Kennedy Capital Management LLC Has $10.14 Million Holdings in Aviat Networks, Inc. $AVNW

Kennedy Capital Management LLC grew its position in shares of Aviat Networks, Inc. (NASDAQ:AVNW) by 29.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 421,663 shares of the communications equipment provider’s stock after acquiring an additional 95,884 shares during the quarter. Kennedy Capital Management LLC owned about 3.31% of Aviat Networks worth $10,141,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently modified their holdings of the company. Jacobs Levy Equity Management Inc. acquired a new position in Aviat Networks during the first quarter worth $3,783,000. Nuveen LLC bought a new stake in shares of Aviat Networks during the first quarter worth about $3,366,000. Crown Advisors Management Inc. bought a new position in Aviat Networks in the 2nd quarter valued at about $2,164,000. American Century Companies Inc. boosted its stake in Aviat Networks by 157.8% during the 2nd quarter. American Century Companies Inc. now owns 144,922 shares of the communications equipment provider’s stock valued at $3,485,000 after purchasing an additional 88,713 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. increased its holdings in Aviat Networks by 148.0% during the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 116,485 shares of the communications equipment provider’s stock worth $2,233,000 after purchasing an additional 69,521 shares in the last quarter. 78.62% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on AVNW shares. Lake Street Capital restated a “buy” rating and issued a $34.00 target price on shares of Aviat Networks in a report on Wednesday, November 5th. Weiss Ratings reissued a “hold (c-)” rating on shares of Aviat Networks in a research report on Monday. B. Riley reaffirmed a “buy” rating and set a $35.00 price objective (up from $33.00) on shares of Aviat Networks in a report on Wednesday, November 5th. Finally, Wall Street Zen upgraded shares of Aviat Networks from a “hold” rating to a “buy” rating in a report on Saturday, September 13th. Three investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $33.00.

Aviat Networks Stock Performance

Shares of AVNW stock opened at $20.60 on Friday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.51 and a current ratio of 1.84. The firm has a market cap of $264.50 million, a price-to-earnings ratio of 20.00 and a beta of 0.92. Aviat Networks, Inc. has a 52 week low of $15.80 and a 52 week high of $26.83. The firm’s 50-day simple moving average is $22.71 and its two-hundred day simple moving average is $22.71.

Aviat Networks (NASDAQ:AVNW) last issued its quarterly earnings results on Thursday, December 7th. The communications equipment provider reported $0.75 earnings per share (EPS) for the quarter. Aviat Networks had a net margin of 2.95% and a return on equity of 12.04%. The company had revenue of $81.25 million during the quarter. As a group, equities analysts forecast that Aviat Networks, Inc. will post 0.5 earnings per share for the current year.

Insider Buying and Selling at Aviat Networks

In other Aviat Networks news, Director Bruce M. Taten sold 3,268 shares of the business’s stock in a transaction on Tuesday, November 11th. The stock was sold at an average price of $23.39, for a total value of $76,438.52. Following the sale, the director directly owned 20,391 shares in the company, valued at $476,945.49. The trade was a 13.81% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Pete A. Smith sold 5,350 shares of the stock in a transaction on Tuesday, November 11th. The stock was sold at an average price of $23.39, for a total value of $125,136.50. Following the transaction, the chief executive officer owned 349,447 shares of the company’s stock, valued at $8,173,565.33. The trade was a 1.51% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 5.30% of the company’s stock.

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.