Aviat Networks, Inc. (NASDAQ:AVNW - Get Free Report) VP Erin Boase sold 4,767 shares of Aviat Networks stock in a transaction that occurred on Tuesday, June 24th. The shares were sold at an average price of $23.07, for a total value of $109,974.69. Following the completion of the sale, the vice president now directly owns 28,124 shares in the company, valued at approximately $648,820.68. This represents a 14.49% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.
Aviat Networks Stock Up 2.1%
NASDAQ:AVNW traded up $0.49 during trading hours on Wednesday, reaching $23.99. 76,958 shares of the stock were exchanged, compared to its average volume of 152,331. The stock has a market cap of $305.39 million, a PE ratio of -119.95 and a beta of 1.58. Aviat Networks, Inc. has a twelve month low of $12.96 and a twelve month high of $31.74. The firm has a 50 day moving average of $20.44 and a 200 day moving average of $19.69. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.62 and a quick ratio of 1.29.
Institutional Inflows and Outflows
Several large investors have recently added to or reduced their stakes in AVNW. GAMMA Investing LLC grew its position 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 valued at $50,000 after purchasing an additional 699 shares in the last quarter. Comerica Bank boosted its stake in shares of Aviat Networks by 40.2% during the 1st quarter. Comerica Bank now owns 2,720 shares of the communications equipment provider's stock worth $52,000 after buying an additional 780 shares during the last quarter. US Bancorp DE bought a new position in shares of Aviat Networks in the 1st quarter valued at about $82,000. Aquatic Capital Management LLC bought a new position in shares of Aviat Networks in the 4th quarter valued at about $106,000. Finally, AlphaQuest LLC acquired a new stake in shares of Aviat Networks in the fourth quarter valued at about $133,000. Institutional investors and hedge funds own 78.62% of the company's stock.
About Aviat Networks
(
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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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