First Wilshire Securities Management Inc. Buys Shares of 413,192 Aviat Networks, Inc. (NASDAQ:AVNW)

First Wilshire Securities Management Inc. acquired a new position in Aviat Networks, Inc. (NASDAQ:AVNW - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 413,192 shares of the communications equipment provider's stock, valued at approximately $7,483,000. Aviat Networks accounts for approximately 2.0% of First Wilshire Securities Management Inc.'s investment portfolio, making the stock its 15th biggest position. First Wilshire Securities Management Inc. owned 3.26% of Aviat Networks as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. GAMMA Investing LLC purchased a new stake in shares of Aviat Networks in the 4th quarter worth approximately $34,000. AlphaQuest LLC bought a new stake in Aviat Networks during the 4th quarter valued at $133,000. Quantbot Technologies LP purchased a new position in shares of Aviat Networks in the 4th quarter valued at $156,000. Truvestments Capital LLC increased its holdings in shares of Aviat Networks by 8.0% in the 4th quarter. Truvestments Capital LLC now owns 10,723 shares of the communications equipment provider's stock valued at $194,000 after acquiring an additional 794 shares during the period. Finally, BNP Paribas Financial Markets grew 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 purchasing an additional 12,306 shares during the last quarter. Institutional investors own 78.62% of the company's stock.

Analyst Ratings Changes

Several research analysts recently commented on AVNW shares. Northland Securities reiterated an "outperform" rating and set a $30.00 price objective (up previously from $27.00) on shares of Aviat Networks in a research note on Wednesday, February 5th. StockNews.com upgraded Aviat Networks from a "sell" rating to a "hold" rating in a report on Wednesday, February 5th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $37.60.

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Aviat Networks Stock Performance

Shares of Aviat Networks stock traded down $0.78 during trading on Friday, hitting $16.87. 188,387 shares of the company's stock were exchanged, compared to its average volume of 150,015. Aviat Networks, Inc. has a 52-week low of $12.96 and a 52-week high of $35.56. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.37 and a current ratio of 1.68. The stock has a market capitalization of $213.98 million, a price-to-earnings ratio of -84.35 and a beta of 1.57. The business has a 50-day simple moving average of $20.46 and a 200-day simple moving average of $19.37.

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

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.