Jennison Associates LLC Increases Stake in Viavi Solutions Inc. (NASDAQ:VIAV)

The firm owned 57,924 shares of the communications equipment provider's stock after selling 35,863 shares during the quarter. Jennison Associates LLC owned about 0.09% of Viavi Solutions worth $1,838,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in VIAV. LLC bought a new position in shares of Viavi Solutions in the second quarter valued at approximately $109,000. Gateway Investment Advisers LLC boosted its holdings in Viavi Solutions by 148.2% in the second quarter. Commerzbank Aktiengesellschaft FI raised its stake in Viavi Solutions by 16.2% in the fourth quarter. Creative Planning now owns 11,302 shares of the communications equipment provider's stock valued at $119,000 after purchasing an additional 7,235 shares during the last quarter. The fund owned 194,247 shares of the communications equipment provider's stock after purchasing an additional 90,284 shares during the period. Quantitative Systematic Strategies LLC raised its position in shares of Viavi Solutions by 45.3% in the 2nd quarter. Finally, Municipal Employees Retirement System of MI raised its position in shares of Viavi Solutions by 4.0% in the 2nd quarter.

Jennison Associates LLC grew its position in Viavi Solutions Inc. (VIAV) traded up $0.08 during midday trading on Thursday, hitting $8.81. 1,263,773 shares of the stock were exchanged, compared to its average volume of 3,045,079.

Viavi Solutions Cmn (NASDAQ:VIAV) 52-week high price stands at $11.89 and low price stands at $7.90, its price distance from 52-week high is -26.58% while its distance from 52-week low price is 10.51%. The company has a current ratio of 2.20, a quick ratio of 2.10 and a debt-to-equity ratio of 0.47. The company has a market cap of $2,021.78, a P/E ratio of 29.63, a price-to-earnings-growth ratio of 1.46 and a beta of 1.19.

Insider Trading Activity for Viavi Solutions Inc. The communications equipment provider reported $0.11 EPS for the quarter, topping analysts' consensus estimates of $0.05 by $0.06.

The firm attains analyst recommendation of 2.80 on scale of 1-5 with week's performance of 7.55%. Viavi Solutions Inc. (VIAV) has an operating margin of 1.70%. During the same quarter in the prior year, the firm earned $0.09 EPS. During the same quarter in the previous year, the company posted $0.09 earnings per share. research analysts forecast that Viavi Solutions will post 0.31 EPS for the current fiscal year.

In related news, Director Richard Belluzzo sold 10,000 shares of the company's stock in a transaction on Friday, October 13th. The stock was sold at an average price of $9.05, for a total transaction of $27,177.15. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Earnings per share (EPS) is the portion of a company's profit allocated to each outstanding share of common stock.

The most recent open market insider trade was Automatic Sell of 1,012 shares on a day where the closing price was 9.19. Following the transaction, the executive vice president now owns 44,755 shares of the company's stock, valued at $441,731.85. The disclosure for this sale can be found here. Stifel Nicolaus reaffirmed a "hold" rating and issued a $11.00 price objective on shares of Viavi Solutions in a research report on Wednesday, August 16th. However the company reported $0.1 earnings per share for the same quarter during a year ago. BidaskClub lowered Viavi Solutions from a "hold" rating to a "sell" rating in a report on Monday, August 14th. Finally, Zacks Investment Research downgraded shares of Viavi Solutions from a "buy" rating to a "hold" rating in a research report on Saturday, August 19th. The company has a consensus rating of "Hold" and a consensus target price of $12.78.

According to sentiments of 5 analysts the mean estimates of short term price target for the company's stock is marked at $14.93. Also, SVP Luke M. Scrivanich sold 3,920 shares of the company's stock in a transaction that occurred on Tuesday, November 21st.