Aviat Networks, Inc. (NASDAQ:AVNW) Shares Purchased by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. increased its position in Aviat Networks, Inc. (NASDAQ:AVNW - Free Report) by 69.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 46,964 shares of the communications equipment provider's stock after acquiring an additional 19,306 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned approximately 0.37% of Aviat Networks worth $851,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in AVNW. Hodges Capital Management Inc. increased its stake in shares of Aviat Networks by 27.3% in the third quarter. Hodges Capital Management Inc. now owns 465,483 shares of the communications equipment provider's stock worth $10,068,000 after acquiring an additional 99,948 shares during the period. Tieton Capital Management LLC acquired a new stake in Aviat Networks during the 3rd quarter worth about $1,281,000. Franklin Resources Inc. raised its stake in shares of Aviat Networks by 15.3% during the 3rd quarter. Franklin Resources Inc. now owns 170,652 shares of the communications equipment provider's stock valued at $3,853,000 after buying an additional 22,665 shares during the last quarter. PDT Partners LLC acquired a new position in shares of Aviat Networks in the 3rd quarter valued at about $372,000. Finally, Paloma Partners Management Co purchased a new stake in shares of Aviat Networks in the third quarter worth about $357,000. Institutional investors and hedge funds own 78.62% of the company's stock.

Aviat Networks Price Performance

Shares of NASDAQ AVNW traded down $0.51 during trading on Tuesday, hitting $19.70. The company had a trading volume of 59,883 shares, compared to its average volume of 147,100. The firm has a market capitalization of $249.87 million, a price-to-earnings ratio of -98.50 and a beta of 1.67. The stock has a fifty day simple moving average of $20.53 and a two-hundred day simple moving average of $19.61. The company has a quick ratio of 1.37, a current ratio of 1.68 and a debt-to-equity ratio of 0.29. Aviat Networks, Inc. has a fifty-two week low of $12.96 and a fifty-two week high of $38.85.

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Aviat Networks (NASDAQ:AVNW - Get Free Report) last posted its quarterly earnings data on Tuesday, February 4th. The communications equipment provider reported $0.66 earnings per share (EPS) for the quarter, topping the consensus estimate 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%. On average, research analysts expect that Aviat Networks, Inc. will post 0.5 earnings per share for the current year.

Analyst Ratings Changes

AVNW has been the subject of several recent research reports. Northland Securities reiterated an "outperform" rating and set a $30.00 price target (up from $27.00) on shares of Aviat Networks in a research report on Wednesday, February 5th. StockNews.com raised shares of Aviat Networks from a "sell" rating to a "hold" rating in a report on Wednesday, February 5th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average 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.