Macquarie Group Ltd. Acquires Shares of 1,829,028 Viavi Solutions Inc. (VIAV)

Macquarie Group Ltd. acquired a new stake in shares of Viavi Solutions Inc. (NASDAQ:VIAV) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 1,829,028 shares of the communications equipment provider’s stock, valued at approximately $19,260,000. Macquarie Group Ltd. owned approximately 0.81% of Viavi Solutions as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in 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 valued at $223,986,000 after purchasing an additional 873,359 shares in the last quarter. DnB Asset Management AS bought a new stake in Viavi Solutions during the 2nd quarter valued at about $4,523,000. Teacher Retirement System of Texas increased its stake in Viavi Solutions by 2.1% during the 2nd quarter. Teacher Retirement System of Texas now owns 18,336 shares of the communications equipment provider’s stock valued at $193,000 after purchasing an additional 371 shares in the last quarter. TIAA CREF Investment Management LLC increased its stake in Viavi Solutions by 88.3% during the 1st quarter. TIAA CREF Investment Management LLC now owns 1,276,548 shares of the communications equipment provider’s stock valued at $13,685,000 after purchasing an additional 598,673 shares in the last quarter. Finally, Legal & General Group Plc increased its stake in Viavi Solutions by 7.8% during the 2nd quarter. Legal & General Group Plc now owns 434,542 shares of the communications equipment provider’s stock valued at $4,577,000 after purchasing an additional 31,547 shares in the last quarter. Institutional investors and hedge funds own 92.44% of the company’s stock.

Viavi Solutions (NASDAQ:VIAV) last announced its quarterly earnings data on Tuesday, August 15th. The communications equipment provider reported $0.09 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.06 by $0.03. Viavi Solutions had a net margin of 20.57% and a return on equity of 8.46%. The firm had revenue of $198.10 million during the quarter, compared to analyst estimates of $196.22 million. During the same period last year, the firm posted $0.10 EPS. Viavi Solutions’s revenue was down 11.6% on a year-over-year basis.

In related news, EVP Paul Mcnab sold 8,915 shares of Viavi Solutions stock in a transaction on Wednesday, August 23rd. The shares were sold at an average price of $10.04, for a total value of $89,506.60. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Kevin Christopher Siebert sold 4,591 shares of Viavi Solutions stock in a transaction on Monday, August 21st. The shares were sold at an average price of $10.11, for a total transaction of $46,415.01. Following the completion of the sale, the vice president now directly owns 6,600 shares in the company, valued at approximately $66,726. The disclosure for this sale can be found here. In the last quarter, insiders sold 90,694 shares of company stock worth $883,564. 0.59% of the stock is owned by corporate insiders.

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VIAV has been the subject of a number of analyst reports. BidaskClub lowered shares of Viavi Solutions from a “buy” rating to a “hold” rating in a research note on Thursday, June 22nd. Needham & Company LLC restated a “hold” rating on shares of Viavi Solutions in a research note on Thursday. Stifel Nicolaus restated a “hold” rating and set a $11.00 price objective (up from $9.50) on shares of Viavi Solutions in a research note on Thursday, June 22nd. B. Riley restated a “buy” rating and set a $14.00 price objective on shares of Viavi Solutions in a research note on Tuesday, August 15th. Finally, TheStreet lowered shares of Viavi Solutions from a “b” rating to a “c+” rating in a research note on Tuesday, August 1st. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $12.78.

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.

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

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