Aviat Networks, Inc. (NASDAQ:AVNW) Shares Sold by LSV Asset Management

LSV Asset Management decreased its position in Aviat Networks, Inc. (NASDAQ:AVNW) by 50.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 181,340 shares of the communications equipment provider’s stock after selling 186,351 shares during the period. LSV Asset Management owned 1.55% of Aviat Networks worth $5,923,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Campbell & CO Investment Adviser LLC boosted its position in shares of Aviat Networks by 4.3% during the third quarter. Campbell & CO Investment Adviser LLC now owns 17,016 shares of the communications equipment provider’s stock worth $531,000 after buying an additional 709 shares during the period. LVZ Inc. boosted its stake in shares of Aviat Networks by 11.2% in the 4th quarter. LVZ Inc. now owns 8,268 shares of the communications equipment provider’s stock valued at $270,000 after buying an additional 834 shares during the period. Watershed Asset Management L.L.C. grew its position in shares of Aviat Networks by 9.9% during the fourth quarter. Watershed Asset Management L.L.C. now owns 9,346 shares of the communications equipment provider’s stock worth $305,000 after buying an additional 841 shares in the last quarter. Quantbot Technologies LP purchased a new stake in shares of Aviat Networks during the third quarter worth approximately $31,000. Finally, SG Americas Securities LLC raised its holdings in Aviat Networks by 30.4% in the fourth quarter. SG Americas Securities LLC now owns 6,218 shares of the communications equipment provider’s stock valued at $203,000 after acquiring an additional 1,450 shares in the last quarter. Institutional investors and hedge funds own 78.62% of the company’s stock.

Aviat Networks Price Performance

Shares of NASDAQ AVNW opened at $31.26 on Thursday. The stock has a fifty day moving average price of $34.67 and a 200 day moving average price of $32.46. Aviat Networks, Inc. has a 1-year low of $25.08 and a 1-year high of $38.85. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.12 and a quick ratio of 1.79. The company has a market cap of $392.63 million, a PE ratio of 27.66 and a beta of 1.78.

Aviat Networks (NASDAQ:AVNW) last released its earnings results on Wednesday, May 1st. The communications equipment provider reported $0.58 EPS for the quarter, missing the consensus estimate of $0.59 by ($0.01). Aviat Networks had a return on equity of 14.54% and a net margin of 3.54%. The firm had revenue of $111.61 million during the quarter, compared to analyst estimates of $113.56 million. During the same quarter last year, the business posted $0.61 EPS. Sell-side analysts forecast that Aviat Networks, Inc. will post 3.01 EPS for the current year.

Analyst Ratings Changes

AVNW has been the topic of a number of recent analyst reports. JMP Securities reissued a “market outperform” rating and issued a $50.00 price objective on shares of Aviat Networks in a research report on Monday, February 5th. StockNews.com raised Aviat Networks from a “hold” rating to a “buy” rating in a research report on Friday, May 3rd. Finally, B. Riley lowered their target price on shares of Aviat Networks from $59.00 to $55.00 and set a “buy” rating on the stock in a research report on Thursday, May 2nd. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $53.75.

Insider Buying and Selling at Aviat Networks

In other Aviat Networks news, CEO Pete A. Smith bought 1,000 shares of the business’s stock in a transaction dated Monday, May 6th. The stock was acquired at an average cost of $30.70 per share, with a total value of $30,700.00. Following the purchase, the chief executive officer now owns 242,199 shares in the company, valued at approximately $7,435,509.30. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 5.70% of the stock is owned by corporate insiders.

About Aviat Networks

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.