New Century Advisors LLC Has $42,000 Stock Holdings in Aviat Networks, Inc. (NASDAQ:AVNW)

New Century Advisors LLC boosted its stake in Aviat Networks, Inc. (NASDAQ:AVNWGet Rating) by 56.3% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 1,697 shares of the communications equipment provider’s stock after buying an additional 611 shares during the period. New Century Advisors LLC’s holdings in Aviat Networks were worth $42,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of AVNW. Royce & Associates LP grew its stake in Aviat Networks by 43.4% in the 1st quarter. Royce & Associates LP now owns 614,327 shares of the communications equipment provider’s stock valued at $18,903,000 after buying an additional 185,907 shares during the last quarter. Select Equity Group L.P. grew its stake in Aviat Networks by 527.9% in the 1st quarter. Select Equity Group L.P. now owns 213,394 shares of the communications equipment provider’s stock valued at $6,566,000 after buying an additional 179,410 shares during the last quarter. State Street Corp grew its stake in Aviat Networks by 61.4% in the 1st quarter. State Street Corp now owns 272,987 shares of the communications equipment provider’s stock valued at $8,400,000 after buying an additional 103,808 shares during the last quarter. Assenagon Asset Management S.A. grew its stake in Aviat Networks by 222.7% in the 1st quarter. Assenagon Asset Management S.A. now owns 110,554 shares of the communications equipment provider’s stock valued at $3,402,000 after buying an additional 76,293 shares during the last quarter. Finally, First Eagle Investment Management LLC acquired a new position in Aviat Networks in the 1st quarter valued at about $1,875,000. Institutional investors and hedge funds own 63.72% of the company’s stock.

Insider Buying and Selling

In other news, CEO Pete A. Smith purchased 1,550 shares of Aviat Networks stock in a transaction that occurred on Monday, August 29th. The shares were acquired at an average price of $32.39 per share, for a total transaction of $50,204.50. Following the transaction, the chief executive officer now owns 124,735 shares of the company’s stock, valued at approximately $4,040,166.65. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, CEO Pete A. Smith bought 1,550 shares of the business’s stock in a transaction on Monday, August 29th. The shares were purchased at an average price of $32.39 per share, for a total transaction of $50,204.50. Following the completion of the transaction, the chief executive officer now directly owns 124,735 shares of the company’s stock, valued at approximately $4,040,166.65. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Pete A. Smith sold 2,001 shares of the firm’s stock in a transaction that occurred on Tuesday, July 5th. The shares were sold at an average price of $24.52, for a total transaction of $49,064.52. Following the completion of the sale, the chief executive officer now owns 123,185 shares in the company, valued at approximately $3,020,496.20. The disclosure for this sale can be found here. 3.70% of the stock is currently owned by company insiders.

Aviat Networks Stock Performance

Shares of NASDAQ AVNW traded down $1.21 during trading hours on Friday, hitting $28.58. 212 shares of the stock were exchanged, compared to its average volume of 68,537. The company has a market cap of $319.81 million, a PE ratio of 16.74 and a beta of 1.74. The company’s fifty day simple moving average is $31.05 and its two-hundred day simple moving average is $29.44. Aviat Networks, Inc. has a 1-year low of $23.88 and a 1-year high of $36.63.

Aviat Networks (NASDAQ:AVNWGet Rating) last posted its quarterly earnings results on Tuesday, August 23rd. The communications equipment provider reported $0.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.62 by $0.05. Aviat Networks had a net margin of 6.98% and a return on equity of 15.86%. During the same quarter last year, the business posted $0.45 EPS. As a group, sell-side analysts expect that Aviat Networks, Inc. will post 2.88 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. B. Riley increased their target price on shares of Aviat Networks from $55.00 to $56.00 and gave the stock a “buy” rating in a research report on Wednesday, August 24th. JMP Securities assumed coverage on shares of Aviat Networks in a research report on Thursday, September 1st. They set an “outperform” rating and a $50.00 target price on the stock. Northland Securities increased their target price on shares of Aviat Networks from $55.00 to $65.00 and gave the stock an “outperform” rating in a research report on Tuesday, June 28th. Finally, Litchfield Hills Research restated a “buy” rating on shares of Aviat Networks in a research report on Wednesday, August 31st. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $57.00.

Aviat Networks Company Profile

(Get Rating)

Aviat Networks, Inc provides microwave 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 and switches; microwave trunking; element management products; and software products, such as aviat design, frequency assurance software, and health assurance software.

Featured Articles

Want to see what other hedge funds are holding AVNW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Aviat Networks, Inc. (NASDAQ:AVNWGet Rating).

Institutional Ownership by Quarter for Aviat Networks (NASDAQ:AVNW)

Receive News & Ratings for Aviat Networks Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Aviat Networks and related companies with MarketBeat.com's FREE daily email newsletter.