Squarepoint Ops LLC Buys 18,328 Shares of Aviat Networks, Inc. (NASDAQ:AVNW)

Squarepoint Ops LLC lifted its position in Aviat Networks, Inc. (NASDAQ:AVNW - Free Report) by 32.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 75,080 shares of the communications equipment provider's stock after acquiring an additional 18,328 shares during the period. Squarepoint Ops LLC owned approximately 0.59% of Aviat Networks worth $1,360,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of AVNW. Tieton Capital Management LLC increased its holdings in shares of Aviat Networks by 998.2% in the fourth quarter. Tieton Capital Management LLC now owns 650,270 shares of the communications equipment provider's stock worth $11,776,000 after acquiring an additional 591,055 shares in the last quarter. First Wilshire Securities Management Inc. bought a new stake in Aviat Networks during the 4th quarter worth approximately $7,483,000. Kennedy Capital Management LLC acquired a new stake in Aviat Networks during the 4th quarter worth approximately $6,551,000. First Eagle Investment Management LLC bought a new position in Aviat Networks in the fourth quarter valued at approximately $3,669,000. Finally, Marshall Wace LLP boosted its holdings in shares of Aviat Networks by 475.9% in the fourth quarter. Marshall Wace LLP now owns 230,012 shares of the communications equipment provider's stock valued at $4,166,000 after buying an additional 190,074 shares during the period. Institutional investors own 78.62% of the company's stock.

Aviat Networks Stock Down 2.7%

Aviat Networks stock traded down $0.60 during mid-day trading on Wednesday, reaching $21.95. The company's stock had a trading volume of 78,525 shares, compared to its average volume of 150,309. 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 12 month low of $12.96 and a 12 month high of $31.74. The business's 50 day simple moving average is $19.02 and its 200 day simple moving average is $19.02. The company has a market capitalization of $278.59 million, a price-to-earnings ratio of -109.74 and a beta of 1.58.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the stock. Wall Street Zen upgraded shares of Aviat Networks from a "sell" rating to a "hold" rating in a report on Wednesday, February 5th. Northland Securities restated an "outperform" rating and issued a $30.00 price target (up from $27.00) on shares of Aviat Networks in a report on Wednesday, February 5th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target 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.