Kennedy Capital Management LLC Buys New Stake in Aviat Networks, Inc. (NASDAQ:AVNW)

Kennedy Capital Management LLC bought a new position in shares of Aviat Networks, Inc. (NASDAQ:AVNW - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 361,749 shares of the communications equipment provider's stock, valued at approximately $6,551,000. Kennedy Capital Management LLC owned approximately 2.85% of Aviat Networks at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. GAMMA Investing LLC purchased a new position in Aviat Networks in the fourth quarter valued at about $34,000. AlphaQuest LLC purchased a new position in shares of Aviat Networks in the fourth quarter worth approximately $133,000. Quantbot Technologies LP purchased a new stake in Aviat Networks in the 4th quarter worth about $156,000. Truvestments Capital LLC grew its holdings in shares of Aviat Networks by 8.0% during the 4th quarter. Truvestments Capital LLC now owns 10,723 shares of the communications equipment provider's stock valued at $194,000 after acquiring an additional 794 shares in the last quarter. Finally, BNP Paribas Financial Markets raised its holdings in shares of Aviat Networks by 635.0% during the 3rd quarter. BNP Paribas Financial Markets now owns 14,244 shares of the communications equipment provider's stock valued at $308,000 after purchasing an additional 12,306 shares in the last quarter. 78.62% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. StockNews.com raised Aviat Networks from a "sell" rating to a "hold" rating in a report on Wednesday, February 5th. Northland Securities reaffirmed an "outperform" rating and set a $30.00 price target (up from $27.00) on shares of Aviat Networks in a research note on Wednesday, February 5th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $37.60.

Aviat Networks Stock Up 2.2 %

AVNW stock traded up $0.37 during trading on Thursday, hitting $17.33. 39,467 shares of the stock traded hands, compared to its average volume of 150,631. The firm's 50 day moving average is $19.72 and its two-hundred day moving average is $19.04. The stock has a market cap of $219.81 million, a price-to-earnings ratio of -86.65 and a beta of 1.57. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.68 and a quick ratio of 1.37. Aviat Networks, Inc. has a 1 year low of $12.96 and a 1 year high of $34.50.

Aviat Networks (NASDAQ:AVNW - Get Free Report) last issued its quarterly earnings data on Tuesday, February 4th. The communications equipment provider reported $0.66 earnings per share for the quarter, beating analysts' consensus estimates of $0.09 by $0.57. Aviat Networks had a positive return on equity of 4.33% and a negative net margin of 0.56%. On average, sell-side analysts anticipate that Aviat Networks, Inc. will post 0.5 EPS for the current year.

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.