Assenagon Asset Management S.A. Acquires New Position in Aviat Networks, Inc. (NASDAQ:AVNW)

Assenagon Asset Management S.A. bought a new stake in shares of Aviat Networks, Inc. (NASDAQ:AVNW - Free Report) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 27,213 shares of the communications equipment provider's stock, valued at approximately $589,000. Assenagon Asset Management S.A. owned 0.22% of Aviat Networks as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in AVNW. nVerses Capital LLC acquired a new stake in Aviat Networks during the 2nd quarter valued at approximately $29,000. NBC Securities Inc. acquired a new stake in shares of Aviat Networks during the 3rd quarter worth approximately $62,000. BNP Paribas Financial Markets grew its position in shares of Aviat Networks by 84.8% during the 1st quarter. BNP Paribas Financial Markets now owns 5,475 shares of the communications equipment provider's stock worth $210,000 after buying an additional 2,513 shares during the period. Covestor Ltd grew its position in shares of Aviat Networks by 309.8% during the 1st quarter. Covestor Ltd now owns 5,934 shares of the communications equipment provider's stock worth $228,000 after buying an additional 4,486 shares during the period. Finally, Truvestments Capital LLC grew its position in shares of Aviat Networks by 26.2% during the 1st quarter. Truvestments Capital LLC now owns 10,654 shares of the communications equipment provider's stock worth $408,000 after buying an additional 2,213 shares during the period. Institutional investors and hedge funds own 78.62% of the company's stock.

Analyst Ratings Changes

Several analysts have recently commented on AVNW shares. StockNews.com downgraded shares of Aviat Networks from a "buy" rating to a "hold" rating in a research report on Tuesday, October 15th. JMP Securities reissued a "market outperform" rating and issued a $50.00 price target on shares of Aviat Networks in a research report on Tuesday, October 8th. Lake Street Capital reduced their price target on shares of Aviat Networks from $51.00 to $45.00 and set a "buy" rating for the company in a research report on Tuesday, October 8th. B. Riley reduced their price target on shares of Aviat Networks from $55.00 to $42.00 and set a "buy" rating for the company in a research report on Friday, September 13th. Finally, Northland Securities reduced their price target on shares of Aviat Networks from $40.00 to $35.00 and set an "outperform" rating for the company in a research report on Tuesday, October 8th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $43.00.

Aviat Networks Stock Down 1.0 %

NASDAQ:AVNW traded down $0.20 during trading hours on Friday, hitting $20.25. 98,977 shares of the company traded hands, compared to its average volume of 165,489. The company has a quick ratio of 1.57, a current ratio of 1.85 and a debt-to-equity ratio of 0.18. The firm's 50-day simple moving average is $22.92 and its 200-day simple moving average is $27.39. Aviat Networks, Inc. has a one year low of $18.00 and a one year high of $38.85. The company has a market cap of $256.77 million, a PE ratio of 20.88 and a beta of 1.81.

Aviat Networks (NASDAQ:AVNW - Get Free Report) last issued its quarterly earnings data on Friday, October 4th. The communications equipment provider reported $0.58 earnings per share for the quarter. Aviat Networks had a return on equity of 13.47% and a net margin of 2.89%. The business had revenue of $116.66 million for the quarter. Equities analysts predict that Aviat Networks, Inc. will post 2.08 earnings per share 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.