Ameriprise Financial Inc. Has $660,000 Stock Holdings in Aviat Networks, Inc. (NASDAQ:AVNW)

Ameriprise Financial Inc. trimmed its position in Aviat Networks, Inc. (NASDAQ:AVNW - Free Report) by 26.7% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 36,448 shares of the communications equipment provider's stock after selling 13,273 shares during the period. Ameriprise Financial Inc. owned about 0.29% of Aviat Networks worth $660,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of AVNW. Aquatic Capital Management LLC acquired a new stake in shares of Aviat Networks in the 4th quarter valued at about $106,000. AlphaQuest LLC acquired a new position in Aviat Networks during the fourth quarter worth approximately $133,000. Quantbot Technologies LP bought a new stake in shares of Aviat Networks during the fourth quarter worth approximately $156,000. Truvestments Capital LLC boosted its holdings in shares of Aviat Networks by 8.0% during the fourth quarter. Truvestments Capital LLC now owns 10,723 shares of the communications equipment provider's stock worth $194,000 after acquiring an additional 794 shares during the period. Finally, Walleye Capital LLC bought a new stake in shares of Aviat Networks during the fourth quarter worth approximately $248,000. 78.62% of the stock is currently owned by institutional investors.

Aviat Networks Price Performance

Shares of AVNW stock traded down $0.25 on Thursday, hitting $21.70. 67,510 shares of the company's stock were exchanged, compared to its average volume of 149,979. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.68 and a quick ratio of 1.37. Aviat Networks, Inc. has a 12 month low of $12.96 and a 12 month high of $31.74. The stock has a market cap of $275.42 million, a P/E ratio of -108.49 and a beta of 1.58. The company has a 50 day moving average of $19.02 and a 200 day moving average of $19.02.

Analyst Upgrades and Downgrades

AVNW has been the subject of a number of research analyst reports. Wall Street Zen upgraded Aviat Networks from a "sell" rating to a "hold" rating in a report on Wednesday, February 5th. Northland Securities reiterated an "outperform" rating and set a $30.00 target price (up from $27.00) on shares of Aviat Networks in a research report on Wednesday, February 5th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $37.60.

Aviat Networks 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.