Allspring Global Investments Holdings LLC Has $685,000 Stock Holdings in Aviat Networks, Inc. (NASDAQ:AVNW)

Allspring Global Investments Holdings LLC trimmed its position in Aviat Networks, Inc. (NASDAQ:AVNW - Free Report) by 69.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 20,969 shares of the communications equipment provider's stock after selling 47,538 shares during the quarter. Allspring Global Investments Holdings LLC owned 0.18% of Aviat Networks worth $685,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Paradigm Capital Management Inc. NY increased its holdings in Aviat Networks by 16.8% in the third quarter. Paradigm Capital Management Inc. NY now owns 877,812 shares of the communications equipment provider's stock valued at $27,388,000 after purchasing an additional 126,101 shares during the period. LSV Asset Management raised its position in shares of Aviat Networks by 12.8% during the third quarter. LSV Asset Management now owns 367,691 shares of the communications equipment provider's stock worth $11,472,000 after acquiring an additional 41,850 shares during the last quarter. Wellington Management Group LLP lifted its stake in shares of Aviat Networks by 1.1% in the third quarter. Wellington Management Group LLP now owns 267,334 shares of the communications equipment provider's stock worth $8,341,000 after acquiring an additional 2,967 shares during the period. First Eagle Investment Management LLC boosted its holdings in Aviat Networks by 9.3% in the third quarter. First Eagle Investment Management LLC now owns 199,160 shares of the communications equipment provider's stock valued at $6,214,000 after acquiring an additional 16,875 shares during the last quarter. Finally, B. Riley Asset Management LLC boosted its holdings in Aviat Networks by 48.9% in the third quarter. B. Riley Asset Management LLC now owns 156,278 shares of the communications equipment provider's stock valued at $4,876,000 after acquiring an additional 51,289 shares during the last quarter. 78.62% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

AVNW has been the topic of a number of recent analyst reports. JMP Securities reissued a "market outperform" rating and issued a $50.00 price objective on shares of Aviat Networks in a research note on Monday, February 5th. StockNews.com raised Aviat Networks from a "sell" rating to a "hold" rating in a research note on Thursday, April 4th. Finally, B. Riley reduced their price objective on shares of Aviat Networks from $60.00 to $59.00 and set a "buy" rating for the company in a research report on Wednesday, February 7th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $54.75.

Aviat Networks Price Performance

Shares of Aviat Networks stock traded up $0.46 on Thursday, reaching $33.24. The stock had a trading volume of 90,125 shares, compared to its average volume of 106,575. The business's 50 day moving average is $35.24 and its two-hundred day moving average is $32.14. The company has a market cap of $417.16 million, a P/E ratio of 26.17 and a beta of 1.73. Aviat Networks, Inc. has a 1 year low of $21.15 and a 1 year high of $38.85. The company has a current ratio of 2.00, a quick ratio of 1.63 and a debt-to-equity ratio of 0.19.

Aviat Networks (NASDAQ:AVNW - Get Free Report) last released its quarterly earnings data on Tuesday, February 6th. The communications equipment provider reported $0.83 EPS for the quarter, topping the consensus estimate of $0.81 by $0.02. The company had revenue of $95.04 million during the quarter, compared to the consensus estimate of $91.85 million. Aviat Networks had a return on equity of 15.11% and a net margin of 4.23%. As a group, research analysts anticipate that Aviat Networks, Inc. will post 3.01 EPS for the current year.

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.