D. E. Shaw & Co. Inc. Takes $1.87 Million Position in Aviat Networks, Inc. (NASDAQ:AVNW)

D. E. Shaw & Co. Inc. bought a new position in shares of Aviat Networks, Inc. (NASDAQ:AVNW - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 103,277 shares of the communications equipment provider's stock, valued at approximately $1,870,000. D. E. Shaw & Co. Inc. owned about 0.81% of Aviat Networks as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently bought and sold shares of AVNW. Hodges Capital Management Inc. boosted its position in Aviat Networks by 20.9% during the fourth quarter. Hodges Capital Management Inc. now owns 562,710 shares of the communications equipment provider's stock worth $10,190,000 after acquiring an additional 97,227 shares during the last quarter. AlphaQuest LLC purchased a new stake in shares of Aviat Networks in the fourth quarter valued at $133,000. Truvestments Capital LLC grew its position in shares of Aviat Networks by 8.0% in the fourth quarter. Truvestments Capital LLC now owns 10,723 shares of the communications equipment provider's stock valued at $194,000 after purchasing an additional 794 shares during the period. Connor Clark & Lunn Investment Management Ltd. grew its position in shares of Aviat Networks by 69.8% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 46,964 shares of the communications equipment provider's stock valued at $851,000 after purchasing an additional 19,306 shares during the period. Finally, First Eagle Investment Management LLC purchased a new stake in shares of Aviat Networks in the fourth quarter valued at $3,669,000. Institutional investors and hedge funds own 78.62% of the company's stock.

Analysts Set New Price Targets

AVNW has been the subject of a number of recent analyst reports. Northland Securities reaffirmed an "outperform" rating and issued a $30.00 price objective (up previously from $27.00) on shares of Aviat Networks in a research report on Wednesday, February 5th. Wall Street Zen raised shares of Aviat Networks from a "sell" rating to a "hold" rating in a research note on Wednesday, February 5th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $37.60.

Aviat Networks Trading Down 3.0%

Aviat Networks stock traded down $0.62 during midday trading on Friday, reaching $20.26. The stock had a trading volume of 88,870 shares, compared to its average volume of 150,014. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.37 and a current ratio of 1.68. Aviat Networks, Inc. has a twelve month low of $12.96 and a twelve month high of $31.74. The stock has a market capitalization of $257.14 million, a PE ratio of -101.29 and a beta of 1.67. The stock's 50-day simple moving average is $18.74 and its 200 day simple moving average is $18.65.

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.