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 boosted its holdings in shares of Aviat Networks, Inc. (NASDAQ:AVNW - Free Report) by 5.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 680,459 shares of the communications equipment provider's stock after purchasing an additional 35,580 shares during the quarter. Royce & Associates LP owned approximately 5.36% of Aviat Networks worth $13,044,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. GAMMA Investing LLC boosted its holdings in Aviat Networks by 36.9% in the first quarter. GAMMA Investing LLC now owns 2,592 shares of the communications equipment provider's stock valued at $50,000 after purchasing an additional 699 shares during the period. Aquatic Capital Management LLC purchased a new stake in Aviat Networks in the 4th quarter valued at approximately $106,000. Quantbot Technologies LP purchased a new position in shares of Aviat Networks during the 4th quarter worth $156,000. Graham Capital Management L.P. purchased a new position in shares of Aviat Networks in the 4th quarter worth $214,000. Finally, Walleye Capital LLC purchased a new position in shares of Aviat Networks in the 4th quarter worth $248,000. Institutional investors and hedge funds own 78.62% of the company's stock.

Insider Transactions at Aviat Networks

In other news, VP Erin Boase sold 5,634 shares of Aviat Networks stock in a transaction that occurred 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 owned 22,290 shares of the company's stock, valued at approximately $557,250. The trade was a 20.18% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders have sold a total of 10,601 shares of company stock valued at $255,825 over the last quarter. Company insiders own 4.10% of the company's stock.

Aviat Networks Stock Down 0.8%

NASDAQ AVNW traded down $0.18 during trading hours on Tuesday, hitting $23.06. The company had a trading volume of 17,652 shares, compared to its average volume of 128,604. The firm's 50 day moving average is $22.89 and its 200 day moving average is $20.73. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.62 and a quick ratio of 1.29. The company has a market capitalization of $293.61 million, a price-to-earnings ratio of -115.73 and a beta of 1.58. Aviat Networks, Inc. has a fifty-two week low of $12.95 and a fifty-two week 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.