Aviat Networks, Inc. (NASDAQ:AVNW) Given Average Recommendation of "Moderate Buy" by Analysts

Key Points

• Aviat Networks, Inc. has been given a "Moderate Buy" recommendation by analysts, with one sell rating and four buy ratings from the five analysts covering the firm.
• The average target price for Aviat Networks is $36.50, according to brokers who have reported on the stock over the past year.
• Institutional investors own 78.62% of Aviat Networks' stock, with notable increases in holdings from several hedge funds in the last quarter.

Shares of Aviat Networks, Inc. (NASDAQ:AVNW - Get Free Report) have been assigned an average recommendation of "Moderate Buy" from the five analysts that are currently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating and four have given a buy rating to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $36.50.

Several equities analysts recently issued reports on the stock. Weiss Ratings reiterated a "sell (d+)" rating on shares of Aviat Networks in a research report on Saturday, September 27th. Wall Street Zen upgraded shares of Aviat Networks from a "hold" rating to a "buy" rating in a research report on Saturday, September 13th.

Insiders Place Their Bets

In other Aviat Networks news, SVP Gary Croke sold 6,742 shares of the company's stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $22.41, for a total value of $151,088.22. Following the sale, the senior vice president owned 45,159 shares in the company, valued at approximately $1,012,013.19. This represents a 12.99% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 5.30% of the company's stock.

Institutional Investors Weigh In On Aviat Networks

Hedge funds and other institutional investors have recently bought and sold shares of the business. GAMMA Investing LLC grew its holdings in Aviat Networks by 36.9% in the first quarter. GAMMA Investing LLC now owns 2,592 shares of the communications equipment provider's stock worth $50,000 after purchasing an additional 699 shares during the period. Pacific Ridge Capital Partners LLC purchased a new stake in Aviat Networks in the first quarter worth about $3,120,000. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Aviat Networks during the first quarter valued at approximately $632,000. US Bancorp DE purchased a new stake in shares of Aviat Networks during the first quarter valued at approximately $82,000. Finally, Bank of America Corp DE grew its holdings in shares of Aviat Networks by 125.4% during the fourth quarter. Bank of America Corp DE now owns 35,072 shares of the communications equipment provider's stock valued at $635,000 after buying an additional 19,511 shares during the last quarter. Hedge funds and other institutional investors own 78.62% of the company's stock.

Aviat Networks Trading Up 1.5%

Shares of NASDAQ AVNW traded up $0.34 during midday trading on Friday, hitting $22.79. 65,659 shares of the company traded hands, compared to its average volume of 117,016. Aviat Networks has a 12-month low of $12.95 and a 12-month high of $26.83. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.35 and a current ratio of 1.64. The stock has a 50-day moving average price of $22.60 and a 200 day moving average price of $21.42. The firm has a market cap of $291.71 million, a P/E ratio of 284.91 and a beta of 1.61.

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.

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