Gary Croke Sells 6,742 Shares of Aviat Networks (NASDAQ:AVNW) Stock

Key Points

• Gary Croke, the Senior Vice President of Aviat Networks, sold 6,742 shares of the company's stock for approximately $151,088, decreasing his ownership by nearly 13%.
• Aviat Networks shares declined by 3.0% during midday trading, reaching a price of $21.74, with the stock experiencing a trading volume lower than its average.
• Institutional investors hold 78.62% of Aviat Networks' stock, with significant acquisitions and increases in holdings reported throughout the last quarters.

Aviat Networks, Inc. (NASDAQ:AVNW - Get Free Report) SVP Gary Croke sold 6,742 shares of the company's stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $22.41, for a total transaction of $151,088.22. Following the completion of the sale, the senior vice president owned 45,159 shares in the company, valued at $1,012,013.19. This represents a 12.99% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Aviat Networks Stock Performance

AVNW traded up $0.02 on Monday, hitting $22.37. The company's stock had a trading volume of 57,192 shares, compared to its average volume of 99,044. The company's 50 day simple moving average is $22.88 and its 200-day simple moving average is $21.02. The firm has a market cap of $284.77 million, a P/E ratio of -111.85 and a beta of 1.59. Aviat Networks, Inc. has a 12 month low of $12.95 and a 12 month high of $26.83. The company has a quick ratio of 1.29, a current ratio of 1.62 and a debt-to-equity ratio of 0.27.

Hedge Funds Weigh In On Aviat Networks

A number of institutional investors have recently bought and sold shares of AVNW. Boothbay Fund Management LLC grew its holdings in Aviat Networks by 29.4% in the second quarter. Boothbay Fund Management LLC now owns 52,341 shares of the communications equipment provider's stock worth $1,259,000 after purchasing an additional 11,880 shares during the period. PDT Partners LLC purchased a new stake in shares of Aviat Networks during the second quarter valued at approximately $233,000. Raymond James Financial Inc. purchased a new stake in shares of Aviat Networks during the second quarter valued at approximately $28,000. First Wilshire Securities Management Inc. grew its holdings in shares of Aviat Networks by 22.2% during the second quarter. First Wilshire Securities Management Inc. now owns 531,398 shares of the communications equipment provider's stock valued at $12,780,000 after buying an additional 96,367 shares during the last quarter. Finally, First Trust Advisors LP grew its holdings in shares of Aviat Networks by 3.9% during the second quarter. First Trust Advisors LP now owns 36,875 shares of the communications equipment provider's stock valued at $887,000 after buying an additional 1,392 shares during the last quarter. 78.62% of the stock is owned by institutional investors.

About Aviat Networks

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.