Viavi Solutions (NASDAQ:VIAV – Get Free Report) had its price objective boosted by investment analysts at Rosenblatt Securities from $13.00 to $14.00 in a research note issued to investors on Friday, Benzinga reports. The brokerage presently has a “buy” rating on the communications equipment provider’s stock. Rosenblatt Securities’ target price would suggest a potential upside of 34.49% from the company’s previous close.
VIAV has been the subject of a number of other reports. StockNews.com lowered Viavi Solutions from a “buy” rating to a “hold” rating in a research note on Thursday, July 13th. B. Riley decreased their target price on Viavi Solutions from $13.50 to $11.00 in a research note on Tuesday, April 18th. Northland Securities dropped their price target on shares of Viavi Solutions from $15.00 to $13.00 in a research report on Tuesday, April 18th. Finally, Susquehanna reduced their price objective on shares of Viavi Solutions from $14.00 to $12.00 in a research report on Wednesday, May 3rd. Five equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat.com, Viavi Solutions currently has an average rating of “Hold” and an average target price of $12.29.
Check Out Our Latest Research Report on VIAV
Viavi Solutions Trading Down 2.5 %
Hedge Funds Weigh In On Viavi Solutions
A number of institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. boosted its holdings in shares of Viavi Solutions by 1.5% in the third quarter. Vanguard Group Inc. now owns 26,125,498 shares of the communications equipment provider’s stock worth $340,937,000 after buying an additional 376,858 shares during the period. Wellington Management Group LLP boosted its stake in Viavi Solutions by 2.4% in the 1st quarter. Wellington Management Group LLP now owns 21,420,992 shares of the communications equipment provider’s stock worth $344,451,000 after purchasing an additional 506,113 shares during the period. State Street Corp grew its position in Viavi Solutions by 2.8% during the 1st quarter. State Street Corp now owns 8,511,878 shares of the communications equipment provider’s stock worth $92,184,000 after purchasing an additional 228,496 shares in the last quarter. Capital World Investors lifted its holdings in shares of Viavi Solutions by 9.6% in the first quarter. Capital World Investors now owns 6,830,000 shares of the communications equipment provider’s stock valued at $109,826,000 after purchasing an additional 598,000 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Viavi Solutions by 10.2% in the second quarter. Dimensional Fund Advisors LP now owns 4,888,459 shares of the communications equipment provider’s stock valued at $55,384,000 after purchasing an additional 451,175 shares in the last quarter. Hedge funds and other institutional investors own 92.22% of the company’s stock.
Viavi Solutions Company Profile
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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