AWM Investment Company Inc. Acquires 73,453 Shares of Aviat Networks, Inc. (NASDAQ:AVNW)

AWM Investment Company Inc. boosted its stake in Aviat Networks, Inc. (NASDAQ:AVNWFree Report) by 146.4% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 123,639 shares of the communications equipment provider’s stock after buying an additional 73,453 shares during the period. AWM Investment Company Inc. owned approximately 1.05% of Aviat Networks worth $3,858,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Paradigm Capital Management Inc. NY raised its stake in Aviat Networks by 16.8% in the third quarter. Paradigm Capital Management Inc. NY now owns 877,812 shares of the communications equipment provider’s stock valued at $27,388,000 after purchasing an additional 126,101 shares in the last quarter. Royce & Associates LP raised its position in shares of Aviat Networks by 8.7% in the 2nd quarter. Royce & Associates LP now owns 606,470 shares of the communications equipment provider’s stock valued at $20,238,000 after buying an additional 48,692 shares in the last quarter. BlackRock Inc. lifted its holdings in shares of Aviat Networks by 2.2% during the 2nd quarter. BlackRock Inc. now owns 532,119 shares of the communications equipment provider’s stock worth $17,757,000 after acquiring an additional 11,667 shares during the period. Punch & Associates Investment Management Inc. boosted its position in shares of Aviat Networks by 3.1% during the 1st quarter. Punch & Associates Investment Management Inc. now owns 497,533 shares of the communications equipment provider’s stock worth $17,145,000 after acquiring an additional 14,770 shares in the last quarter. Finally, Renaissance Technologies LLC increased its stake in Aviat Networks by 5.7% in the second quarter. Renaissance Technologies LLC now owns 396,370 shares of the communications equipment provider’s stock valued at $9,925,000 after acquiring an additional 21,500 shares during the last quarter. 76.55% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. B. Riley reduced their target price on Aviat Networks from $60.00 to $59.00 and set a “buy” rating on the stock in a report on Wednesday, February 7th. StockNews.com lowered shares of Aviat Networks from a “hold” rating to a “sell” rating in a research report on Thursday, February 8th. Finally, JMP Securities reiterated a “market outperform” rating and set a $50.00 price target on shares of Aviat Networks in a report on Monday, February 5th. One analyst has rated the stock with a sell rating and four have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $54.75.

Get Our Latest Analysis on Aviat Networks

Aviat Networks Trading Up 0.4 %

NASDAQ AVNW traded up $0.15 during trading hours on Thursday, reaching $35.18. The company’s stock had a trading volume of 15,379 shares, compared to its average volume of 128,801. The firm has a fifty day simple moving average of $32.36 and a 200-day simple moving average of $31.16. The stock has a market cap of $441.51 million, a P/E ratio of 27.58 and a beta of 1.70. Aviat Networks, Inc. has a 52 week low of $21.15 and a 52 week high of $37.84. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.00 and a quick ratio of 1.63.

Aviat Networks (NASDAQ:AVNWGet Free Report) last issued its quarterly earnings data on Tuesday, February 6th. The communications equipment provider reported $0.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.81 by $0.02. The business had revenue of $95.04 million during the quarter, compared to analyst estimates of $91.85 million. Aviat Networks had a net margin of 4.23% and a return on equity of 15.11%. Equities analysts forecast that Aviat Networks, Inc. will post 3.01 earnings per share for the current fiscal year.

About Aviat Networks

(Free Report)

Aviat Networks, Inc provides microwave networking and wireless access networking solutions in North America, Africa, the Middle East, Europe, Latin America, and the Asia Pacific. The company offers outdoor, indoor, and split-mount radios; microwave routers, switches, and trunking; and private LTE, virtual fiber, and element management products; and hosted software products, such as aviat design, frequency assurance software, and health assurance software.

See Also

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Institutional Ownership by Quarter for Aviat Networks (NASDAQ:AVNW)

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