Aviat Networks, Inc. (NASDAQ:AVNW) CEO Pete A. Smith Buys 1,000 Shares of Stock

Aviat Networks, Inc. (NASDAQ:AVNW) CEO Pete A. Smith purchased 1,000 shares of the firm’s stock in a transaction dated Monday, May 6th. The shares were bought at an average price 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 $7,435,509.30. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

Aviat Networks Stock Down 0.4 %

Shares of NASDAQ AVNW opened at $31.17 on Wednesday. The business has a 50-day simple moving average of $34.75 and a two-hundred day simple moving average of $32.47. Aviat Networks, Inc. has a 52 week low of $25.08 and a 52 week high of $38.85. The company has a market cap of $391.50 million, a P/E ratio of 27.58 and a beta of 1.78. The company has a quick ratio of 1.79, a current ratio of 2.12 and a debt-to-equity ratio of 0.18.

Aviat Networks (NASDAQ:AVNW) last issued its quarterly earnings data 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 net margin of 3.54% and a return on equity of 14.54%. The firm had revenue of $111.61 million for the quarter, compared to analysts’ expectations of $113.56 million. During the same period in the prior year, the firm posted $0.61 EPS. Research analysts anticipate that Aviat Networks, Inc. will post 3.01 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Aviat Networks

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Campbell & CO Investment Adviser LLC grew its position in 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 in the last quarter. LVZ Inc. grew its holdings in shares of Aviat Networks by 11.2% during the fourth quarter. LVZ Inc. now owns 8,268 shares of the communications equipment provider’s stock worth $270,000 after purchasing an additional 834 shares in the last quarter. Watershed Asset Management L.L.C. grew its holdings 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 purchasing an additional 841 shares in the last quarter. Quantbot Technologies LP bought a new position in shares of Aviat Networks in the third quarter worth approximately $31,000. Finally, SG Americas Securities LLC raised its stake 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 purchasing an additional 1,450 shares in the last quarter. Hedge funds and other institutional investors own 78.62% of the company’s stock.

Analyst Upgrades and Downgrades

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

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.