First Wilshire Securities Management Inc. Acquires 21,839 Shares of Aviat Networks, Inc. $AVNW

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First Wilshire Securities Management Inc. increased its stake in Aviat Networks, Inc. (NASDAQ:AVNW - Free Report) by 5.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 435,031 shares of the communications equipment provider's stock after buying an additional 21,839 shares during the quarter. Aviat Networks makes up 2.4% of First Wilshire Securities Management Inc.'s holdings, making the stock its 16th biggest position. First Wilshire Securities Management Inc. owned about 3.43% of Aviat Networks worth $8,340,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in the stock. GAMMA Investing LLC boosted its holdings in shares of 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 last quarter. Geode Capital Management LLC lifted its holdings in Aviat Networks by 0.4% during the 4th quarter. Geode Capital Management LLC now owns 272,119 shares of the communications equipment provider's stock valued at $4,929,000 after purchasing an additional 1,171 shares during the last quarter. Northern Trust Corp lifted its holdings in Aviat Networks by 1.3% during the 4th quarter. Northern Trust Corp now owns 101,091 shares of the communications equipment provider's stock valued at $1,831,000 after purchasing an additional 1,321 shares during the last quarter. Barclays PLC lifted its holdings in Aviat Networks by 9.8% during the 4th quarter. Barclays PLC now owns 17,488 shares of the communications equipment provider's stock valued at $316,000 after purchasing an additional 1,560 shares during the last quarter. Finally, Invesco Ltd. lifted its holdings in Aviat Networks by 9.0% during the 4th quarter. Invesco Ltd. now owns 19,591 shares of the communications equipment provider's stock valued at $355,000 after purchasing an additional 1,620 shares during the last quarter. Institutional investors and hedge funds own 78.62% of the company's stock.

Insider Buying and Selling at Aviat Networks

In other news, VP Erin Boase sold 5,634 shares of Aviat Networks stock in a transaction on Thursday, July 3rd. The stock was sold at an average price of $25.00, for a total transaction of $140,850.00. Following the completion of the sale, the vice president owned 22,290 shares of the company's stock, valued at approximately $557,250. This trade represents a 20.18% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders sold a total of 10,601 shares of company stock worth $255,825 over the last three months. 4.10% of the stock is currently owned by company insiders.

Aviat Networks Stock Up 1.4%

AVNW opened at $21.85 on Tuesday. Aviat Networks, Inc. has a fifty-two week low of $12.95 and a fifty-two week high of $28.37. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.29 and a current ratio of 1.62. The company has a market capitalization of $278.15 million, a P/E ratio of -109.25 and a beta of 1.56. The stock has a fifty day moving average of $23.03 and a 200-day moving average of $21.03.

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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