Bank of New York Mellon Corp trimmed its holdings in Aviat Networks, Inc. (NASDAQ:AVNW – Free Report) by 1.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 57,072 shares of the communications equipment provider’s stock after selling 1,000 shares during the period. Bank of New York Mellon Corp owned about 0.49% of Aviat Networks worth $1,781,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also recently made changes to their positions in the company. FMR LLC lifted its stake in shares of Aviat Networks by 282.8% in the first quarter. FMR LLC now owns 800 shares of the communications equipment provider’s stock valued at $28,000 after buying an additional 591 shares in the last quarter. Belpointe Asset Management LLC lifted its position in shares of Aviat Networks by 437.5% during the first quarter. Belpointe Asset Management LLC now owns 860 shares of the communications equipment provider’s stock valued at $30,000 after purchasing an additional 700 shares in the last quarter. Tower Research Capital LLC TRC lifted its position in shares of Aviat Networks by 133.5% during the first quarter. Tower Research Capital LLC TRC now owns 1,163 shares of the communications equipment provider’s stock valued at $40,000 after purchasing an additional 665 shares in the last quarter. State of Wyoming bought a new position in shares of Aviat Networks during the second quarter valued at about $55,000. Finally, Quent Capital LLC bought a new position in shares of Aviat Networks during the third quarter valued at about $78,000. 76.55% of the stock is owned by institutional investors.
Analyst Ratings Changes
A number of research firms recently weighed in on AVNW. JMP Securities reissued a “market outperform” rating and set a $50.00 price target on shares of Aviat Networks in a research report on Monday. StockNews.com lowered shares of Aviat Networks from a “buy” rating to a “hold” rating in a research report on Saturday, January 20th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $54.75.
Aviat Networks Stock Performance
NASDAQ AVNW opened at $30.08 on Wednesday. The company has a market capitalization of $352.54 million, a PE ratio of 19.53 and a beta of 1.70. The company has a 50-day simple moving average of $31.50 and a 200 day simple moving average of $30.71. Aviat Networks, Inc. has a 52-week low of $21.15 and a 52-week high of $37.64.
Aviat Networks Company 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.
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