Aviat Networks, Inc. (NASDAQ:AVNW) Shares Sold by LSV Asset Management

LSV Asset Management lowered its position in shares of Aviat Networks, Inc. (NASDAQ:AVNW - Free Report) by 50.7% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 181,340 shares of the communications equipment provider's stock after selling 186,351 shares during the quarter. LSV Asset Management owned 1.55% of Aviat Networks worth $5,923,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Quantbot Technologies LP purchased a new stake in shares of Aviat Networks during the 3rd quarter worth $31,000. SG Americas Securities LLC acquired a new position in Aviat Networks during the third quarter worth about $149,000. Bailard Inc. purchased a new position in Aviat Networks in the fourth quarter valued at about $255,000. AlphaQ Advisors LLC purchased a new position in Aviat Networks in the fourth quarter valued at about $265,000. Finally, LVZ Inc. lifted its position in shares of Aviat Networks by 11.2% during the 4th quarter. LVZ Inc. now owns 8,268 shares of the communications equipment provider's stock valued at $270,000 after acquiring an additional 834 shares during the period. Hedge funds and other institutional investors own 78.62% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. StockNews.com raised Aviat Networks from a "hold" rating to a "buy" rating in a report on Friday, May 3rd. JMP Securities reiterated a "market outperform" rating and set a $50.00 price target on shares of Aviat Networks in a report on Monday, February 5th. Finally, B. Riley decreased their price objective on Aviat Networks from $59.00 to $55.00 and set a "buy" rating on the stock in a report on Thursday, May 2nd. Five analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Aviat Networks presently has an average rating of "Buy" and a consensus price target of $53.75.

Insider Transactions at Aviat Networks

In other news, CEO Pete A. Smith purchased 1,000 shares of the business's stock in a transaction dated Monday, May 6th. The stock was bought at an average cost of $30.70 per share, with a total value of $30,700.00. Following the purchase, the chief executive officer now directly owns 242,199 shares of the company's stock, valued at $7,435,509.30. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. 5.70% of the stock is currently owned by insiders.

Aviat Networks Stock Performance

AVNW stock traded up $0.09 during trading on Thursday, hitting $31.35. 65,404 shares of the company's stock traded hands, compared to its average volume of 114,424. The stock has a market capitalization of $393.76 million, a price-to-earnings ratio of 27.74 and a beta of 1.78. Aviat Networks, Inc. has a 52 week low of $25.08 and a 52 week high of $38.85. The stock has a fifty day moving average price of $34.67 and a two-hundred day moving average price of $32.46. The company has a quick ratio of 1.79, a current ratio of 2.12 and a debt-to-equity ratio of 0.18.

Aviat Networks (NASDAQ:AVNW - Get Free Report) last issued its quarterly earnings data on Wednesday, May 1st. The communications equipment provider reported $0.58 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.59 by ($0.01). Aviat Networks had a return on equity of 14.54% and a net margin of 3.54%. The business had revenue of $111.61 million during the quarter, compared to the consensus estimate of $113.56 million. During the same period last year, the company earned $0.61 earnings per share. As a group, equities analysts anticipate that Aviat Networks, Inc. will post 3.01 EPS for the current fiscal 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.