Fisher Asset Management LLC Invests $678,000 in Aviat Networks, Inc. $AVNW

Fisher Asset Management LLC bought a new stake in shares of Aviat Networks, Inc. (NASDAQ:AVNW) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 31,719 shares of the communications equipment provider’s stock, valued at approximately $678,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in AVNW. Pacific Ridge Capital Partners LLC boosted its holdings in Aviat Networks by 34.5% in the third quarter. Pacific Ridge Capital Partners LLC now owns 311,254 shares of the communications equipment provider’s stock worth $7,137,000 after acquiring an additional 79,774 shares in the last quarter. Weber Capital Management LLC ADV acquired a new position in shares of Aviat Networks during the fourth quarter valued at about $3,099,000. Western Standard LLC raised its position in shares of Aviat Networks by 84.5% in the 4th 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. White Pine Capital LLC boosted its stake in Aviat Networks by 95.4% in the 3rd quarter. White Pine Capital LLC now owns 54,926 shares of the communications equipment provider’s stock worth $1,259,000 after purchasing an additional 26,813 shares in the last quarter. Finally, Acuitas Investments LLC boosted its stake in Aviat Networks by 100.1% in the 3rd quarter. Acuitas Investments LLC now owns 63,377 shares of the communications equipment provider’s stock worth $1,453,000 after purchasing an additional 31,700 shares in the last quarter. 78.62% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have issued reports on AVNW shares. Citizens Jmp cut their price target on shares of Aviat Networks from $30.00 to $25.00 and set a “market outperform” rating on the stock in a research note on Wednesday, May 6th. B. Riley Financial reissued a “buy” rating and set a $36.00 price objective (up from $35.00) on shares of Aviat Networks in a report on Wednesday, February 4th. Zacks Research downgraded Aviat Networks from a “hold” rating to a “strong sell” rating in a research report on Friday, May 8th. Lake Street Capital set a $31.00 price target on Aviat Networks and gave the stock a “buy” rating in a research report on Tuesday, May 5th. Finally, Wall Street Zen downgraded Aviat Networks from a “buy” rating to a “hold” rating in a research note on Sunday, April 26th. Four research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, Aviat Networks presently has an average rating of “Hold” and a consensus target price of $30.00.

Aviat Networks Stock Down 0.1%

AVNW stock opened at $17.77 on Friday. The firm’s fifty day simple moving average is $20.26 and its 200-day simple moving average is $21.93. The company has a market capitalization of $229.94 million, a P/E ratio of 25.75 and a beta of 0.82. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.99 and a quick ratio of 1.67. Aviat Networks, Inc. has a 12 month low of $13.92 and a 12 month high of $27.02.

Aviat Networks (NASDAQ:AVNW) last issued its earnings results on Monday, May 4th. The communications equipment provider reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.42 by ($0.36). The business had revenue of $100.00 million for the quarter, compared to analysts’ expectations of $106.39 million. Aviat Networks had a return on equity of 6.89% and a net margin of 2.08%. As a group, equities research analysts forecast that Aviat Networks, Inc. will post 1.19 earnings per share for the current year.

About Aviat Networks

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.