Aviat Networks, Inc. (NASDAQ:AVNW) Shares Sold by Paradigm Capital Management Inc. NY

Paradigm Capital Management Inc. NY reduced its holdings in Aviat Networks, Inc. (NASDAQ:AVNW - Free Report) by 84.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 155,363 shares of the communications equipment provider's stock after selling 845,646 shares during the period. Paradigm Capital Management Inc. NY owned about 1.23% of Aviat Networks worth $2,814,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the business. Squarepoint Ops LLC increased its stake in shares of Aviat Networks by 32.3% during the fourth quarter. Squarepoint Ops LLC now owns 75,080 shares of the communications equipment provider's stock worth $1,360,000 after purchasing an additional 18,328 shares in the last quarter. Graham Capital Management L.P. purchased a new stake in Aviat Networks during the 4th quarter worth approximately $214,000. D. E. Shaw & Co. Inc. purchased a new stake in Aviat Networks during the 4th quarter worth approximately $1,870,000. Bridgeway Capital Management LLC acquired a new position in shares of Aviat Networks during the fourth quarter valued at approximately $505,000. Finally, Bastion Asset Management Inc. purchased a new position in shares of Aviat Networks in the fourth quarter valued at approximately $3,077,000. 78.62% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

AVNW has been the topic of several recent research reports. Wall Street Zen upgraded Aviat Networks from a "sell" rating to a "hold" rating in a report on Wednesday, February 5th. Northland Securities reissued an "outperform" rating and set a $30.00 price objective (up previously from $27.00) on shares of Aviat Networks in a research note on Wednesday, February 5th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $37.60.

Aviat Networks Price Performance

Aviat Networks stock traded down $0.62 during mid-day trading on Friday, hitting $20.26. 88,870 shares of the company were exchanged, compared to its average volume of 150,014. 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 business's 50 day simple moving average is $18.74 and its two-hundred day simple moving average is $18.65. The company has a market capitalization of $257.14 million, a P/E ratio of -101.29 and a beta of 1.67.

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.