Jane Street Group LLC Has $535,000 Stake in Aviat Networks, Inc. (NASDAQ:AVNW)

Jane Street Group LLC grew its holdings in shares of Aviat Networks, Inc. (NASDAQ:AVNW) by 59.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 24,737 shares of the communications equipment provider’s stock after acquiring an additional 9,186 shares during the period. Jane Street Group LLC owned 0.19% of Aviat Networks worth $535,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. Royce & Associates LP grew its holdings in Aviat Networks by 8.5% during the 3rd quarter. Royce & Associates LP now owns 696,394 shares of the communications equipment provider’s stock worth $15,063,000 after acquiring an additional 54,339 shares during the period. Dimensional Fund Advisors LP grew its holdings 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 acquiring an additional 7,968 shares during the period. Select Equity Group L.P. grew its holdings 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 acquiring an additional 30,582 shares during the period. State Street Corp grew its holdings in Aviat Networks by 1.6% during the 3rd quarter. State Street Corp now owns 237,689 shares of the communications equipment provider’s stock worth $5,141,000 after acquiring an additional 3,855 shares during the period. Finally, Herald Investment Management Ltd boosted its position in shares of Aviat Networks by 3.3% during 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 in the last quarter. 78.62% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Aviat Networks

In other news, CEO Pete A. Smith bought 3,000 shares of the company’s stock in a transaction on Friday, November 8th. The shares were purchased at an average price of $14.13 per share, with a total value of $42,390.00. Following the transaction, the chief executive officer now directly owns 298,539 shares in the company, valued at $4,218,356.07. This represents a 1.02 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Michael Connaway bought 3,500 shares of the company’s stock in a transaction on Friday, November 8th. The shares were purchased at an average cost of $14.13 per share, for a total transaction of $49,455.00. Following the transaction, the chief financial officer now owns 57,893 shares in the company, valued at approximately $818,028.09. This represents a 6.43 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last quarter, insiders have acquired 7,400 shares of company stock valued at $106,110. 4.10% of the stock is owned by corporate insiders.

Aviat Networks Price Performance

Shares of NASDAQ AVNW opened at $18.40 on Monday. Aviat Networks, Inc. has a fifty-two week low of $12.95 and a fifty-two week high of $38.85. The stock has a market cap of $233.50 million, a price-to-earnings ratio of -59.35 and a beta of 1.72. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.40 and a current ratio of 1.72. The firm’s 50-day simple moving average is $16.93 and its 200 day simple moving average is $22.69.

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

Analyst Ratings Changes

AVNW has been the topic of a number of research analyst reports. StockNews.com cut shares of Aviat Networks from a “hold” rating to a “sell” rating in a research report on Thursday, November 7th. B. Riley cut their price objective on shares of Aviat Networks from $55.00 to $42.00 and set a “buy” rating on the stock in a research report on Friday, September 13th. Roth Mkm cut their price objective on shares of Aviat Networks from $43.00 to $39.00 and set a “buy” rating on the stock in a research report on Wednesday, November 6th. Lake Street Capital cut 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 report on Wednesday, November 6th. Finally, Northland Securities cut their price objective on shares of Aviat Networks from $40.00 to $35.00 and set an “outperform” rating on the stock in a research report on Tuesday, October 8th. One analyst has rated the stock with a sell rating and five have given a buy rating to the stock. According to data from MarketBeat.com, Aviat Networks currently has an average rating of “Moderate Buy” and an average target price of $38.60.

Aviat Networks 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.