Aviat Networks, Inc. (NASDAQ:AVNW - Get Free Report) shares passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $21.22 and traded as high as $24.37. Aviat Networks shares last traded at $23.97, with a volume of 102,143 shares trading hands.
Analysts Set New Price Targets
Separately, Wall Street Zen upgraded Aviat Networks from a "hold" rating to a "buy" rating in a research note on Saturday, September 13th. Four analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock has an average rating of "Buy" and a consensus target price of $36.50.
Get Our Latest Analysis on Aviat Networks
Aviat Networks Stock Up 0.9%
The firm has a market cap of $305.14 million, a PE ratio of 299.66 and a beta of 1.59. The stock has a 50 day simple moving average of $22.75 and a 200-day simple moving average of $21.22. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.64 and a quick ratio of 1.35.
Insiders Place Their Bets
In related news, VP Erin Boase sold 5,634 shares of Aviat Networks stock in a transaction on Thursday, July 3rd. The stock was sold at an average price of $25.00, for a total value of $140,850.00. Following the completion of the sale, the vice president owned 22,290 shares of the company's stock, valued at $557,250. The trade was a 20.18% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Gary Croke sold 6,742 shares of Aviat Networks stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $22.41, for a total value of $151,088.22. Following the completion of the sale, the senior vice president directly owned 45,159 shares of the company's stock, valued at $1,012,013.19. The trade was a 12.99% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 12,576 shares of company stock valued at $296,938. Corporate insiders own 4.10% of the company's stock.
Institutional Trading of Aviat Networks
Several hedge funds have recently bought and sold shares of the stock. Northern Trust Corp lifted its position in shares of Aviat Networks by 1.3% in the fourth quarter. Northern Trust Corp now owns 101,091 shares of the communications equipment provider's stock valued at $1,831,000 after acquiring an additional 1,321 shares in the last quarter. Bank of America Corp DE raised its position in 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 purchasing an additional 19,511 shares during the period. Squarepoint Ops LLC grew its stake in shares of Aviat Networks by 32.3% during the fourth quarter. Squarepoint Ops LLC now owns 75,080 shares of the communications equipment provider's stock valued at $1,360,000 after buying an additional 18,328 shares during the last quarter. GAMMA Investing LLC grew its stake in shares of Aviat Networks by 2,524.9% during the first quarter. GAMMA Investing LLC now owns 49,689 shares of the communications equipment provider's stock valued at $953,000 after buying an additional 47,796 shares during the last quarter. Finally, NBC Securities Inc. bought a new position in shares of Aviat Networks during the first quarter valued at approximately $274,000. Institutional investors own 78.62% of the company's stock.
About Aviat Networks
(
Get Free Report)
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.
Further Reading
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