first quarter. Jennison Associates LLC now owns 134,633 shares of the communications equipment provider’s stock valued at $1,443,000 after buying an additional 1,245 shares in the last quarter. Finally, Louisiana State Employees Retirement System raised its stake in shares of Viavi Solutions by 1.4% in the first quarter. Louisiana State Employees Retirement System now owns 93,800 shares of the communications equipment provider’s stock valued at $1,006,000 after buying an additional 1,300 shares during the period. 94.47% of the stock is currently owned by institutional investors and hedge funds.

Viavi Solutions Inc. (VIAV) traded up 1.43% during mid-day trading on Monday, hitting $10.67. The company had a trading volume of 2,476,363 shares. The company’s 50 day moving average price is $10.91 and its 200-day moving average price is $10.57. Viavi Solutions Inc. has a one year low of $6.96 and a one year high of $11.89. The company has a market cap of $2.42 billion, a PE ratio of 29.48 and a beta of 1.36.

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A number of equities analysts have recently commented on the company. B. Riley reissued a “neutral” rating and set a $8.75 price objective on shares of Viavi Solutions in a research report on Saturday, May 6th. BidaskClub downgraded Viavi Solutions from a “buy” rating to a “hold” rating in a research report on Thursday, June 22nd. Stifel Nicolaus reaffirmed a “hold” rating and issued a $11.00 price target (up from $9.50) on shares of Viavi Solutions in a report on Thursday, June 22nd. Finally, Zacks Investment Research raised 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. Three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $12.09.

In other Viavi Solutions news, SVP Luke M. Scrivanich sold 4,691 shares of the company’s stock in a transaction that occurred on Tuesday, May 23rd. The stock was sold at an average price of $11.39, for a total value of $53,430.49. Following the completion of the transaction, the senior vice president now owns 22,707 shares of the company’s stock, valued at approximately $258,632.73. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In the last ninety days, insiders sold 9,632 shares of company stock valued at $108,000. Insiders own 0.35% of the company’s stock.

About Viavi Solutions

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.