American Century Companies Inc. Acquires 33,364 Shares of Aviat Networks, Inc. $AVNW

Key Points

• American Century Companies Inc. increased its stake in Aviat Networks by 146%, acquiring a total of 56,209 shares valued at approximately $1,078,000.
• Insiders have recently sold a total of 17,343 shares of Aviat Networks stock, indicating a decrease in their ownership, with SVP Gary Croke selling 6,742 shares at an average price of $22.41.
• Aviat Networks stock has seen a 3% decline and currently trades at $21.74, with a market capitalization of $276.75 million and a P/E ratio of -108.70.

American Century Companies Inc. grew its holdings in Aviat Networks, Inc. (NASDAQ:AVNW - Free Report) by 146.0% in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 56,209 shares of the communications equipment provider's stock after buying an additional 33,364 shares during the quarter. American Century Companies Inc. owned 0.44% of Aviat Networks worth $1,078,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. GAMMA Investing LLC raised 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 buying an additional 699 shares in the last quarter. US Bancorp DE acquired a new stake in shares of Aviat Networks during the 1st quarter worth about $82,000. Graham Capital Management L.P. acquired a new stake in shares of Aviat Networks during the 4th quarter worth about $214,000. NBC Securities Inc. acquired a new stake in shares of Aviat Networks during the 1st quarter worth about $274,000. Finally, Barclays PLC increased its position in shares of Aviat Networks by 9.8% during the 4th quarter. Barclays PLC now owns 17,488 shares of the communications equipment provider's stock worth $316,000 after purchasing an additional 1,560 shares in the last quarter. Institutional investors and hedge funds own 78.62% of the company's stock.

Aviat Networks Price Performance

Shares of Aviat Networks stock traded up $0.01 during mid-day trading on Tuesday, reaching $22.38. 14,268 shares of the stock were exchanged, compared to its average volume of 122,992. The company has a market cap of $284.83 million, a price-to-earnings ratio of -111.88 and a beta of 1.59. The company has a current ratio of 1.62, a quick ratio of 1.29 and a debt-to-equity ratio of 0.27. The firm has a 50-day simple moving average of $22.88 and a 200 day simple moving average of $21.02. Aviat Networks, Inc. has a fifty-two week low of $12.95 and a fifty-two week high of $26.83.

Insider Transactions at Aviat Networks

In other Aviat Networks news, SVP Gary Croke sold 6,742 shares of the stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $22.41, for a total transaction of $151,088.22. Following the sale, the senior vice president owned 45,159 shares of the company's stock, valued at $1,012,013.19. This represents a 12.99% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Erin Boase sold 5,634 shares of the stock in a transaction dated Thursday, July 3rd. The stock was sold at an average price of $25.00, for a total transaction of $140,850.00. Following the sale, the vice president directly owned 22,290 shares in the company, valued at approximately $557,250. This represents a 20.18% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 17,343 shares of company stock worth $406,913. Insiders own 4.10% of the company's stock.

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.