Landscape Capital Management L.L.C. Buys Shares of 60,064 Aviat Networks, Inc. (NASDAQ:AVNW)

Landscape Capital Management L.L.C. bought a new position in shares of Aviat Networks, Inc. (NASDAQ:AVNW - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 60,064 shares of the communications equipment provider's stock, valued at approximately $1,088,000. Landscape Capital Management L.L.C. owned about 0.47% of Aviat Networks as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Perritt Capital Management Inc grew its position in shares of Aviat Networks by 65.4% in the fourth quarter. Perritt Capital Management Inc now owns 34,650 shares of the communications equipment provider's stock valued at $628,000 after purchasing an additional 13,700 shares in the last quarter. First Wilshire Securities Management Inc. purchased a new stake in Aviat Networks in the 4th quarter valued at $7,483,000. Geode Capital Management LLC grew its holdings in Aviat Networks by 0.4% in the 4th quarter. Geode Capital Management LLC now owns 272,119 shares of the communications equipment provider's stock valued at $4,929,000 after buying an additional 1,171 shares in the last quarter. Franklin Resources Inc. increased its stake in shares of Aviat Networks by 1.9% in the 4th quarter. Franklin Resources Inc. now owns 173,940 shares of the communications equipment provider's stock worth $3,150,000 after acquiring an additional 3,288 shares during the last quarter. Finally, WINTON GROUP Ltd purchased a new position in shares of Aviat Networks during the 4th quarter worth $320,000. Hedge funds and other institutional investors own 78.62% of the company's stock.

Wall Street Analysts Forecast Growth

AVNW has been the subject of a number of analyst reports. StockNews.com raised shares of Aviat Networks from a "sell" rating to a "hold" rating in a report on Wednesday, February 5th. Northland Securities reissued 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. One 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, Aviat Networks presently has a consensus rating of "Moderate Buy" and a consensus target price of $37.60.

Remove Ads

Aviat Networks Trading Up 3.0 %

NASDAQ AVNW traded up $0.50 during trading hours on Friday, reaching $17.13. The company had a trading volume of 108,645 shares, compared to its average volume of 151,197. The company has a current ratio of 1.68, a quick ratio of 1.37 and a debt-to-equity ratio of 0.29. The stock has a market capitalization of $217.28 million, a P/E ratio of -85.65 and a beta of 1.57. The stock has a 50-day moving average of $20.18 and a 200 day moving average of $19.12. Aviat Networks, Inc. has a 1-year low of $12.96 and a 1-year high of $34.66.

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