White Pine Capital LLC Lowers Holdings in Aviat Networks, Inc. (NASDAQ:AVNW)

White Pine Capital LLC cut its holdings in Aviat Networks, Inc. (NASDAQ:AVNW) by 0.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 58,219 shares of the communications equipment provider’s stock after selling 551 shares during the period. White Pine Capital LLC owned 0.50% of Aviat Networks worth $1,901,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. SG Americas Securities LLC purchased a new stake in shares of Aviat Networks during the 3rd quarter worth approximately $149,000. Tectonic Advisors LLC raised its holdings in shares of Aviat Networks by 6.5% during the 3rd quarter. Tectonic Advisors LLC now owns 34,176 shares of the communications equipment provider’s stock worth $1,066,000 after acquiring an additional 2,082 shares in the last quarter. Trellus Management Company LLC raised its holdings in shares of Aviat Networks by 14.5% during the 3rd quarter. Trellus Management Company LLC now owns 31,500 shares of the communications equipment provider’s stock worth $983,000 after acquiring an additional 4,000 shares in the last quarter. LSV Asset Management raised its holdings in shares of Aviat Networks by 12.8% during the 3rd quarter. LSV Asset Management now owns 367,691 shares of the communications equipment provider’s stock worth $11,472,000 after acquiring an additional 41,850 shares in the last quarter. Finally, Quantbot Technologies LP purchased a new stake in shares of Aviat Networks during the 3rd quarter worth approximately $31,000. 78.62% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on AVNW shares. B. Riley decreased their price objective on Aviat Networks from $60.00 to $59.00 and set a “buy” rating on the stock in a report on Wednesday, February 7th. JMP Securities restated a “market outperform” rating and set a $50.00 price target on shares of Aviat Networks in a report on Monday, February 5th. Finally, StockNews.com upgraded Aviat Networks from a “sell” rating to a “hold” rating in a report on Thursday, April 4th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $54.75.

Aviat Networks Trading Up 2.2 %

Aviat Networks stock traded up $0.72 during mid-day trading on Friday, hitting $33.96. The company’s stock had a trading volume of 57,916 shares, compared to its average volume of 67,062. The company has a 50 day moving average of $35.18 and a 200-day moving average of $32.18. The stock has a market cap of $426.20 million, a PE ratio of 26.74 and a beta of 1.73. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.63 and a current ratio of 2.00. Aviat Networks, Inc. has a one year low of $21.15 and a one year high of $38.85.

Aviat Networks (NASDAQ:AVNW) last announced its quarterly earnings data on Tuesday, February 6th. The communications equipment provider reported $0.83 EPS for the quarter, beating the consensus estimate of $0.81 by $0.02. The company had revenue of $95.04 million for the quarter, compared to the consensus estimate of $91.85 million. Aviat Networks had a return on equity of 15.11% and a net margin of 4.23%. On average, research analysts anticipate that Aviat Networks, Inc. will post 3.01 EPS for the current year.

Aviat Networks Profile

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.