Tygh Capital Management Inc. Acquires 63,151 Shares of Viavi Solutions Inc (VIAV)

Tygh Capital Management Inc. boosted its position in shares of Viavi Solutions Inc (NASDAQ:VIAV) by 12.2% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 582,546 shares of the communications equipment provider’s stock after purchasing an additional 63,151 shares during the quarter. Tygh Capital Management Inc. owned about 0.26% of Viavi Solutions worth $5,855,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the stock. Granite Point Capital Management L.P. grew its position in Viavi Solutions by 28.0% during the 4th quarter. Granite Point Capital Management L.P. now owns 113,160 shares of the communications equipment provider’s stock valued at $1,137,000 after purchasing an additional 24,760 shares during the last quarter. LS Investment Advisors LLC grew its position in Viavi Solutions by 63.5% during the 4th quarter. LS Investment Advisors LLC now owns 10,817 shares of the communications equipment provider’s stock valued at $109,000 after purchasing an additional 4,202 shares during the last quarter. Rhumbline Advisers grew its position in Viavi Solutions by 20.5% during the 4th quarter. Rhumbline Advisers now owns 687,453 shares of the communications equipment provider’s stock valued at $6,909,000 after purchasing an additional 116,933 shares during the last quarter. Xact Kapitalforvaltning AB grew its position in Viavi Solutions by 60.7% during the 4th quarter. Xact Kapitalforvaltning AB now owns 60,910 shares of the communications equipment provider’s stock valued at $612,000 after purchasing an additional 23,000 shares during the last quarter. Finally, Arizona State Retirement System grew its position in Viavi Solutions by 7.0% during the 4th quarter. Arizona State Retirement System now owns 351,767 shares of the communications equipment provider’s stock valued at $3,535,000 after purchasing an additional 22,892 shares during the last quarter. 90.56% of the stock is currently owned by institutional investors.

Shares of NASDAQ VIAV traded up $0.11 during trading on Tuesday, reaching $12.08. 907,793 shares of the company traded hands, compared to its average volume of 2,228,243. The company has a quick ratio of 2.70, a current ratio of 2.99 and a debt-to-equity ratio of 0.80. The company has a market cap of $2.67 billion, a PE ratio of 35.53 and a beta of 0.84. Viavi Solutions Inc has a 52-week low of $9.11 and a 52-week high of $12.82.

Viavi Solutions (NASDAQ:VIAV) last announced its quarterly earnings results on Tuesday, February 5th. The communications equipment provider reported $0.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.16 by $0.06. The firm had revenue of $298.40 million for the quarter, compared to the consensus estimate of $280.93 million. Viavi Solutions had a negative net margin of 3.76% and a positive return on equity of 15.82%. The business’s quarterly revenue was up 47.9% compared to the same quarter last year. During the same quarter last year, the firm posted $0.09 EPS. As a group, equities research analysts anticipate that Viavi Solutions Inc will post 0.54 EPS for the current fiscal year.

Several analysts recently commented on VIAV shares. BidaskClub downgraded shares of Viavi Solutions from a “strong-buy” rating to a “buy” rating in a research report on Saturday, January 5th. Rosenblatt Securities reissued a “buy” rating and set a $15.00 price objective on shares of Viavi Solutions in a research report on Sunday. Northland Securities started coverage on shares of Viavi Solutions in a research report on Tuesday. They set an “outperform” rating and a $15.00 price objective on the stock. Zacks Investment Research raised shares of Viavi Solutions from a “hold” rating to a “strong-buy” rating and set a $14.00 price objective on the stock in a research report on Wednesday, October 17th. Finally, ValuEngine downgraded shares of Viavi Solutions from a “buy” rating to a “hold” rating in a research report on Friday, November 2nd. One research analyst has rated the stock with a sell rating and eleven have given a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $12.88.

In other news, Director Keith Barnes sold 11,074 shares of the firm’s stock in a transaction dated Monday, November 19th. The shares were sold at an average price of $9.73, for a total transaction of $107,750.02. Following the sale, the director now owns 98,471 shares of the company’s stock, valued at approximately $958,122.83. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In the last ninety days, insiders have sold 13,149 shares of company stock worth $127,959. Insiders own 0.50% of the company’s stock.

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About Viavi Solutions

Viavi Solutions Inc provides network test, monitoring, and assurance solutions to communications service providers, enterprises, network equipment manufacturers, civil government, military, and avionics customers worldwide. The company operates through Network Enablement, Service Enablement, and Optical Security and Performance Products segments.

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

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