Paradigm Capital Management Inc. NY lowered its position in Aviat Networks, Inc. (NASDAQ:AVNW – Free Report) by 0.3% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 999,600 shares of the communications equipment provider’s stock after selling 2,600 shares during the quarter. Aviat Networks comprises approximately 1.3% of Paradigm Capital Management Inc. NY’s investment portfolio, making the stock its 25th biggest holding. Paradigm Capital Management Inc. NY owned 7.96% of Aviat Networks worth $28,679,000 at the end of the most recent quarter.
A number of other hedge funds also recently made changes to their positions in AVNW. nVerses Capital LLC acquired a new stake in Aviat Networks in the 2nd quarter valued at approximately $29,000. BNP Paribas Financial Markets lifted its holdings in Aviat Networks by 84.8% in the first quarter. BNP Paribas Financial Markets now owns 5,475 shares of the communications equipment provider’s stock worth $210,000 after purchasing an additional 2,513 shares during the period. Covestor Ltd grew its position in Aviat Networks by 309.8% in the 1st quarter. Covestor Ltd now owns 5,934 shares of the communications equipment provider’s stock valued at $228,000 after buying an additional 4,486 shares in the last quarter. Truvestments Capital LLC increased its stake in Aviat Networks by 26.2% during the 1st quarter. Truvestments Capital LLC now owns 10,654 shares of the communications equipment provider’s stock valued at $408,000 after buying an additional 2,213 shares during the period. Finally, Private Advisor Group LLC raised its position in shares of Aviat Networks by 45.4% during the 1st quarter. Private Advisor Group LLC now owns 12,832 shares of the communications equipment provider’s stock worth $492,000 after buying an additional 4,009 shares in the last quarter. Institutional investors own 78.62% of the company’s stock.
Aviat Networks Price Performance
Shares of NASDAQ:AVNW opened at $22.71 on Tuesday. The company has a market capitalization of $285.35 million, a PE ratio of 20.10 and a beta of 1.81. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.79 and a current ratio of 2.12. The stock has a fifty day moving average of $26.89 and a 200-day moving average of $30.24. Aviat Networks, Inc. has a one year low of $18.00 and a one year high of $38.85.
Analyst Upgrades and Downgrades
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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.
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