Aviat Networks, Inc. (NASDAQ:AVNW) VP Sells $109,974.69 in Stock

Aviat Networks, Inc. (NASDAQ:AVNW - Get Free Report) VP Erin Boase sold 4,767 shares of the company's stock in a transaction on Tuesday, June 24th. The stock was sold at an average price of $23.07, for a total value of $109,974.69. Following the sale, the vice president now owns 28,124 shares of the company's stock, valued at approximately $648,820.68. The trade was a 14.49% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Aviat Networks Price Performance

NASDAQ AVNW remained flat at $23.94 during trading hours on Friday. The company had a trading volume of 161,340 shares, compared to its average volume of 153,301. Aviat Networks, Inc. has a 52-week low of $12.96 and a 52-week high of $31.74. The stock has a market cap of $304.76 million, a P/E ratio of -119.70 and a beta of 1.58. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.62 and a quick ratio of 1.29. The business's fifty day moving average is $20.85 and its 200 day moving average is $19.81.

Hedge Funds Weigh In On Aviat Networks

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. GAMMA Investing LLC lifted its position in shares of Aviat Networks by 36.9% during 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 last quarter. Comerica Bank lifted its position in shares of Aviat Networks by 40.2% during the first quarter. Comerica Bank now owns 2,720 shares of the communications equipment provider's stock worth $52,000 after purchasing an additional 780 shares during the last quarter. US Bancorp DE bought a new position in shares of Aviat Networks during the first quarter worth about $82,000. Aquatic Capital Management LLC bought a new position in shares of Aviat Networks during the fourth quarter worth about $106,000. Finally, AlphaQuest LLC bought a new position in shares of Aviat Networks during the fourth quarter worth about $133,000. 78.62% of the stock is owned by hedge funds and other institutional investors.

About Aviat Networks

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.