US Bancorp DE Makes New Investment in Aviat Networks, Inc. $AVNW

US Bancorp DE bought a new stake in shares of Aviat Networks, Inc. (NASDAQ:AVNW) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 4,280 shares of the communications equipment provider’s stock, valued at approximately $82,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. GAMMA Investing LLC increased its holdings in Aviat Networks by 36.9% during the 1st quarter. GAMMA Investing LLC now owns 2,592 shares of the communications equipment provider’s stock worth $50,000 after purchasing an additional 699 shares during the last quarter. Bank of America Corp DE increased its stake in shares of 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 buying an additional 19,511 shares during the last quarter. D. E. Shaw & Co. Inc. acquired a new stake in Aviat Networks in the fourth quarter valued at $1,870,000. Northern Trust Corp boosted its stake in Aviat Networks by 1.3% during the 4th quarter. Northern Trust Corp now owns 101,091 shares of the communications equipment provider’s stock valued at $1,831,000 after acquiring an additional 1,321 shares during the last quarter. Finally, Graham Capital Management L.P. bought a new position in Aviat Networks during the 4th quarter valued at $214,000. 78.62% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Aviat Networks

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

Aviat Networks Price Performance

AVNW opened at $21.55 on Monday. The company has a market capitalization of $274.33 million, a P/E ratio of -107.75 and a beta of 1.56. The company has a 50-day moving average of $23.05 and a 200-day moving average of $21.01. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.29 and a current ratio of 1.62. Aviat Networks, Inc. has a 1-year low of $12.95 and a 1-year high of $28.37.

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.