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

LSV Asset Management decreased its holdings in shares of Aviat Networks, Inc. (NASDAQ:AVNW) by 50.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 181,340 shares of the communications equipment provider’s stock after selling 186,351 shares during the quarter. LSV Asset Management’s holdings in Aviat Networks were worth $5,923,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of AVNW. Paradigm Capital Management Inc. NY grew its holdings in shares of Aviat Networks by 16.8% during the third quarter. Paradigm Capital Management Inc. NY now owns 877,812 shares of the communications equipment provider’s stock valued at $27,388,000 after purchasing an additional 126,101 shares during the last quarter. AWM Investment Company Inc. grew its stake in Aviat Networks by 146.4% during the 3rd quarter. AWM Investment Company Inc. now owns 123,639 shares of the communications equipment provider’s stock worth $3,858,000 after buying an additional 73,453 shares during the last quarter. SG Capital Management LLC acquired a new stake in Aviat Networks in the third quarter worth $2,140,000. B. Riley Asset Management LLC lifted its stake in Aviat Networks by 48.9% in the third quarter. B. Riley Asset Management LLC now owns 156,278 shares of the communications equipment provider’s stock valued at $4,876,000 after buying an additional 51,289 shares during the last quarter. Finally, First Dallas Securities Inc. acquired a new position in shares of Aviat Networks during the third quarter valued at $1,070,000. Institutional investors own 78.62% of the company’s stock.

Analysts Set New Price Targets

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

Insider Buying and Selling

In other Aviat Networks news, CEO Pete A. Smith purchased 1,000 shares of the business’s stock in a transaction on Monday, May 6th. The stock was bought at an average cost of $30.70 per share, with a total value of $30,700.00. Following the acquisition, the chief executive officer now owns 242,199 shares of the company’s stock, valued at $7,435,509.30. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 5.70% of the stock is owned by corporate insiders.

Aviat Networks Price Performance

NASDAQ AVNW opened at $31.26 on Thursday. Aviat Networks, Inc. has a 12 month low of $25.08 and a 12 month high of $38.85. The firm has a market capitalization of $392.63 million, a PE ratio of 27.66 and a beta of 1.78. The company’s 50 day simple moving average is $34.67 and its 200 day simple moving average is $32.46. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.12 and a quick ratio of 1.79.

Aviat Networks (NASDAQ:AVNW) last issued its quarterly earnings results on Wednesday, May 1st. The communications equipment provider reported $0.58 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 the consensus estimate of $113.56 million. During the same period in the previous year, the business posted $0.61 earnings per share. As a group, equities research analysts forecast 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.