Kennedy Capital Management LLC Boosts Stock Position in Aviat Networks, Inc. $AVNW

Kennedy Capital Management LLC lifted its stake in Aviat Networks, Inc. (NASDAQ:AVNW) by 29.4% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 421,663 shares of the communications equipment provider’s stock after acquiring an additional 95,884 shares during the period. Kennedy Capital Management LLC’s holdings in Aviat Networks were worth $10,141,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in AVNW. Comerica Bank grew its holdings in Aviat Networks by 40.2% during the 1st quarter. Comerica Bank now owns 2,720 shares of the communications equipment provider’s stock valued at $52,000 after buying an additional 780 shares in the last quarter. US Bancorp DE purchased a new stake in shares of Aviat Networks during the 1st quarter valued at $82,000. FNY Investment Advisers LLC bought a new stake in shares of Aviat Networks during the 2nd quarter worth $170,000. Worth Venture Partners LLC bought a new stake in shares of Aviat Networks during the 2nd quarter worth $240,000. Finally, XTX Topco Ltd purchased a new position in Aviat Networks in the second quarter worth $292,000. Hedge funds and other institutional investors own 78.62% of the company’s stock.

Insider Buying and Selling

In related news, CEO Pete A. Smith sold 5,350 shares of the company’s stock in a transaction that occurred on Tuesday, November 11th. The stock was sold at an average price of $23.39, for a total transaction of $125,136.50. Following the completion of the transaction, the chief executive officer owned 349,447 shares in the company, valued at $8,173,565.33. This represents a 1.51% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Bruce M. Taten sold 3,268 shares of Aviat Networks stock in a transaction on Tuesday, November 11th. The shares were sold at an average price of $23.39, for a total transaction of $76,438.52. Following the completion of the sale, the director owned 20,391 shares in the company, valued at approximately $476,945.49. This trade represents a 13.81% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 5.30% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Lake Street Capital restated a “buy” rating and set a $34.00 price target on shares of Aviat Networks in a research report on Wednesday, November 5th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Aviat Networks in a research report on Monday. B. Riley restated a “buy” rating and issued a $35.00 target price (up previously from $33.00) on shares of Aviat Networks in a research report on Wednesday, November 5th. Finally, Wall Street Zen raised shares of Aviat Networks from a “hold” rating to a “buy” rating in a research note on Saturday, September 13th. Three analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $33.00.

Aviat Networks Trading Down 2.3%

NASDAQ:AVNW opened at $20.60 on Friday. The firm has a market capitalization of $264.50 million, a P/E ratio of 20.00 and a beta of 0.92. The company has a quick ratio of 1.51, a current ratio of 1.84 and a debt-to-equity ratio of 0.39. The company has a fifty day moving average of $22.71 and a 200 day moving average of $22.71. Aviat Networks, Inc. has a 52 week low of $15.80 and a 52 week high of $26.83.

Aviat Networks (NASDAQ:AVNW) last released its quarterly earnings data on Thursday, December 7th. The communications equipment provider reported $0.75 earnings per share (EPS) for the quarter. The firm had revenue of $81.25 million for the quarter. Aviat Networks had a net margin of 2.95% and a return on equity of 12.04%. On average, research analysts predict that Aviat Networks, Inc. will post 0.5 earnings per share for the current year.

Aviat Networks Company 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.