First Trust Advisors LP Sells 3,665 Shares of Aviat Networks, Inc. (NASDAQ:AVNW)

First Trust Advisors LP trimmed its position in shares of Aviat Networks, Inc. (NASDAQ:AVNW) by 9.2% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 36,045 shares of the communications equipment provider’s stock after selling 3,665 shares during the quarter. First Trust Advisors LP owned approximately 0.28% of Aviat Networks worth $653,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. GAMMA Investing LLC bought a new stake in shares of Aviat Networks during the fourth quarter valued at approximately $34,000. AlphaQuest LLC purchased a new stake in shares of Aviat Networks in the 4th quarter worth about $133,000. Quantbot Technologies LP bought a new position in shares of Aviat Networks in the 4th quarter worth about $156,000. Truvestments Capital LLC lifted its position in Aviat Networks by 8.0% during the 4th quarter. Truvestments Capital LLC now owns 10,723 shares of the communications equipment provider’s stock valued at $194,000 after acquiring an additional 794 shares during the period. Finally, Walleye Capital LLC bought a new stake in Aviat Networks during the fourth quarter worth about $248,000. Hedge funds and other institutional investors own 78.62% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Northland Securities reissued an “outperform” rating and issued a $30.00 price target (up from $27.00) on shares of Aviat Networks in a research report on Wednesday, February 5th. StockNews.com upgraded shares of Aviat Networks from a “sell” rating to a “hold” rating in a research note on Wednesday, February 5th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $37.60.

Aviat Networks Stock Up 1.6 %

Aviat Networks stock opened at $20.90 on Friday. The firm has a market cap of $265.10 million, a price-to-earnings ratio of -104.49 and a beta of 1.67. The company has a current ratio of 1.68, a quick ratio of 1.37 and a debt-to-equity ratio of 0.29. Aviat Networks, Inc. has a 12 month low of $12.96 and a 12 month high of $31.98. The stock has a fifty day simple moving average of $18.52 and a two-hundred day simple moving average of $18.63.

Aviat Networks (NASDAQ:AVNW) last issued its earnings results on Tuesday, February 4th. The communications equipment provider reported $0.66 earnings per share for the quarter, topping analysts’ consensus estimates of $0.09 by $0.57. Aviat Networks had a positive return on equity of 4.33% and a negative net margin of 0.56%. Equities analysts predict that Aviat Networks, Inc. will post 0.5 EPS for the current fiscal year.

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.