Aviat Networks, Inc. (NASDAQ:AVNW) Shares Sold by Russell Investments Group Ltd.

Russell Investments Group Ltd. trimmed its holdings in Aviat Networks, Inc. (NASDAQ:AVNW - Free Report) by 47.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,745 shares of the communications equipment provider's stock after selling 21,221 shares during the quarter. Russell Investments Group Ltd. owned about 0.19% of Aviat Networks worth $430,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of AVNW. Tieton Capital Management LLC increased its position in shares of Aviat Networks by 998.2% during the fourth quarter. Tieton Capital Management LLC now owns 650,270 shares of the communications equipment provider's stock valued at $11,776,000 after acquiring an additional 591,055 shares in the last quarter. First Wilshire Securities Management Inc. bought a new position in Aviat Networks in the fourth quarter worth approximately $7,483,000. First Eagle Investment Management LLC purchased a new position in Aviat Networks during the fourth quarter valued at $3,669,000. Hodges Capital Management Inc. grew its stake in shares of Aviat Networks by 20.9% during the 4th quarter. Hodges Capital Management Inc. now owns 562,710 shares of the communications equipment provider's stock valued at $10,190,000 after acquiring an additional 97,227 shares during the period. Finally, Landscape Capital Management L.L.C. bought a new position in shares of Aviat Networks in the fourth quarter worth approximately $1,088,000. Institutional investors own 78.62% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. StockNews.com upgraded Aviat Networks from a "sell" rating to a "hold" rating in a research report on Wednesday, February 5th. Northland Securities restated 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 equities research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $37.60.

Aviat Networks Price Performance

Shares of NASDAQ AVNW traded up $0.02 during midday trading on Monday, reaching $17.66. 18,643 shares of the stock traded hands, compared to its average volume of 151,181. The stock has a market capitalization of $223.94 million, a PE ratio of -88.27 and a beta of 1.57. Aviat Networks, Inc. has a one year low of $12.96 and a one year high of $34.50. The company's 50 day moving average is $19.00 and its 200 day moving average is $18.82. 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 (NASDAQ:AVNW - Get Free Report) last posted its quarterly earnings data 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 positive return on equity of 4.33% and a negative net margin of 0.56%. On average, equities research analysts anticipate that Aviat Networks, Inc. will post 0.5 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.