Ameriprise Financial Inc. decreased its stake in shares of Aviat Networks, Inc. (NASDAQ:AVNW - Free Report) by 26.7% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 36,448 shares of the communications equipment provider's stock after selling 13,273 shares during the period. Ameriprise Financial Inc. owned 0.29% of Aviat Networks worth $660,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Franklin Resources Inc. raised its holdings in shares of Aviat Networks by 1.9% in the 4th quarter. Franklin Resources Inc. now owns 173,940 shares of the communications equipment provider's stock valued at $3,150,000 after acquiring an additional 3,288 shares in the last quarter. Quantbot Technologies LP bought a new position in Aviat Networks during the 4th quarter worth approximately $156,000. Northern Trust Corp grew its position in shares of Aviat Networks by 1.3% in the 4th quarter. Northern Trust Corp now owns 101,091 shares of the communications equipment provider's stock worth $1,831,000 after buying an additional 1,321 shares during the last quarter. American Century Companies Inc. grew its position in shares of Aviat Networks by 12.0% in the 4th quarter. American Century Companies Inc. now owns 22,845 shares of the communications equipment provider's stock worth $414,000 after buying an additional 2,440 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its stake in shares of Aviat Networks by 69.8% in the 4th 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. Hedge funds and other institutional investors own 78.62% of the company's stock.
Aviat Networks Stock Up 1.7%
Shares of AVNW traded up $0.36 on Friday, reaching $22.06. The stock had a trading volume of 106,973 shares, compared to its average volume of 150,712. The firm has a market capitalization of $279.99 million, a price-to-earnings ratio of -110.29 and a beta of 1.58. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.37 and a current ratio of 1.68. The company has a 50-day simple moving average of $19.13 and a 200-day simple moving average of $19.12. Aviat Networks, Inc. has a 12-month low of $12.96 and a 12-month high of $31.74.
About Aviat Networks
(
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.
Featured Stories
Before you consider Aviat Networks, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Aviat Networks wasn't on the list.
While Aviat Networks currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Market downturns give many investors pause, and for good reason. Wondering how to offset this risk? Enter your email address to learn more about using beta to protect your portfolio.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
