Dynamic Technology Lab Private Ltd Takes $534,000 Position in Aviat Networks, Inc. $AVNW

Dynamic Technology Lab Private Ltd purchased a new position in shares of Aviat Networks, Inc. (NASDAQ:AVNW) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 23,292 shares of the communications equipment provider’s stock, valued at approximately $534,000. Dynamic Technology Lab Private Ltd owned about 0.18% of Aviat Networks at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. First Eagle Investment Management LLC raised its position in Aviat Networks by 0.5% during the 3rd quarter. First Eagle Investment Management LLC now owns 380,356 shares of the communications equipment provider’s stock worth $8,722,000 after buying an additional 1,807 shares during the last quarter. Pacific Ridge Capital Partners LLC raised its holdings in Aviat Networks by 34.5% during the third quarter. Pacific Ridge Capital Partners LLC now owns 311,254 shares of the communications equipment provider’s stock worth $7,137,000 after purchasing an additional 79,774 shares in the last quarter. White Pine Capital LLC raised its holdings in Aviat Networks by 95.4% during the third quarter. White Pine Capital LLC now owns 54,926 shares of the communications equipment provider’s stock worth $1,259,000 after purchasing an additional 26,813 shares in the last quarter. Vanguard Group Inc. lifted its position in Aviat Networks by 1.2% in the third quarter. Vanguard Group Inc. now owns 700,233 shares of the communications equipment provider’s stock valued at $16,056,000 after purchasing an additional 8,179 shares during the period. Finally, State of Wyoming purchased a new stake in Aviat Networks in the 3rd quarter valued at approximately $63,000. 78.62% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, SVP Gary Croke sold 6,914 shares of Aviat Networks stock in a transaction that occurred on Friday, February 6th. The stock was sold at an average price of $26.20, for a total transaction of $181,146.80. Following the completion of the transaction, the senior vice president directly owned 43,868 shares in the company, valued at $1,149,341.60. The trade was a 13.62% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Pete A. Smith sold 17,086 shares of the company’s stock in a transaction that occurred on Monday, February 9th. The shares were sold at an average price of $26.33, for a total value of $449,874.38. Following the completion of the sale, the chief executive officer directly owned 358,747 shares in the company, valued at approximately $9,445,808.51. The trade was a 4.55% decrease in their position. The SEC filing for this sale provides additional information. 5.30% of the stock is owned by corporate insiders.

Aviat Networks Stock Up 1.5%

Aviat Networks stock opened at $25.74 on Wednesday. Aviat Networks, Inc. has a fifty-two week low of $15.80 and a fifty-two week high of $27.02. The firm has a market capitalization of $332.05 million, a price-to-earnings ratio of 22.98 and a beta of 0.84. The stock’s fifty day moving average is $23.54 and its two-hundred day moving average is $22.89. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.56 and a current ratio of 1.85.

Aviat Networks (NASDAQ:AVNW) last released its quarterly earnings results on Tuesday, February 3rd. The communications equipment provider reported $0.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.48 by $0.06. The business had revenue of $111.47 million during the quarter, compared to the consensus estimate of $109.67 million. Aviat Networks had a return on equity of 10.71% and a net margin of 3.27%. Analysts predict that Aviat Networks, Inc. will post 0.5 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have issued reports on the company. Wall Street Zen cut Aviat Networks from a “buy” rating to a “hold” rating in a research report on Saturday, February 7th. Roth Mkm decreased their price target on Aviat Networks from $41.00 to $38.00 and set a “buy” rating on the stock in a research note on Wednesday, February 4th. Citizens Jmp reaffirmed a “market outperform” rating and set a $30.00 price objective on shares of Aviat Networks in a report on Wednesday, February 4th. Zacks Research upgraded Aviat Networks from a “strong sell” rating to a “hold” rating in a research report on Friday, January 23rd. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Aviat Networks in a report on Monday, December 29th. Four research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $34.50.

Aviat Networks Profile

Aviat Networks, Inc is a specialist in wireless transport solutions, designing, manufacturing and selling microwave networking products that enable the secure and reliable transmission of data, voice and video. The company’s offerings address mission-critical communications needs for a broad range of end markets, including telecommunications service providers, utilities, government agencies and enterprises. Its product portfolio spans high-capacity packet microwave radios, IP transport systems and network management software.

Aviat’s core product lines include the WTM series of packet microwave platforms, which deliver scalable throughput and advanced resilience features, and the Eclipse packet microwave systems, which combine broadband capacity with synchronization, security and quality-of-service capabilities.