Aviat Networks, Inc. (NASDAQ:AVNW) Shares Sold by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. lessened its position in Aviat Networks, Inc. (NASDAQ:AVNW) by 39.2% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 16,543 shares of the communications equipment provider’s stock after selling 10,670 shares during the period. Assenagon Asset Management S.A. owned approximately 0.13% of Aviat Networks worth $300,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. American Century Companies Inc. boosted its position 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 worth $505,000 after purchasing an additional 2,375 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in Aviat Networks by 1.9% during the second 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 in the last quarter. AQR Capital Management LLC boosted its holdings in Aviat Networks by 18.3% during the second quarter. AQR Capital Management LLC now owns 34,602 shares of the communications equipment provider’s stock worth $993,000 after buying an additional 5,343 shares in the last quarter. Delphi Management Inc. MA grew its position in Aviat Networks by 10.9% during the second quarter. Delphi Management Inc. MA now owns 23,788 shares of the communications equipment provider’s stock worth $682,000 after buying an additional 2,337 shares during the period. Finally, NBC Securities Inc. purchased a new position in Aviat Networks in the third quarter valued at about $62,000. Hedge funds and other institutional investors own 78.62% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on AVNW shares. Roth Mkm decreased their target price on Aviat Networks from $43.00 to $39.00 and set a “buy” rating on the stock in a research report on Wednesday, November 6th. JMP Securities reiterated a “market outperform” rating and issued a $50.00 price objective on shares of Aviat Networks in a research report on Tuesday, October 8th. Northland Securities lowered 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 note on Tuesday, October 8th. StockNews.com cut shares of Aviat Networks from a “hold” rating to a “sell” rating in a research report on Thursday, November 7th. Finally, Lake Street Capital lowered their price target 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. One research analyst has rated the stock with a sell rating and five have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $38.60.

Insider Transactions at Aviat Networks

In other news, CEO Pete A. Smith bought 3,000 shares of the stock in a transaction that occurred on Friday, November 8th. The shares were purchased at an average cost of $14.13 per share, with a total value of $42,390.00. Following the completion of the acquisition, the chief executive officer now directly owns 298,539 shares in the company, valued at approximately $4,218,356.07. The trade was a 1.02 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Michael Connaway bought 3,500 shares of the company’s stock in a transaction that occurred on Friday, November 8th. The stock was acquired at an average price of $14.13 per share, for a total transaction of $49,455.00. Following the completion of the acquisition, the chief financial officer now directly 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. Over the last quarter, insiders acquired 7,400 shares of company stock valued at $106,110. 4.10% of the stock is currently owned by corporate insiders.

Aviat Networks Stock Down 0.1 %

NASDAQ:AVNW opened at $19.47 on Friday. The firm has a market capitalization of $247.07 million, a PE ratio of -62.81 and a beta of 1.69. Aviat Networks, Inc. has a 52 week low of $12.95 and a 52 week high of $38.85. The company has a current ratio of 1.72, a quick ratio of 1.40 and a debt-to-equity ratio of 0.33. The stock has a 50 day moving average of $17.50 and a 200-day moving average of $21.78.

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.