Bank of America Corp DE Acquires 19,511 Shares of Aviat Networks, Inc. (NASDAQ:AVNW)

Bank of America Corp DE grew its stake in Aviat Networks, Inc. (NASDAQ:AVNW - Free Report) by 125.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 35,072 shares of the communications equipment provider's stock after acquiring an additional 19,511 shares during the period. Bank of America Corp DE owned 0.28% of Aviat Networks worth $635,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of AVNW. Ancora Advisors LLC lifted its position in Aviat Networks by 19.9% during the fourth quarter. Ancora Advisors LLC now owns 81,827 shares of the communications equipment provider's stock worth $1,482,000 after acquiring an additional 13,562 shares during the last quarter. Northern Trust Corp grew its stake in shares of Aviat Networks by 1.3% during the fourth 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. Aquatic Capital Management LLC bought a new stake in shares of Aviat Networks during the fourth quarter worth $106,000. Voya Investment Management LLC grew its stake in shares of Aviat Networks by 22.6% during the fourth quarter. Voya Investment Management LLC now owns 18,817 shares of the communications equipment provider's stock worth $341,000 after buying an additional 3,473 shares during the last quarter. Finally, Marshall Wace LLP grew its stake in shares of Aviat Networks by 475.9% during the fourth quarter. Marshall Wace LLP now owns 230,012 shares of the communications equipment provider's stock worth $4,166,000 after buying an additional 190,074 shares during the last quarter. Institutional investors own 78.62% of the company's stock.

Aviat Networks Price Performance

Shares of NASDAQ AVNW traded up $0.14 during midday trading on Thursday, reaching $22.93. 55,013 shares of the company were exchanged, compared to its average volume of 151,103. The stock's 50-day moving average price is $19.55 and its 200-day moving average price is $19.32. The stock has a market cap of $291.03 million, a P/E ratio of -114.64 and a beta of 1.58. Aviat Networks, Inc. has a one year low of $12.96 and a one year high of $31.74. The company has a quick ratio of 1.37, a current ratio of 1.68 and a debt-to-equity ratio of 0.29.

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.