12,156 Shares in Aviat Networks, Inc. (NASDAQ:AVNW) Bought by Dynamic Technology Lab Private Ltd

Dynamic Technology Lab Private Ltd acquired a new position in shares of Aviat Networks, Inc. (NASDAQ:AVNW) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 12,156 shares of the communications equipment provider’s stock, valued at approximately $263,000.

Other hedge funds have also bought and sold shares of the company. nVerses Capital LLC bought a new position in Aviat Networks during the 2nd quarter valued at about $29,000. NBC Securities Inc. bought a new position in shares of Aviat Networks during the third quarter valued at approximately $62,000. Bright Futures Wealth Management LLC. lifted its stake in shares of Aviat Networks by 16.2% during the 2nd quarter. Bright Futures Wealth Management LLC. now owns 17,022 shares of the communications equipment provider’s stock worth $484,000 after acquiring an additional 2,375 shares during the last quarter. American Century Companies Inc. boosted its holdings in Aviat Networks by 15.6% during the 2nd quarter. American Century Companies Inc. now owns 17,604 shares of the communications equipment provider’s stock valued at $505,000 after acquiring an additional 2,375 shares during the period. Finally, Rhumbline Advisers boosted its holdings in Aviat Networks by 2.9% during the 2nd quarter. Rhumbline Advisers now owns 18,716 shares of the communications equipment provider’s stock valued at $537,000 after acquiring an additional 523 shares during the period. Institutional investors own 78.62% of the company’s stock.

Insider Activity

In other news, CEO Pete A. Smith purchased 3,000 shares of the stock in a transaction dated Friday, November 8th. The shares were acquired at an average cost of $14.13 per share, for a total transaction of $42,390.00. Following the acquisition, the chief executive officer now owns 298,539 shares of the company’s stock, valued at approximately $4,218,356.07. This represents a 1.02 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Michael Connaway acquired 3,500 shares of the business’s stock in a transaction dated Friday, November 8th. The stock was purchased at an average cost of $14.13 per share, for a total transaction of $49,455.00. Following the transaction, the chief financial officer now owns 57,893 shares in the company, valued at approximately $818,028.09. The trade was a 6.43 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 4.10% of the company’s stock.

Aviat Networks Trading Up 1.0 %

NASDAQ AVNW opened at $15.83 on Monday. Aviat Networks, Inc. has a one year low of $12.95 and a one year high of $38.85. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.40 and a current ratio of 1.72. The company has a market capitalization of $200.88 million, a price-to-earnings ratio of -51.06 and a beta of 1.81. The company’s 50-day simple moving average is $19.14 and its two-hundred day simple moving average is $25.03.

Aviat Networks (NASDAQ:AVNW) last issued its quarterly earnings data on Friday, October 4th. The communications equipment provider reported $0.58 earnings per share (EPS) for the quarter. The company had revenue of $116.66 million for the quarter. Aviat Networks had a negative net margin of 0.98% and a positive return on equity of 4.94%. Equities analysts forecast that Aviat Networks, Inc. will post 1.13 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the company. B. Riley decreased their target price on Aviat Networks from $55.00 to $42.00 and set a “buy” rating for the company in a research report on Friday, September 13th. Lake Street Capital reduced their price target on shares of Aviat Networks from $45.00 to $27.00 and set a “buy” rating on the stock in a research note on Wednesday, November 6th. JMP Securities reissued a “market outperform” rating and issued a $50.00 price objective on shares of Aviat Networks in a research report on Tuesday, October 8th. StockNews.com lowered shares of Aviat Networks from a “hold” rating to a “sell” rating in a research report on Thursday, November 7th. Finally, Roth Mkm lowered their price target on Aviat Networks from $43.00 to $39.00 and set a “buy” rating for the company in a report on Wednesday, November 6th. One equities research analyst has rated the stock with a sell rating and five have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $38.60.

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.