Aviat Networks, Inc. (NASDAQ:AVNW) Receives $38.60 Consensus PT from Analysts

Shares of Aviat Networks, Inc. (NASDAQ:AVNW) have earned an average recommendation of “Buy” from the five ratings firms that are presently covering the stock, Marketbeat.com reports. Five research analysts have rated the stock with a buy rating. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $38.60.

AVNW has been the topic of several analyst reports. Northland Securities reduced their target price on Aviat Networks from $40.00 to $35.00 and set an “outperform” rating on the stock in a report on Tuesday, October 8th. StockNews.com lowered Aviat Networks from a “hold” rating to a “sell” rating in a research note on Thursday, November 7th. Lake Street Capital dropped their price target on 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 target on shares of Aviat Networks in a research note on Tuesday, October 8th. Finally, Roth Mkm dropped their price target on Aviat Networks from $43.00 to $39.00 and set a “buy” rating on the stock in a research note on Wednesday, November 6th.

Aviat Networks Stock Performance

Shares of AVNW stock opened at $19.47 on Monday. The business’s 50 day simple moving average is $17.50 and its 200 day simple moving average is $21.74. Aviat Networks has a one year low of $12.95 and a one year high of $38.85. The stock has a market capitalization of $247.07 million, a PE ratio of -62.81 and a beta of 1.69. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.72 and a quick ratio of 1.40.

Insider Transactions at Aviat Networks

In other news, CFO Michael Connaway bought 3,500 shares of the stock in a transaction dated Friday, November 8th. The shares were bought at an average cost of $14.13 per share, with a total value of $49,455.00. Following the completion of the transaction, the chief financial officer now directly owns 57,893 shares of the company’s stock, valued at $818,028.09. This trade represents a 6.43 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Pete A. Smith purchased 3,000 shares of the stock in a transaction that occurred on Friday, November 8th. The stock was bought at an average cost of $14.13 per share, with a total value of $42,390.00. Following the completion of the transaction, the chief executive officer now directly owns 298,539 shares in the company, valued at $4,218,356.07. The trade was a 1.02 % increase in their position. The disclosure for this purchase can be found here. Insiders have bought 7,400 shares of company stock valued at $106,110 over the last ninety days. 4.10% of the stock is owned by company insiders.

Institutional Investors Weigh In On Aviat Networks

A number of institutional investors and hedge funds have recently bought and sold shares of AVNW. Rhumbline Advisers raised its position in Aviat Networks by 2.9% in 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 last quarter. American Century Companies Inc. raised its position in Aviat Networks by 15.6% in the 2nd quarter. American Century Companies Inc. now owns 17,604 shares of the communications equipment provider’s stock valued at $505,000 after buying an additional 2,375 shares during the last quarter. Dimensional Fund Advisors LP raised its position in Aviat Networks by 1.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 425,538 shares of the communications equipment provider’s stock valued at $12,208,000 after buying an additional 7,968 shares during the last quarter. AQR Capital Management LLC raised its position in Aviat Networks by 18.3% in the 2nd quarter. AQR Capital Management LLC now owns 34,602 shares of the communications equipment provider’s stock valued at $993,000 after buying an additional 5,343 shares during the last quarter. Finally, Select Equity Group L.P. raised its position in Aviat Networks by 8.7% in the 2nd quarter. Select Equity Group L.P. now owns 380,184 shares of the communications equipment provider’s stock valued at $10,907,000 after buying an additional 30,582 shares during the last quarter. 78.62% of the stock is owned by hedge funds and other institutional investors.

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.