Viavi Solutions Inc. (NASDAQ:VIAV) reached 77.83% versus a 1-year low price of $6.36. The stock was last seen 2.45% higher, reaching at $11.31 on Jun. 16, 2017. At recent session, the prices were hovering between $11.04 and $11.51. This company shares are 2.65% off its target price of $11.61 and the current market capitalization stands at $2.59B. The recent change has given its price a 5.17% lead over SMA 50 and -4.88% deficit over its 52-week high. The stock witnessed 3.76% gains, 5.7% gains and 33.53% gains for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found VIAV’s volatility during a week at 3.18% and during a month it has been found around 2.75%.

Viavi Solutions Inc. (VIAV) Top Holders

Institutional investors currently hold around $2.45 billion or 95.3% in VIAV stock. Look at its top three institutional owners. Blackrock Inc. owns $343.15 million in Viavi Solutions Inc., which represents roughly 13.25% of the company’s market cap and approximately 14.01% of the institutional ownership. Similar statistics are true for the second largest owner, Bank Of New York Mellon Corp, which owns 24,023,748 shares of the stock are valued at $271.71 million. The third largest holder is Vanguard Group Inc, which currently holds $236.31 million worth of this stock and that ownership represents nearly 9.12% of its market capitalization.

Viavi Solutions Inc. 13F Filings

At the end of Mar reporting period, 143 institutional holders increased their position in Viavi Solutions Inc. (NASDAQ:VIAV) by some 44,744,214 shares, 101 decreased positions by 30,628,810 and 51 held positions by 141,162,048. That puts total institutional holdings at 216,535,072 shares, according to SEC filings. The stock grabbed 55 new institutional investments totaling 22,050,621 shares while 30 institutional investors sold out their entire positions totaling 15,003,148 shares.

Viavi Solutions Inc. (NASDAQ:VIAV) Insider Trades

Multiple company employees have indulged in significant insider trading. Viavi Solutions Inc. disclosed in a document filed with the US Securities and Exchange Commission (SEC) that SVP Global Operations NSE RONDINONE RALPH has sold 4,567 shares of Viavi Solutions Inc. (VIAV) in trading session dated May. 23, 2017. These shares are worth $51,835 and were traded at $11.35 each. The SEC filing shows that SCRIVANICH LUKE M performed a sale of 4,691 shares. The SVP General Manager OSP disposed these shares by way of transaction on May. 23, 2017. The company’s shares were given away at $11.39 per share worth to an income of some $53,430 on account of SCRIVANICH LUKE M.

VP General Counsel & Secretary, Siebert Kevin Christopher, sold 2,176 common shares of Viavi Solutions Inc. (VIAV) in the open market. In a transaction dated May. 22, 2017, the shares were put up for sale at an average price of $10.96, raking in a sum of $23,849.

In the transaction dated May. 09, 2017, the great number of shares disposed came courtesy the EVP, Chief Mktg & Stgy Officer; McNab Paul disposed a total of 3,702 shares at an average price of $11.52, amounting to approximately $42,647.

Viavi Solutions Inc. (VIAV) Analyst Guide

Several analysts have released their opinion on Viavi Solutions Inc. (NASDAQ:VIAV), with 5 analysts believing it is a strong buy. Whereas 3 of them predict the stock is a hold. Also, there are 0 buy, 0 sell and 0 strong sell ratings, collectively assigning a 1.75 average brokerage recommendation.

Previous articleWhich insiders are selling Western Gas Partners, LP (NYSE:WES)?
Next articleAn End-of-Day Technical Review: Potash Corporation of Saskatchewan Inc. (POT), Information Services Group, Inc. (III)