AQR Capital Management LLC Increases Stock Holdings in Aviat Networks, Inc. (NASDAQ:AVNW)

AQR Capital Management LLC increased its holdings in shares of Aviat Networks, Inc. (NASDAQ:AVNW) by 18.3% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 34,602 shares of the communications equipment provider’s stock after buying an additional 5,343 shares during the quarter. AQR Capital Management LLC owned about 0.28% of Aviat Networks worth $993,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Rhumbline Advisers grew its stake in shares of 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 buying an additional 523 shares during the period. nVerses Capital LLC purchased a new stake in Aviat Networks during the second quarter valued at about $29,000. Delphi Management Inc. MA grew its position in Aviat Networks by 6.5% during the first quarter. Delphi Management Inc. MA now owns 21,451 shares of the communications equipment provider’s stock valued at $822,000 after acquiring an additional 1,305 shares during the period. Truvestments Capital LLC increased its stake in Aviat Networks by 26.2% during the first quarter. Truvestments Capital LLC now owns 10,654 shares of the communications equipment provider’s stock worth $408,000 after acquiring an additional 2,213 shares during the last quarter. Finally, Tectonic Advisors LLC raised its holdings in shares of Aviat Networks by 6.7% in the 1st quarter. Tectonic Advisors LLC now owns 35,368 shares of the communications equipment provider’s stock worth $1,356,000 after purchasing an additional 2,221 shares during the period. 78.62% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. JMP Securities reiterated a “market outperform” rating and set a $50.00 target price on shares of Aviat Networks in a report on Tuesday, October 8th. Lake Street Capital decreased their price objective on shares of Aviat Networks from $51.00 to $45.00 and set a “buy” rating for the company in a research note on Tuesday, October 8th. B. Riley cut their target price on shares of Aviat Networks from $55.00 to $42.00 and set a “buy” rating on the stock in a research note on Friday, September 13th. StockNews.com raised shares of Aviat Networks from a “hold” rating to a “buy” rating in a research report on Monday, October 7th. Finally, Northland Securities lowered their price target on Aviat Networks from $40.00 to $35.00 and set an “outperform” rating for the company in a report on Tuesday, October 8th. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Aviat Networks has an average rating of “Buy” and an average target price of $43.00.

Aviat Networks Price Performance

Shares of AVNW stock opened at $22.77 on Friday. The firm has a fifty day simple moving average of $24.61 and a 200-day simple moving average of $28.86. The company has a market capitalization of $288.72 million, a PE ratio of 23.47 and a beta of 1.80. Aviat Networks, Inc. has a twelve month low of $18.00 and a twelve month high of $38.85. The company has a current ratio of 2.12, a quick ratio of 1.79 and a debt-to-equity ratio of 0.18.

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.