Royce & Associates LP Sells 51,515 Shares of Aviat Networks, Inc. (NASDAQ:AVNW)

Royce & Associates LP reduced its stake in shares of Aviat Networks, Inc. (NASDAQ:AVNW - Free Report) by 7.4% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 644,879 shares of the communications equipment provider's stock after selling 51,515 shares during the quarter. Royce & Associates LP owned 5.09% of Aviat Networks worth $11,679,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. GAMMA Investing LLC acquired a new stake in Aviat Networks during the fourth quarter worth about $34,000. AlphaQuest LLC bought a new stake in shares of Aviat Networks during the 4th quarter worth approximately $133,000. Truvestments Capital LLC boosted its position in shares of Aviat Networks by 8.0% during the 4th quarter. Truvestments Capital LLC now owns 10,723 shares of the communications equipment provider's stock worth $194,000 after acquiring an additional 794 shares in the last quarter. Dynamic Technology Lab Private Ltd bought a new position in Aviat Networks in the third quarter valued at approximately $263,000. Finally, BNP Paribas Financial Markets increased its stake in Aviat Networks by 635.0% in the third quarter. BNP Paribas Financial Markets now owns 14,244 shares of the communications equipment provider's stock valued at $308,000 after acquiring an additional 12,306 shares during the last quarter. Institutional investors own 78.62% of the company's stock.

Aviat Networks Price Performance

Shares of NASDAQ:AVNW traded down $0.20 during trading on Friday, hitting $19.65. 104,016 shares of the company were exchanged, compared to its average volume of 146,830. Aviat Networks, Inc. has a 1-year low of $12.96 and a 1-year high of $38.85. The company has a market capitalization of $249.24 million, a P/E ratio of -98.25 and a beta of 1.67. The company has a quick ratio of 1.37, a current ratio of 1.68 and a debt-to-equity ratio of 0.29. The business's 50 day moving average is $20.47 and its 200-day moving average is $19.80.

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Aviat Networks (NASDAQ:AVNW - Get Free Report) last issued its earnings results on Tuesday, February 4th. The communications equipment provider reported $0.66 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.09 by $0.57. Aviat Networks had a positive return on equity of 4.33% and a negative net margin of 0.56%. Equities analysts forecast that Aviat Networks, Inc. will post 0.5 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. Northland Securities reaffirmed an "outperform" rating and issued a $30.00 target price (up previously from $27.00) on shares of Aviat Networks in a report on Wednesday, February 5th. StockNews.com upgraded Aviat Networks from a "sell" rating to a "hold" rating in a research report on Wednesday, February 5th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, Aviat Networks currently has a consensus rating of "Moderate Buy" and an average price target of $37.60.

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.