175,596 Shares in Aviat Networks, Inc. $AVNW Purchased by Nuveen LLC

Key Points

• Nuveen LLC has acquired a new position in Aviat Networks, purchasing 175,596 shares valued at approximately $3.37 million, representing about 1.38% of the company.
• Other hedge funds are also increasing their stakes, with GAMMA Investing LLC growing its holdings by 36.9%, while Pacific Ridge Capital Partners LLC and US Bancorp DE have made significant new investments in the company.
• Aviat Networks has a current market cap of $292.28 million and has seen its stock price range between a 52-week low of $12.95 and a high of $27.94.

Nuveen LLC acquired a new stake in shares of Aviat Networks, Inc. (NASDAQ:AVNW - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 175,596 shares of the communications equipment provider's stock, valued at approximately $3,366,000. Nuveen LLC owned approximately 1.38% of Aviat Networks as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Invesco Ltd. grew its stake in shares of Aviat Networks by 9.0% in the fourth quarter. Invesco Ltd. now owns 19,591 shares of the communications equipment provider's stock worth $355,000 after acquiring an additional 1,620 shares during the last quarter. Barclays PLC raised its holdings in shares of Aviat Networks by 9.8% in the fourth quarter. Barclays PLC now owns 17,488 shares of the communications equipment provider's stock valued at $316,000 after buying an additional 1,560 shares during the last quarter. Voya Investment Management LLC raised its holdings in shares of Aviat Networks by 22.6% in the fourth quarter. Voya Investment Management LLC now owns 18,817 shares of the communications equipment provider's stock valued at $341,000 after buying an additional 3,473 shares during the last quarter. Aquatic Capital Management LLC bought a new position in shares of Aviat Networks in the fourth quarter valued at about $106,000. Finally, Northern Trust Corp raised its holdings in shares of Aviat Networks by 1.3% in the fourth quarter. Northern Trust Corp now owns 101,091 shares of the communications equipment provider's stock valued at $1,831,000 after buying an additional 1,321 shares during the last quarter. Institutional investors own 78.62% of the company's stock.

Aviat Networks Price Performance

Shares of Aviat Networks stock traded down $0.55 during trading on Tuesday, reaching $22.41. The company's stock had a trading volume of 83,254 shares, compared to its average volume of 95,666. The stock has a 50-day moving average price of $23.02 and a two-hundred day moving average price of $21.03. The company has a current ratio of 1.62, a quick ratio of 1.29 and a debt-to-equity ratio of 0.27. Aviat Networks, Inc. has a one year low of $12.95 and a one year high of $27.94. The stock has a market capitalization of $285.28 million, a P/E ratio of -112.05 and a beta of 1.59.

Insider Buying and Selling

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

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.