Swiss National Bank Has $8.54 Million Stock Holdings in AeroVironment, Inc. (NASDAQ:AVAV)

Swiss National Bank raised its position in AeroVironment, Inc. (NASDAQ:AVAV) by 1.1% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 55,500 shares of the aerospace company’s stock after purchasing an additional 600 shares during the period. Swiss National Bank owned approximately 0.20% of AeroVironment worth $8,541,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the company. Baillie Gifford & Co. grew its holdings in shares of AeroVironment by 9.4% in the 4th quarter. Baillie Gifford & Co. now owns 2,135,280 shares of the aerospace company’s stock valued at $328,598,000 after buying an additional 183,887 shares during the period. State Street Corp increased its holdings in shares of AeroVironment by 0.5% in the third quarter. State Street Corp now owns 1,582,871 shares of the aerospace company’s stock worth $317,366,000 after acquiring an additional 7,471 shares in the last quarter. Geode Capital Management LLC raised its position in shares of AeroVironment by 0.8% during the third quarter. Geode Capital Management LLC now owns 634,189 shares of the aerospace company’s stock worth $127,180,000 after purchasing an additional 4,948 shares during the period. Heard Capital LLC lifted its holdings in shares of AeroVironment by 25.5% during the 3rd quarter. Heard Capital LLC now owns 592,136 shares of the aerospace company’s stock valued at $118,723,000 after purchasing an additional 120,447 shares in the last quarter. Finally, Stephens Investment Management Group LLC grew its position in shares of AeroVironment by 40.0% in the 4th quarter. Stephens Investment Management Group LLC now owns 541,541 shares of the aerospace company’s stock valued at $83,338,000 after purchasing an additional 154,703 shares during the period. Institutional investors own 86.38% of the company’s stock.

AeroVironment Price Performance

NASDAQ AVAV opened at $125.01 on Friday. The firm’s 50 day moving average is $156.36 and its 200-day moving average is $178.73. The company has a quick ratio of 3.36, a current ratio of 4.61 and a debt-to-equity ratio of 0.02. The company has a market capitalization of $3.53 billion, a PE ratio of 71.84 and a beta of 0.42. AeroVironment, Inc. has a 12-month low of $110.07 and a 12-month high of $236.60.

Analyst Upgrades and Downgrades

AVAV has been the topic of several research analyst reports. Robert W. Baird dropped their target price on shares of AeroVironment from $220.00 to $146.00 and set an “outperform” rating on the stock in a report on Wednesday, March 5th. William Blair restated an “outperform” rating on shares of AeroVironment in a report on Wednesday, March 5th. Finally, Jefferies Financial Group reduced their target price on shares of AeroVironment from $230.00 to $190.00 and set a “buy” rating for the company in a research note on Wednesday, March 5th. One research analyst has rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $202.40.

About AeroVironment

AeroVironment, Inc designs, develops, produces, delivers, and supports a portfolio of robotic systems and related services for government agencies and businesses in the United States and internationally. It operates through Small Unmanned Aircraft Systems (SUAS), Tactical Missile System (TMS), Medium Unmanned Aircraft Systems (MUAS), and High Altitude Pseudo-Satellite Systems (HAPS) segments.