Royce & Associates LP Has $13.86 Million Stock Position in Aviat Networks, Inc. $AVNW

Royce & Associates LP lifted its holdings in shares of Aviat Networks, Inc. (NASDAQ:AVNW) by 8.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 648,235 shares of the communications equipment provider’s stock after acquiring an additional 51,000 shares during the period. Royce & Associates LP owned approximately 5.02% of Aviat Networks worth $13,859,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in AVNW. Quarry LP bought a new stake in shares of Aviat Networks during the third quarter worth about $27,000. Raymond James Financial Inc. bought a new stake in shares of Aviat Networks during the second quarter worth about $28,000. Comerica Bank increased its position in shares of Aviat Networks by 40.2% during the first quarter. Comerica Bank now owns 2,720 shares of the communications equipment provider’s stock worth $52,000 after acquiring an additional 780 shares in the last quarter. BNP Paribas Financial Markets increased its position in shares of Aviat Networks by 96.5% during the third quarter. BNP Paribas Financial Markets now owns 2,281 shares of the communications equipment provider’s stock worth $52,000 after acquiring an additional 1,120 shares in the last quarter. Finally, State of Wyoming bought a new stake in shares of Aviat Networks during the third quarter worth about $63,000. 78.62% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

AVNW has been the subject of several recent research reports. Roth Mkm decreased their target price on shares of Aviat Networks from $41.00 to $38.00 and set a “buy” rating for the company in a research report on Wednesday, February 4th. Zacks Research downgraded shares of Aviat Networks from a “hold” rating to a “strong sell” rating in a research report on Friday, May 8th. B. Riley Financial reissued a “buy” rating and set a $36.00 target price (up from $35.00) on shares of Aviat Networks in a research report on Wednesday, February 4th. Citizens Jmp reduced their price objective on shares of Aviat Networks from $30.00 to $25.00 and set a “market outperform” rating for the company in a research report on Wednesday, May 6th. Finally, Wall Street Zen downgraded shares of Aviat Networks from a “buy” rating to a “hold” rating in a research report on Sunday, April 26th. Four equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $30.00.

Aviat Networks Trading Up 0.3%

Shares of AVNW stock opened at $17.98 on Thursday. Aviat Networks, Inc. has a 52-week low of $13.92 and a 52-week high of $27.02. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.67 and a current ratio of 1.99. The company has a 50-day simple moving average of $20.55 and a two-hundred day simple moving average of $21.99. The company has a market capitalization of $232.66 million, a price-to-earnings ratio of 26.06 and a beta of 0.82.

Aviat Networks (NASDAQ:AVNW) last released its earnings results on Monday, May 4th. The communications equipment provider reported $0.06 earnings per share for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.36). Aviat Networks had a net margin of 2.08% and a return on equity of 6.89%. The company had revenue of $100.00 million for the quarter, compared to the consensus estimate of $106.39 million. Research analysts anticipate that Aviat Networks, Inc. will post 1.19 EPS for the current fiscal year.

Aviat Networks Company Profile

Aviat Networks, Inc is a specialist in wireless transport solutions, designing, manufacturing and selling microwave networking products that enable the secure and reliable transmission of data, voice and video. The company’s offerings address mission-critical communications needs for a broad range of end markets, including telecommunications service providers, utilities, government agencies and enterprises. Its product portfolio spans high-capacity packet microwave radios, IP transport systems and network management software.

Aviat’s core product lines include the WTM series of packet microwave platforms, which deliver scalable throughput and advanced resilience features, and the Eclipse packet microwave systems, which combine broadband capacity with synchronization, security and quality-of-service capabilities.