Brokerages Set Aviat Networks, Inc. (NASDAQ:AVNW) PT at $38.60

Shares of Aviat Networks, Inc. (NASDAQ:AVNW - Get Free Report) have been given a consensus rating of "Buy" by the five ratings firms that are presently covering the firm, MarketBeat Ratings reports. Five investment analysts have rated the stock with a buy rating. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $38.60.

Several equities analysts recently weighed in on the stock. Northland Securities cut their price objective on shares of Aviat Networks from $40.00 to $35.00 and set an "outperform" rating on the stock in a research report on Tuesday, October 8th. StockNews.com downgraded shares of Aviat Networks from a "hold" rating to a "sell" rating in a report on Thursday, November 7th. JMP Securities reiterated a "market outperform" rating and issued a $50.00 price objective on shares of Aviat Networks in a report on Tuesday, October 8th. Lake Street Capital cut their target price on Aviat Networks from $45.00 to $27.00 and set a "buy" rating on the stock in a report on Wednesday, November 6th. Finally, Roth Mkm reduced their price target on Aviat Networks from $43.00 to $39.00 and set a "buy" rating for the company in a research report on Wednesday, November 6th.

Insiders Place Their Bets

In other Aviat Networks news, CFO Michael Connaway acquired 3,500 shares of Aviat Networks stock in a transaction dated 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 completion of the transaction, the chief financial officer now owns 57,893 shares of the company's stock, valued at $818,028.09. The trade was a 6.43 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Pete A. Smith bought 3,000 shares of the company's stock in a transaction that occurred on Friday, November 8th. The shares were bought at an average cost of $14.13 per share, for a total transaction of $42,390.00. Following the transaction, the chief executive officer now directly owns 298,539 shares of the company's stock, valued at $4,218,356.07. This trade represents a 1.02 % increase in their position. The disclosure for this purchase can be found here. Insiders bought a total of 7,400 shares of company stock valued at $106,110 in the last quarter. Insiders own 4.10% of the company's stock.

Institutional Trading of Aviat Networks

Several hedge funds and other institutional investors have recently bought and sold shares of AVNW. Rhumbline Advisers grew its holdings in shares of Aviat Networks by 2.9% during the 2nd 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. Hotchkis & Wiley Capital Management LLC lifted its position in Aviat Networks by 1.1% in the third quarter. Hotchkis & Wiley Capital Management LLC now owns 99,300 shares of the communications equipment provider's stock worth $2,148,000 after purchasing an additional 1,100 shares during the period. GAMMA Investing LLC acquired a new stake in Aviat Networks during the fourth quarter worth $34,000. Delphi Management Inc. MA increased its holdings 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 buying an additional 2,337 shares during the period. Finally, 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 valued at $505,000 after buying an additional 2,375 shares during the period. 78.62% of the stock is currently owned by institutional investors and hedge funds.

Aviat Networks Stock Down 0.9 %

Shares of AVNW traded down $0.17 during midday trading on Monday, reaching $19.10. 120,276 shares of the stock were exchanged, compared to its average volume of 194,987. The company has a market cap of $242.38 million, a price-to-earnings ratio of -61.61 and a beta of 1.69. The company has a quick ratio of 1.40, a current ratio of 1.72 and a debt-to-equity ratio of 0.33. Aviat Networks has a 12-month low of $12.95 and a 12-month high of $38.85. The firm has a 50 day simple moving average of $17.08 and a 200-day simple moving average of $21.96.

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.