Aviat Networks (NASDAQ:AVNW) SVP Sells $12,385.01 in Stock

Aviat Networks, Inc. (NASDAQ:AVNW) SVP Gary Croke sold 629 shares of the company’s stock in a transaction dated Monday, August 31st. The shares were sold at an average price of $19.69, for a total transaction of $12,385.01. Following the sale, the senior vice president directly owned 42,479 shares in the company, valued at approximately $836,411.51. This trade represents a 1.46% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Aviat Networks Price Performance

Shares of NASDAQ:AVNW opened at $19.32 on Friday. The firm has a market capitalization of $247.30 million, a PE ratio of 101.68 and a beta of 0.70. The company has a quick ratio of 1.66, a current ratio of 1.97 and a debt-to-equity ratio of 0.33. The company has a 50-day moving average price of $20.85 and a two-hundred day moving average price of $21.15. Aviat Networks, Inc. has a twelve month low of $13.92 and a twelve month high of $27.02.

Aviat Networks (NASDAQ:AVNW) last posted its quarterly earnings results on Thursday, August 27th. The communications equipment provider reported $0.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.55 by $0.09. The company had revenue of $120.89 million for the quarter, compared to analyst estimates of $110.12 million. Aviat Networks had a net margin of 0.58% and a return on equity of 5.85%. Equities analysts forecast that Aviat Networks, Inc. will post 2.24 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts have issued reports on AVNW shares. Citigroup restated a “market outperform” rating on shares of Aviat Networks in a research report on Friday, August 28th. B. Riley Financial reiterated a “buy” rating and issued a $33.00 price target (up from $28.00) on shares of Aviat Networks in a research report on Friday, August 28th. B Riley reiterated a “buy” rating on shares of Aviat Networks in a research note on Friday, August 28th. Roth Capital reissued a “buy” rating and set a $38.00 price objective (up from $34.00) on shares of Aviat Networks in a report on Friday, August 28th. Finally, Northland Securities raised their target price on Aviat Networks from $25.00 to $30.00 and gave the stock an “outperform” rating in a research note on Thursday, July 2nd. Nine research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $32.71.

Institutional Trading of Aviat Networks

Large investors have recently modified their holdings of the business. Tieton Capital Management LLC bought a new position in shares of Aviat Networks in the second quarter worth approximately $15,017,000. Sei Investments Co. lifted its position in Aviat Networks by 122.2% during the first quarter. Sei Investments Co. now owns 432,325 shares of the communications equipment provider’s stock valued at $9,775,000 after purchasing an additional 237,761 shares during the last quarter. Western Standard LLC lifted its position in Aviat Networks by 84.5% during the fourth quarter. Western Standard LLC now owns 494,238 shares of the communications equipment provider’s stock valued at $10,567,000 after purchasing an additional 226,332 shares during the last quarter. Marshall Wace LLP grew its stake in Aviat Networks by 140.2% in the 4th quarter. Marshall Wace LLP now owns 226,580 shares of the communications equipment provider’s stock worth $4,844,000 after buying an additional 132,262 shares in the last quarter. Finally, Hotchkis & Wiley Capital Management LLC increased its holdings in shares of Aviat Networks by 67.6% in the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 285,868 shares of the communications equipment provider’s stock worth $6,555,000 after buying an additional 115,298 shares during the last quarter. Institutional investors own 78.62% of the company’s stock.

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.