Pacific Ridge Capital Partners LLC Purchases New Position in Aviat Networks, Inc. (NASDAQ:AVNW)

Pacific Ridge Capital Partners LLC acquired a new position in shares of Aviat Networks, Inc. (NASDAQ:AVNW) during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 162,756 shares of the communications equipment provider’s stock, valued at approximately $3,120,000. Pacific Ridge Capital Partners LLC owned about 1.28% of Aviat Networks at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. GAMMA Investing LLC lifted its holdings in shares of Aviat Networks by 36.9% in the 1st quarter. GAMMA Investing LLC now owns 2,592 shares of the communications equipment provider’s stock worth $50,000 after acquiring an additional 699 shares during the last quarter. Franklin Resources Inc. lifted its stake in Aviat Networks by 1.9% in the fourth quarter. Franklin Resources Inc. now owns 173,940 shares of the communications equipment provider’s stock worth $3,150,000 after purchasing an additional 3,288 shares during the last quarter. Bank of America Corp DE lifted its stake in Aviat Networks by 125.4% in the fourth quarter. Bank of America Corp DE now owns 35,072 shares of the communications equipment provider’s stock worth $635,000 after purchasing an additional 19,511 shares during the last quarter. D. E. Shaw & Co. Inc. purchased a new position in shares of Aviat Networks during the fourth quarter valued at approximately $1,870,000. Finally, Northern Trust Corp grew its stake in shares of Aviat Networks by 1.3% during the fourth quarter. Northern Trust Corp now owns 101,091 shares of the communications equipment provider’s stock valued at $1,831,000 after buying an additional 1,321 shares during the last quarter. 78.62% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, VP Erin Boase sold 5,634 shares of Aviat Networks stock in a transaction on Thursday, July 3rd. The stock was sold at an average price of $25.00, for a total transaction of $140,850.00. Following the completion of the sale, the vice president directly owned 22,290 shares in the company, valued at approximately $557,250. This trade represents a 20.18% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Over the last 90 days, insiders sold 10,601 shares of company stock valued at $255,825. Corporate insiders own 4.10% of the company’s stock.

Aviat Networks Trading Down 3.4%

Shares of NASDAQ AVNW opened at $20.86 on Friday. Aviat Networks, Inc. has a fifty-two week low of $12.95 and a fifty-two week high of $28.96. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.29 and a current ratio of 1.62. The company has a market cap of $265.55 million, a price-to-earnings ratio of -104.30 and a beta of 1.56. The business’s 50 day moving average price is $23.00 and its 200-day moving average price is $20.79.

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.