Aviat Networks, Inc. (NASDAQ:AVNW) Shares Bought by Marshall Wace LLP

Marshall Wace LLP grew its stake in shares of Aviat Networks, Inc. (NASDAQ:AVNW - Free Report) by 475.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 230,012 shares of the communications equipment provider's stock after acquiring an additional 190,074 shares during the quarter. Marshall Wace LLP owned about 1.81% of Aviat Networks worth $4,166,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. GAMMA Investing LLC acquired a new position in Aviat Networks during the 4th quarter valued at approximately $34,000. AlphaQuest LLC purchased a new stake in shares of Aviat Networks during the fourth quarter valued at $133,000. Quantbot Technologies LP acquired a new position in shares of Aviat Networks in the 4th quarter valued at $156,000. Truvestments Capital LLC increased its position 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, Walleye Capital LLC purchased a new position in Aviat Networks in the 4th quarter worth $248,000. 78.62% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have weighed in on AVNW. Northland Securities reiterated an "outperform" rating and set 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 upgraded 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 assigned a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $37.60.

Aviat Networks Stock Performance

NASDAQ AVNW traded up $0.03 during mid-day trading on Monday, reaching $17.67. 34,005 shares of the stock were exchanged, compared to its average volume of 151,241. The company has a market capitalization of $224.13 million, a P/E ratio of -88.35 and a beta of 1.57. 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 business's 50 day moving average is $19.00 and its 200-day moving average is $18.82. Aviat Networks, Inc. has a 1 year low of $12.96 and a 1 year high of $34.50.

Aviat Networks (NASDAQ:AVNW - Get Free Report) last posted its earnings results 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 negative net margin of 0.56% and a positive return on equity of 4.33%. On average, equities research analysts forecast that Aviat Networks, Inc. will post 0.5 EPS for the current fiscal 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.