Aviat Networks, Inc. (NASDAQ:AVNW) Stake Lowered by JPMorgan Chase & Co.

JPMorgan Chase & Co. reduced its stake in shares of Aviat Networks, Inc. (NASDAQ:AVNW - Free Report) by 73.7% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 95,900 shares of the communications equipment provider's stock after selling 268,200 shares during the quarter. JPMorgan Chase & Co. owned 0.76% of Aviat Networks worth $1,737,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Tieton Capital Management LLC raised its stake in shares of Aviat Networks by 998.2% during the fourth quarter. Tieton Capital Management LLC now owns 650,270 shares of the communications equipment provider's stock valued at $11,776,000 after purchasing an additional 591,055 shares during the period. Hodges Capital Management Inc. increased its stake in Aviat Networks by 20.9% during the 4th quarter. Hodges Capital Management Inc. now owns 562,710 shares of the communications equipment provider's stock worth $10,190,000 after buying an additional 97,227 shares during the period. State Street Corp increased its stake in Aviat Networks by 1.6% during the 3rd quarter. State Street Corp now owns 237,689 shares of the communications equipment provider's stock worth $5,141,000 after buying an additional 3,855 shares during the period. First Eagle Investment Management LLC acquired a new position in Aviat Networks in the 4th quarter worth $3,669,000. Finally, Franklin Resources Inc. boosted its position in Aviat Networks by 15.3% in 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. 78.62% of the stock is owned by institutional investors and hedge funds.

Aviat Networks Stock Up 0.2 %

NASDAQ:AVNW traded up $0.03 during mid-day trading on Monday, reaching $17.67. The stock had a trading volume of 34,005 shares, compared to its average volume of 151,241. The stock's 50 day simple moving average is $19.00 and its two-hundred day simple moving average is $18.82. Aviat Networks, Inc. has a 1-year low of $12.96 and a 1-year high of $34.50. The company has a market capitalization of $224.13 million, a price-to-earnings ratio of -88.35 and a beta of 1.57. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.68 and a quick ratio of 1.37.

Aviat Networks (NASDAQ:AVNW - Get Free Report) last issued its quarterly earnings results on Tuesday, February 4th. The communications equipment provider reported $0.66 earnings per share for the quarter, beating 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 anticipate that Aviat Networks, Inc. will post 0.5 EPS for the current year.

Analyst Upgrades and Downgrades

AVNW has been the topic of several recent analyst reports. Northland Securities reiterated an "outperform" rating and issued a $30.00 price target (up previously from $27.00) on shares of Aviat Networks in a research note on Wednesday, February 5th. StockNews.com raised Aviat Networks from a "sell" rating to a "hold" rating in a research report on Wednesday, February 5th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. Based on 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.