Royce & Associates LP Purchases 35,580 Shares of Aviat Networks, Inc. (NASDAQ:AVNW)

Key Points

• Royce & Associates LP increased its ownership of Aviat Networks by 5.5%, acquiring an additional 35,580 shares and now holds 680,459 shares valued at approximately $13 million.
• Other institutional investors, including GAMMA Investing LLC and Bank of America Corp DE, have also made significant adjustments to their holdings, indicating strong institutional interest in Aviat Networks.
• Aviat Networks' stock opened at $23.19, with a market cap of $295.32 million and a current ratio of 1.62, reflecting its financial stability and recent performance in the market.

Royce & Associates LP lifted its stake in shares of Aviat Networks, Inc. (NASDAQ:AVNW - Free Report) by 5.5% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 680,459 shares of the communications equipment provider's stock after buying an additional 35,580 shares during the quarter. Royce & Associates LP owned about 5.36% of Aviat Networks worth $13,044,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of AVNW. First Wilshire Securities Management Inc. purchased a new position in Aviat Networks during the 4th quarter worth $7,483,000. Kennedy Capital Management LLC purchased a new position in Aviat Networks during the 4th quarter worth $6,551,000. Geode Capital Management LLC boosted 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 worth $4,929,000 after acquiring an additional 1,171 shares during the last quarter. Marshall Wace LLP boosted its holdings in Aviat Networks by 475.9% during the 4th quarter. Marshall Wace LLP now owns 230,012 shares of the communications equipment provider's stock worth $4,166,000 after acquiring an additional 190,074 shares during the last quarter. Finally, Bastion Asset Management Inc. purchased a new position in Aviat Networks during the 4th quarter worth $3,077,000. Institutional investors and hedge funds own 78.62% of the company's stock.

Insider Activity 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 sale, the vice president directly owned 22,290 shares in the company, valued at $557,250. The trade was a 20.18% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In the last quarter, insiders sold 10,601 shares of company stock worth $255,825. Insiders own 4.10% of the company's stock.

Aviat Networks Stock Up 0.2%

AVNW traded up $0.05 during mid-day trading on Friday, reaching $23.19. 60,817 shares of the stock were exchanged, compared to its average volume of 95,201. 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 stock has a market capitalization of $295.21 million, a PE ratio of -115.95 and a beta of 1.58. The company has a 50 day moving average price of $22.83 and a two-hundred day moving average price of $20.68. Aviat Networks, Inc. has a 1 year low of $12.95 and a 1 year high of $31.74.

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.