27,658 Shares in Aviat Networks, Inc. (NASDAQ:AVNW) Bought by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. purchased a new stake in Aviat Networks, Inc. (NASDAQ:AVNW) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 27,658 shares of the communications equipment provider’s stock, valued at approximately $598,000.

Several other institutional investors have also added to or reduced their stakes in AVNW. Royce & Associates LP increased its holdings in shares of Aviat Networks by 8.5% in the third quarter. Royce & Associates LP now owns 696,394 shares of the communications equipment provider’s stock valued at $15,063,000 after purchasing an additional 54,339 shares during the period. Vanguard Group Inc. increased its holdings in Aviat Networks by 2.2% in the 1st quarter. Vanguard Group Inc. now owns 552,071 shares of the communications equipment provider’s stock worth $21,166,000 after buying an additional 11,662 shares during the period. Dimensional Fund Advisors LP raised its position in Aviat Networks by 1.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 425,538 shares of the communications equipment provider’s stock worth $12,208,000 after buying an additional 7,968 shares during the last quarter. Select Equity Group L.P. raised its position in Aviat Networks by 8.7% during the 2nd quarter. Select Equity Group L.P. now owns 380,184 shares of the communications equipment provider’s stock worth $10,907,000 after buying an additional 30,582 shares during the last quarter. Finally, Hodges Capital Management Inc. lifted its stake in Aviat Networks by 80.8% during the 2nd quarter. Hodges Capital Management Inc. now owns 365,535 shares of the communications equipment provider’s stock valued at $10,487,000 after acquiring an additional 163,365 shares during the period. Institutional investors and hedge funds own 78.62% of the company’s stock.

Insider Buying and Selling

In other news, CEO Pete A. Smith purchased 3,000 shares of the company’s stock in a transaction that occurred on Friday, November 8th. The stock was purchased at an average cost of $14.13 per share, for a total transaction of $42,390.00. Following the completion of the transaction, the chief executive officer now owns 298,539 shares of the company’s stock, valued at $4,218,356.07. This trade represents a 1.02 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Michael Connaway purchased 3,500 shares of the firm’s stock in a transaction dated Friday, November 8th. The stock was acquired at an average cost of $14.13 per share, for a total transaction of $49,455.00. Following the completion of the purchase, the chief financial officer now owns 57,893 shares of the company’s stock, valued at approximately $818,028.09. This represents a 6.43 % increase in their position. The disclosure for this purchase can be found here. Insiders own 4.10% of the company’s stock.

Aviat Networks Stock Down 0.3 %

Shares of AVNW opened at $15.67 on Friday. The firm has a market cap of $198.85 million, a P/E ratio of -50.55 and a beta of 1.81. Aviat Networks, Inc. has a 12 month low of $12.95 and a 12 month high of $38.85. The stock’s 50 day moving average is $19.41 and its two-hundred day moving average is $25.25. The company has a current ratio of 1.72, a quick ratio of 1.40 and a debt-to-equity ratio of 0.33.

Aviat Networks (NASDAQ:AVNW) last issued its quarterly earnings results on Friday, October 4th. The communications equipment provider reported $0.58 EPS for the quarter. The company had revenue of $116.66 million during the quarter. Aviat Networks had a negative net margin of 0.98% and a positive return on equity of 4.94%. Analysts predict that Aviat Networks, Inc. will post 1.13 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on AVNW. Northland Securities decreased their target price on shares of Aviat Networks from $40.00 to $35.00 and set an “outperform” rating for the company in a research report on Tuesday, October 8th. JMP Securities restated a “market outperform” rating and issued a $50.00 target price on shares of Aviat Networks in a research note on Tuesday, October 8th. StockNews.com lowered Aviat Networks from a “hold” rating to a “sell” rating in a report on Thursday, November 7th. B. Riley decreased their price target on Aviat Networks from $55.00 to $42.00 and set a “buy” rating for the company in a report on Friday, September 13th. Finally, Lake Street Capital dropped their price objective on shares of Aviat Networks from $45.00 to $27.00 and set a “buy” rating on the stock in a research note on Wednesday, November 6th. One equities research analyst has rated the stock with a sell rating and five have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $38.60.

About Aviat Networks

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.