Kennedy Capital Management LLC Acquires Shares of 361,749 Aviat Networks, Inc. (NASDAQ:AVNW)

Kennedy Capital Management LLC bought a new position in Aviat Networks, Inc. (NASDAQ:AVNW - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 361,749 shares of the communications equipment provider's stock, valued at approximately $6,551,000. Kennedy Capital Management LLC owned 2.85% of Aviat Networks at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of AVNW. BNP Paribas Financial Markets raised its holdings in shares of Aviat Networks by 635.0% in the 3rd quarter. BNP Paribas Financial Markets now owns 14,244 shares of the communications equipment provider's stock worth $308,000 after buying an additional 12,306 shares in the last quarter. State Street Corp grew its holdings in shares of Aviat Networks by 1.6% in the 3rd quarter. State Street Corp now owns 237,689 shares of the communications equipment provider's stock worth $5,141,000 after purchasing an additional 3,855 shares during the last quarter. Jane Street Group LLC increased its position in shares of Aviat Networks by 59.1% during the 3rd quarter. Jane Street Group LLC now owns 24,737 shares of the communications equipment provider's stock worth $535,000 after purchasing an additional 9,186 shares in the last quarter. Barclays PLC grew its stake in Aviat Networks by 298.0% during the third quarter. Barclays PLC now owns 15,928 shares of the communications equipment provider's stock worth $344,000 after buying an additional 11,926 shares during the last quarter. Finally, Franklin Resources Inc. grew its position in Aviat Networks by 15.3% during the 3rd quarter. Franklin Resources Inc. now owns 170,652 shares of the communications equipment provider's stock worth $3,853,000 after acquiring an additional 22,665 shares during the last quarter. Institutional investors and hedge funds own 78.62% of the company's stock.

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Analyst Ratings Changes

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

Aviat Networks Stock Up 0.3 %

AVNW stock traded up $0.05 during midday trading on Tuesday, hitting $17.15. The company's stock had a trading volume of 63,987 shares, compared to its average volume of 151,240. The company's fifty day moving average price is $19.85 and its 200 day moving average price is $19.05. 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, Inc. has a twelve month low of $12.96 and a twelve month high of $34.50. The stock has a market capitalization of $217.53 million, a P/E ratio of -85.75 and a beta of 1.57.

Aviat Networks (NASDAQ:AVNW - Get Free Report) last announced its quarterly earnings data on Tuesday, February 4th. The communications equipment provider reported $0.66 EPS for the quarter, beating analysts' consensus estimates of $0.09 by $0.57. Aviat Networks had a negative net margin of 0.56% and a positive return on equity of 4.33%. As a group, equities research analysts predict that Aviat Networks, Inc. will post 0.5 EPS for the current year.

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.