Dynamic Technology Lab Private Ltd Takes $632,000 Position in Aviat Networks, Inc. $AVNW

Key Points

• Dynamic Technology Lab Private Ltd acquired 32,994 shares of Aviat Networks, Inc., valued at approximately $632,000, representing 0.26% of the company's stock as per its latest SEC filing.
• Other institutional investors have also increased their stakes in Aviat Networks, with significant acquisitions from companies like Bank of America Corp DE, which raised its holdings by 125.4% in the fourth quarter.
• Aviat Networks' stock opened at $22.39, showing an increase of 0.1%, with a market capitalization of $285.02 million and a P/E ratio of -111.95.

Dynamic Technology Lab Private Ltd purchased a new stake in Aviat Networks, Inc. (NASDAQ:AVNW - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 32,994 shares of the communications equipment provider's stock, valued at approximately $632,000. Dynamic Technology Lab Private Ltd owned 0.26% of Aviat Networks as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. GAMMA Investing LLC boosted its position in 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 during the period. Comerica Bank grew its stake in shares of Aviat Networks by 40.2% during the first quarter. Comerica Bank now owns 2,720 shares of the communications equipment provider's stock worth $52,000 after purchasing an additional 780 shares in the last quarter. US Bancorp DE acquired a new position in shares of Aviat Networks during the first quarter worth $82,000. Graham Capital Management L.P. acquired a new position in shares of Aviat Networks during the fourth quarter worth $214,000. Finally, NBC Securities Inc. acquired a new position in shares of Aviat Networks during the first quarter worth $274,000. Hedge funds and other institutional investors own 78.62% of the company's stock.

Aviat Networks Stock Performance

Shares of NASDAQ:AVNW traded up $0.20 on Monday, reaching $24.11. The company's stock had a trading volume of 28,639 shares, compared to its average volume of 124,768. The stock's 50-day moving average is $22.79 and its two-hundred day moving average is $21.09. Aviat Networks, Inc. has a 52-week low of $12.95 and a 52-week high of $26.83. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.64 and a quick ratio of 1.35. The stock has a market capitalization of $306.92 million, a P/E ratio of 301.48 and a beta of 1.59.

Insider Transactions at Aviat Networks

In other Aviat Networks news, SVP Gary Croke sold 6,742 shares of the company's 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 transaction, the senior vice president directly owned 45,159 shares in the company, valued at approximately $1,012,013.19. This represents a 12.99% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Erin Boase sold 5,634 shares of the company's 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 transaction, the vice president owned 22,290 shares in the company, valued at $557,250. The trade was a 20.18% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 17,343 shares of company stock worth $406,913. Company insiders own 4.10% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen upgraded shares of Aviat Networks from a "hold" rating to a "buy" rating in a research note on Saturday. Four investment analysts have rated the stock with a Buy rating, According to MarketBeat, the company presently has an average rating of "Buy" and an average price target of $36.50.

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.