SG Americas Securities LLC Purchases 1,450 Shares of Aviat Networks, Inc. (NASDAQ:AVNW)

SG Americas Securities LLC boosted its holdings in shares of Aviat Networks, Inc. (NASDAQ:AVNW) by 30.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 6,218 shares of the communications equipment provider’s stock after acquiring an additional 1,450 shares during the period. SG Americas Securities LLC owned approximately 0.05% of Aviat Networks worth $203,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Ameriprise Financial Inc. increased its position in shares of Aviat Networks by 4.1% during the first quarter. Ameriprise Financial Inc. now owns 8,375 shares of the communications equipment provider’s stock worth $289,000 after acquiring an additional 327 shares in the last quarter. Royal Bank of Canada increased its holdings in Aviat Networks by 4.4% during the 3rd quarter. Royal Bank of Canada now owns 11,544 shares of the communications equipment provider’s stock worth $361,000 after purchasing an additional 486 shares in the last quarter. Two Sigma Investments LP raised its stake in shares of Aviat Networks by 1.2% in the 1st quarter. Two Sigma Investments LP now owns 42,481 shares of the communications equipment provider’s stock valued at $1,464,000 after purchasing an additional 510 shares during the period. Morgan Stanley lifted its holdings in shares of Aviat Networks by 2.0% in the fourth quarter. Morgan Stanley now owns 25,937 shares of the communications equipment provider’s stock valued at $809,000 after purchasing an additional 518 shares in the last quarter. Finally, FMR LLC lifted its holdings 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 purchasing an additional 591 shares in the last quarter. 78.62% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have recently weighed in on AVNW. JMP Securities reaffirmed a “market outperform” rating and set a $50.00 price target on shares of Aviat Networks in a research note on Monday, February 5th. StockNews.com raised shares of Aviat Networks from a “sell” rating to a “hold” rating in a research report on Thursday, April 4th. Finally, B. Riley reduced their price objective on shares of Aviat Networks from $60.00 to $59.00 and set a “buy” rating for the company in a research note on Wednesday, February 7th. One equities 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 has an average rating of “Moderate Buy” and a consensus target price of $54.75.

Aviat Networks Trading Up 1.0 %

AVNW opened at $34.42 on Friday. Aviat Networks, Inc. has a twelve month low of $21.15 and a twelve month high of $38.85. The company has a quick ratio of 1.63, a current ratio of 2.00 and a debt-to-equity ratio of 0.19. The stock has a market capitalization of $431.87 million, a price-to-earnings ratio of 27.10 and a beta of 1.73. The company has a 50-day simple moving average of $35.23 and a 200 day simple moving average of $32.00.

Aviat Networks (NASDAQ:AVNW) last released its earnings results on Tuesday, February 6th. The communications equipment provider reported $0.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.81 by $0.02. Aviat Networks had a net margin of 4.23% and a return on equity of 15.11%. The business had revenue of $95.04 million for the quarter, compared to analyst estimates of $91.85 million. Analysts predict that Aviat Networks, Inc. will post 3.01 EPS for the current fiscal 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.