Perritt Capital Management Inc Purchases 13,700 Shares of Aviat Networks, Inc. (NASDAQ:AVNW)

Perritt Capital Management Inc raised its stake in Aviat Networks, Inc. (NASDAQ:AVNW - Free Report) by 65.4% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 34,650 shares of the communications equipment provider's stock after buying an additional 13,700 shares during the quarter. Perritt Capital Management Inc owned 0.27% of Aviat Networks worth $628,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Truvestments Capital LLC grew its position in Aviat Networks by 8.0% in the fourth quarter. Truvestments Capital LLC now owns 10,723 shares of the communications equipment provider's stock worth $194,000 after acquiring an additional 794 shares in the last quarter. Hotchkis & Wiley Capital Management LLC raised its stake in shares of Aviat Networks by 1.1% in the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 99,300 shares of the communications equipment provider's stock valued at $2,148,000 after acquiring an additional 1,100 shares in the last quarter. Geode Capital Management LLC lifted 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 worth $4,929,000 after purchasing an additional 1,171 shares during the last quarter. GAMMA Investing LLC acquired a new stake in Aviat Networks in the 4th quarter worth approximately $34,000. Finally, American Century Companies Inc. boosted its position in Aviat Networks by 12.0% during the fourth quarter. American Century Companies Inc. now owns 22,845 shares of the communications equipment provider's stock worth $414,000 after purchasing an additional 2,440 shares during the period. Hedge funds and other institutional investors own 78.62% of the company's stock.

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Analyst Upgrades and Downgrades

AVNW has been the subject of a number of analyst reports. Northland Securities restated an "outperform" rating and issued a $30.00 price objective (up from $27.00) on shares of Aviat Networks in a research note on Wednesday, February 5th. StockNews.com upgraded shares of Aviat Networks from a "sell" rating to a "hold" rating in a report on Wednesday, February 5th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, Aviat Networks presently has an average rating of "Moderate Buy" and an average price target of $37.60.

Aviat Networks Stock Performance

Shares of AVNW traded down $0.16 during mid-day trading on Monday, hitting $16.71. The company's stock had a trading volume of 73,950 shares, compared to its average volume of 149,716. The stock's 50-day moving average is $20.46 and its two-hundred day moving average is $19.35. The firm has a market capitalization of $211.96 million, a PE ratio of -83.24 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. Aviat Networks, Inc. has a one year low of $12.96 and a one year high of $35.56.

Aviat Networks (NASDAQ:AVNW - Get Free Report) last released its earnings results on Tuesday, February 4th. The communications equipment provider reported $0.66 EPS for the quarter, beating 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%. As a group, sell-side analysts anticipate 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.