GAMMA Investing LLC Sells 1,241 Shares of Aviat Networks, Inc. $AVNW

GAMMA Investing LLC reduced its holdings in Aviat Networks, Inc. (NASDAQ:AVNW) by 47.9% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,351 shares of the communications equipment provider’s stock after selling 1,241 shares during the period. GAMMA Investing LLC’s holdings in Aviat Networks were worth $32,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Pacific Ridge Capital Partners LLC bought a new stake in shares of Aviat Networks during the first quarter valued at approximately $3,120,000. Dynamic Technology Lab Private Ltd bought a new stake in shares of Aviat Networks during the first quarter valued at approximately $632,000. US Bancorp DE bought a new stake in shares of Aviat Networks during the first quarter valued at approximately $82,000. Bank of America Corp DE increased its position in shares of Aviat Networks by 125.4% during the fourth quarter. Bank of America Corp DE now owns 35,072 shares of the communications equipment provider’s stock valued at $635,000 after purchasing an additional 19,511 shares during the period. Finally, Fuller & Thaler Asset Management Inc. bought a new stake in shares of Aviat Networks during the first quarter valued at approximately $425,000. 78.62% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on AVNW. Wall Street Zen upgraded Aviat Networks from a “hold” rating to a “buy” rating in a research report on Saturday, September 13th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Aviat Networks in a research report on Saturday, September 27th. Four equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $36.50.

Aviat Networks Trading Up 1.5%

NASDAQ AVNW opened at $22.79 on Monday. The stock has a 50-day simple moving average of $22.60 and a 200 day simple moving average of $21.45. The company has a market capitalization of $291.71 million, a PE ratio of 284.91 and a beta of 1.61. The company has a current ratio of 1.64, a quick ratio of 1.35 and a debt-to-equity ratio of 0.26. Aviat Networks, Inc. has a 12 month low of $12.95 and a 12 month high of $26.83.

Insider Buying and Selling

In related news, SVP Gary Croke sold 6,742 shares of the company’s stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $22.41, for a total value of $151,088.22. Following the completion of the sale, the senior vice president owned 45,159 shares in the company, valued at approximately $1,012,013.19. This represents a 12.99% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Corporate insiders own 5.30% of the company’s stock.

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.