Aviat Networks, Inc. (NASDAQ:AVNW) VP Sells $140,850.00 in Stock

Aviat Networks, Inc. (NASDAQ:AVNW - Get Free Report) VP Erin Boase sold 5,634 shares of the company's stock in a transaction dated Thursday, July 3rd. The shares were sold at an average price of $25.00, for a total transaction of $140,850.00. Following the completion of the sale, the vice president directly owned 22,290 shares in the company, valued at approximately $557,250. The trade was a 20.18% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Erin Boase also recently made the following trade(s):

• On Tuesday, July 1st, Erin Boase sold 200 shares of Aviat Networks stock. The stock was sold at an average price of $25.00, for a total transaction of $5,000.00.
• On Tuesday, June 24th, Erin Boase sold 4,767 shares of Aviat Networks stock. The shares were sold at an average price of $23.07, for a total value of $109,974.69.

Aviat Networks Price Performance

Shares of Aviat Networks stock traded down $0.50 during midday trading on Monday, hitting $24.32. 91,841 shares of the company were exchanged, compared to its average volume of 153,427. The firm has a 50 day simple moving average of $21.58 and a 200-day simple moving average of $20.09. 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 firm has a market cap of $309.72 million, a P/E ratio of -121.60 and a beta of 1.58. Aviat Networks, Inc. has a 52 week low of $12.96 and a 52 week high of $31.74.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of AVNW. GAMMA Investing LLC boosted its stake in shares of Aviat Networks by 36.9% in the 1st 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 lifted its holdings in Aviat Networks by 40.2% during the 1st quarter. Comerica Bank now owns 2,720 shares of the communications equipment provider's stock valued at $52,000 after purchasing an additional 780 shares during the last quarter. US Bancorp DE acquired a new position in Aviat Networks in the first quarter valued at about $82,000. Aquatic Capital Management LLC acquired a new position in Aviat Networks in the fourth quarter valued at about $106,000. Finally, AlphaQuest LLC bought a new stake in Aviat Networks during the fourth quarter worth about $133,000. 78.62% of the stock is currently owned by institutional investors and hedge funds.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.