Aviat Networks, Inc. $AVNW Shares Sold by Punch & Associates Investment Management Inc.

Key Points

• Punch & Associates Investment Management Inc. reduced its stake in Aviat Networks, Inc. by 46.2%, now owning approximately 1.69% of the company's shares, valued at $4.1 million.
• Aviat Networks stock has declined by 0.4% recently, opening at $22.35, with a 1-year range between $12.95 and $26.83.
• Insider transactions included SVP Gary Croke selling 6,742 shares, reflecting a 12.99% decrease in ownership, and a total of 17,343 shares sold by insiders in the last 90 days.

Punch & Associates Investment Management Inc. reduced its stake in Aviat Networks, Inc. (NASDAQ:AVNW - Free Report) by 46.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 214,619 shares of the communications equipment provider's stock after selling 184,258 shares during the period. Punch & Associates Investment Management Inc. owned approximately 1.69% of Aviat Networks worth $4,114,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the stock. Royce & Associates LP raised its stake in shares of Aviat Networks by 5.5% in the first quarter. Royce & Associates LP now owns 680,459 shares of the communications equipment provider's stock valued at $13,044,000 after acquiring an additional 35,580 shares in the last quarter. First Wilshire Securities Management Inc. raised its stake in Aviat Networks by 5.3% in the first quarter. First Wilshire Securities Management Inc. now owns 435,031 shares of the communications equipment provider's stock valued at $8,340,000 after buying an additional 21,839 shares in the last quarter. Jacobs Levy Equity Management Inc. acquired a new stake in Aviat Networks in the first quarter valued at $3,783,000. Nuveen LLC acquired a new stake in Aviat Networks in the first quarter valued at $3,366,000. Finally, Pacific Ridge Capital Partners LLC acquired a new stake in Aviat Networks in the first quarter valued at $3,120,000. 78.62% of the stock is currently owned by institutional investors and hedge funds.

Aviat Networks Stock Down 0.4%

Aviat Networks stock opened at $22.35 on Friday. Aviat Networks, Inc. has a 1-year low of $12.95 and a 1-year high of $26.83. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.62 and a quick ratio of 1.29. The stock has a market cap of $284.63 million, a PE ratio of -111.75 and a beta of 1.59. The stock's fifty day moving average is $22.91 and its two-hundred day moving average is $21.04.

Insiders Place Their Bets

In other Aviat Networks news, SVP Gary Croke sold 6,742 shares of the firm's 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 sale, the senior vice president directly owned 45,159 shares in the company, valued at $1,012,013.19. This trade represents a 12.99% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Erin Boase sold 5,634 shares of the firm's stock in a transaction on Thursday, July 3rd. The shares were 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 in the company, valued at approximately $557,250. This represents a 20.18% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 17,343 shares of company stock worth $406,913. 4.10% of the stock is owned by insiders.

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.

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