Aviat Networks, Inc. (NASDAQ:AVNW) Shares Sold by 272 Capital LP

272 Capital LP reduced its position in Aviat Networks, Inc. (NASDAQ:AVNW - Free Report) by 87.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 21,221 shares of the communications equipment provider's stock after selling 145,151 shares during the period. 272 Capital LP owned about 0.17% of Aviat Networks worth $459,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in AVNW. Rhumbline Advisers boosted its position in Aviat Networks by 2.9% during the second quarter. Rhumbline Advisers now owns 18,716 shares of the communications equipment provider's stock worth $537,000 after purchasing an additional 523 shares in the last quarter. nVerses Capital LLC purchased a new position in shares of Aviat Networks during the 2nd quarter valued at approximately $29,000. Delphi Management Inc. MA grew its stake in Aviat Networks by 10.9% in the 2nd quarter. Delphi Management Inc. MA now owns 23,788 shares of the communications equipment provider's stock valued at $682,000 after acquiring an additional 2,337 shares during the period. American Century Companies Inc. increased its holdings in Aviat Networks by 15.6% in the 2nd quarter. American Century Companies Inc. now owns 17,604 shares of the communications equipment provider's stock worth $505,000 after acquiring an additional 2,375 shares in the last quarter. Finally, Bright Futures Wealth Management LLC. raised its position in Aviat Networks by 16.2% during the second quarter. Bright Futures Wealth Management LLC. now owns 17,022 shares of the communications equipment provider's stock worth $484,000 after acquiring an additional 2,375 shares during the period. 78.62% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

AVNW has been the subject of several research reports. JMP Securities reiterated a "market outperform" rating and set a $50.00 price objective on shares of Aviat Networks in a research note on Tuesday, October 8th. B. Riley dropped their price target on Aviat Networks from $55.00 to $42.00 and set a "buy" rating for the company in a research report on Friday, September 13th. Northland Securities decreased their price objective on Aviat Networks from $40.00 to $35.00 and set an "outperform" rating on the stock in a report on Tuesday, October 8th. Lake Street Capital dropped their target price on shares of Aviat Networks from $45.00 to $27.00 and set a "buy" rating for the company in a report on Wednesday, November 6th. Finally, StockNews.com downgraded shares of Aviat Networks from a "hold" rating to a "sell" rating in a research note on Thursday, November 7th. One equities research analyst has rated the stock with a sell rating and five have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $38.60.

Aviat Networks Trading Up 1.0 %

Shares of Aviat Networks stock traded up $0.16 on Friday, reaching $15.83. The company had a trading volume of 50,967 shares, compared to its average volume of 313,178. The firm's 50 day moving average price is $19.14 and its two-hundred day moving average price is $25.03. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.40 and a current ratio of 1.72. Aviat Networks, Inc. has a 52-week low of $12.95 and a 52-week high of $38.85. The firm has a market cap of $200.88 million, a PE ratio of -51.06 and a beta of 1.81.

Aviat Networks (NASDAQ:AVNW - Get Free Report) last posted its earnings results on Friday, October 4th. The communications equipment provider reported $0.58 earnings per share (EPS) for the quarter. The firm had revenue of $116.66 million for the quarter. Aviat Networks had a positive return on equity of 4.94% and a negative net margin of 0.98%. Sell-side analysts predict that Aviat Networks, Inc. will post 1.13 earnings per share for the current fiscal year.

Insider Transactions at Aviat Networks

In other Aviat Networks news, CFO Michael Connaway purchased 3,500 shares of the firm's stock in a transaction on Friday, November 8th. The stock was bought at an average cost of $14.13 per share, with a total value of $49,455.00. Following the acquisition, the chief financial officer now directly owns 57,893 shares of the company's stock, valued at approximately $818,028.09. This represents a 6.43 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Pete A. Smith bought 3,000 shares of the firm's stock in a transaction that occurred on Friday, November 8th. The shares were acquired at an average price of $14.13 per share, with a total value of $42,390.00. Following the purchase, the chief executive officer now owns 298,539 shares of the company's stock, valued at $4,218,356.07. The trade was a 1.02 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 4.10% of the company's stock.

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.