272 Capital LP Sells 45,939 Shares of Aviat Networks, Inc. (NASDAQ:AVNW)

272 Capital LP reduced its holdings in Aviat Networks, Inc. (NASDAQ:AVNW) by 21.6% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 166,372 shares of the communications equipment provider’s stock after selling 45,939 shares during the quarter. Aviat Networks comprises 2.4% of 272 Capital LP’s investment portfolio, making the stock its 14th largest position. 272 Capital LP owned approximately 1.32% of Aviat Networks worth $4,773,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in AVNW. Dimensional Fund Advisors LP lifted its stake in Aviat Networks by 1.9% in the second quarter. Dimensional Fund Advisors LP now owns 425,538 shares of the communications equipment provider’s stock worth $12,208,000 after acquiring an additional 7,968 shares during the period. Herald Investment Management Ltd lifted its position in shares of Aviat Networks by 3.3% in the 2nd quarter. Herald Investment Management Ltd now owns 155,000 shares of the communications equipment provider’s stock worth $4,435,000 after purchasing an additional 5,000 shares during the period. American Century Companies Inc. boosted its stake in shares of Aviat Networks by 15.6% during the 2nd quarter. American Century Companies Inc. now owns 17,604 shares of the communications equipment provider’s stock valued at $505,000 after purchasing an additional 2,375 shares in the last quarter. Bright Futures Wealth Management LLC. increased its position in shares of Aviat Networks by 16.2% during the second quarter. Bright Futures Wealth Management LLC. now owns 17,022 shares of the communications equipment provider’s stock valued at $484,000 after buying an additional 2,375 shares during the period. Finally, Anchor Capital Advisors LLC raised its stake in Aviat Networks by 11.7% in the second quarter. Anchor Capital Advisors LLC now owns 38,751 shares of the communications equipment provider’s stock worth $1,112,000 after buying an additional 4,054 shares in the last quarter. 78.62% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

AVNW has been the topic of several research reports. Northland Securities reaffirmed an “outperform” rating and set a $40.00 price objective (down from $50.00) on shares of Aviat Networks in a research report on Friday, September 13th. StockNews.com lowered Aviat Networks from a “strong-buy” rating to a “hold” rating in a research report on Thursday, September 19th. B. Riley decreased their price objective 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 reissued a “buy” rating and set a $51.00 price objective on shares of Aviat Networks in a research report on Friday, July 5th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $45.75.

Aviat Networks Stock Performance

Aviat Networks stock opened at $22.71 on Tuesday. Aviat Networks, Inc. has a twelve month low of $18.00 and a twelve month high of $38.85. The company has a quick ratio of 1.79, a current ratio of 2.12 and a debt-to-equity ratio of 0.18. The company has a market capitalization of $285.35 million, a P/E ratio of 20.10 and a beta of 1.81. The stock’s 50 day moving average is $26.89 and its 200 day moving average is $30.24.

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.