ProShare Advisors LLC Has $1.30 Million Holdings in AeroVironment, Inc. (NASDAQ:AVAV)

ProShare Advisors LLC lifted its holdings in AeroVironment, Inc. (NASDAQ:AVAV - Free Report) by 53.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,453 shares of the aerospace company's stock after purchasing an additional 2,956 shares during the quarter. ProShare Advisors LLC's holdings in AeroVironment were worth $1,301,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Arizona State Retirement System increased its stake in AeroVironment by 0.8% in the 4th quarter. Arizona State Retirement System now owns 8,170 shares of the aerospace company's stock valued at $1,257,000 after buying an additional 68 shares during the last quarter. New York State Teachers Retirement System grew its holdings in shares of AeroVironment by 0.6% in the 4th quarter. New York State Teachers Retirement System now owns 17,618 shares of the aerospace company's stock valued at $2,711,000 after acquiring an additional 100 shares in the last quarter. CoreCap Advisors LLC grew its holdings in shares of AeroVironment by 120.2% in the 4th quarter. CoreCap Advisors LLC now owns 185 shares of the aerospace company's stock valued at $28,000 after acquiring an additional 101 shares in the last quarter. Exchange Traded Concepts LLC increased its position in shares of AeroVironment by 2.6% in the fourth quarter. Exchange Traded Concepts LLC now owns 4,170 shares of the aerospace company's stock valued at $642,000 after acquiring an additional 105 shares during the last quarter. Finally, Atria Investments Inc raised its holdings in AeroVironment by 7.0% during the fourth quarter. Atria Investments Inc now owns 1,650 shares of the aerospace company's stock worth $254,000 after acquiring an additional 108 shares in the last quarter. Institutional investors own 86.38% of the company's stock.

Analyst Ratings Changes

AVAV has been the subject of several recent research reports. William Blair reissued an "outperform" rating on shares of AeroVironment in a research report on Wednesday, March 5th. Robert W. Baird decreased their target price on shares of AeroVironment from $220.00 to $146.00 and set an "outperform" rating for the company in a research note on Wednesday, March 5th. Raymond James raised shares of AeroVironment from a "market perform" rating to a "strong-buy" rating and set a $200.00 price target on the stock in a research report on Tuesday, April 8th. Royal Bank of Canada reiterated an "outperform" rating and issued a $190.00 price target on shares of AeroVironment in a research note on Monday, May 12th. Finally, Jefferies Financial Group lowered their price objective on shares of AeroVironment from $230.00 to $190.00 and set a "buy" rating on the stock in a research note on Wednesday, March 5th. Six equities research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, AeroVironment presently has a consensus rating of "Buy" and an average target price of $197.83.

AeroVironment Stock Down 1.5%

AVAV opened at $166.73 on Thursday. The stock's fifty day simple moving average is $142.76 and its 200 day simple moving average is $161.17. AeroVironment, Inc. has a 1-year low of $102.25 and a 1-year high of $236.60. The stock has a market cap of $4.70 billion, a PE ratio of 95.82 and a beta of 0.80. The company has a current ratio of 4.61, a quick ratio of 3.36 and a debt-to-equity ratio of 0.02.

Insider Buying and Selling at AeroVironment

In related news, CEO Wahid Nawabi sold 29,366 shares of AeroVironment stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $128.20, for a total transaction of $3,764,721.20. Following the completion of the sale, the chief executive officer now owns 115,174 shares of the company's stock, valued at approximately $14,765,306.80. The trade was a 20.32% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 1.27% of the company's stock.

AeroVironment Company Profile

AeroVironment, Inc designs, develops, produces, delivers, and supports a portfolio of robotic systems and related services for government agencies and businesses in the United States and internationally. It operates through Small Unmanned Aircraft Systems (SUAS), Tactical Missile System (TMS), Medium Unmanned Aircraft Systems (MUAS), and High Altitude Pseudo-Satellite Systems (HAPS) segments.

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