Viavi Solutions (NASDAQ:VIAV – Get Free Report) had its target price raised by Stifel Nicolaus from $11.00 to $12.00 in a report issued on Friday, FlyOnTheWall reports. Stifel Nicolaus’ price objective would indicate a potential upside of 15.27% from the company’s previous close.
A number of other research firms have also weighed in on VIAV. Rosenblatt Securities upped their price objective on shares of Viavi Solutions from $13.00 to $14.00 and gave the stock a “buy” rating in a research note on Friday. B. Riley dropped their price objective on shares of Viavi Solutions from $13.50 to $11.00 in a research note on Tuesday, April 18th. StockNews.com cut Viavi Solutions from a “buy” rating to a “hold” rating in a research report on Thursday, July 13th. Susquehanna reduced their price target on Viavi Solutions from $14.00 to $12.00 in a research report on Wednesday, May 3rd. Finally, Northland Securities dropped their price objective on Viavi Solutions from $15.00 to $13.00 in a research report on Tuesday, April 18th. Five research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Viavi Solutions currently has a consensus rating of “Hold” and an average target price of $12.29.
Read Our Latest Stock Report on VIAV
Viavi Solutions Trading Down 2.5 %
Institutional Inflows and Outflows
Hedge funds have recently added to or reduced their stakes in the business. State of New Jersey Common Pension Fund D increased its holdings in shares of Viavi Solutions by 36.2% during the fourth quarter. State of New Jersey Common Pension Fund D now owns 210,798 shares of the communications equipment provider’s stock valued at $2,215,000 after acquiring an additional 56,041 shares in the last quarter. Arizona State Retirement System increased its stake in Viavi Solutions by 3.1% during the 4th quarter. Arizona State Retirement System now owns 63,844 shares of the communications equipment provider’s stock valued at $671,000 after purchasing an additional 1,931 shares in the last quarter. CenterBook Partners LP raised its holdings in shares of Viavi Solutions by 121.9% in the fourth quarter. CenterBook Partners LP now owns 207,721 shares of the communications equipment provider’s stock worth $2,183,000 after buying an additional 114,108 shares during the last quarter. Clearbridge Investments LLC lifted its stake in shares of Viavi Solutions by 0.6% during the fourth quarter. Clearbridge Investments LLC now owns 3,434,587 shares of the communications equipment provider’s stock worth $36,098,000 after buying an additional 21,013 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of Viavi Solutions by 3.1% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 99,736 shares of the communications equipment provider’s stock valued at $1,048,000 after buying an additional 3,034 shares during the last quarter. 92.22% of the stock is owned by institutional investors and hedge funds.
About Viavi Solutions
Viavi Solutions Inc provides network test, monitoring, and assurance solutions for communications service providers, enterprises, network equipment manufacturers, original equipment manufacturers, government, and avionics customers in the Americas, the Asia-Pacific, Europe, the Middle East, and Africa.
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