59,215 Shares in Aviat Networks, Inc. (NASDAQ:AVNW) Acquired by Tieton Capital Management LLC

Tieton Capital Management LLC purchased a new position in shares of Aviat Networks, Inc. (NASDAQ:AVNW) in the third quarter, Holdings Channel.com reports. The institutional investor purchased 59,215 shares of the communications equipment provider’s stock, valued at approximately $1,281,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. BNP Paribas Financial Markets increased its holdings in Aviat Networks by 84.8% during the 1st quarter. BNP Paribas Financial Markets now owns 5,475 shares of the communications equipment provider’s stock worth $210,000 after purchasing an additional 2,513 shares during the period. Vanguard Group Inc. increased its holdings in Aviat Networks by 2.2% during the 1st quarter. Vanguard Group Inc. now owns 552,071 shares of the communications equipment provider’s stock worth $21,166,000 after purchasing an additional 11,662 shares during the period. Ancora Advisors LLC increased its holdings in Aviat Networks by 21.0% during the 1st quarter. Ancora Advisors LLC now owns 48,553 shares of the communications equipment provider’s stock worth $1,862,000 after purchasing an additional 8,425 shares during the period. Delphi Management Inc. MA increased its holdings in Aviat Networks by 6.5% during the 1st quarter. Delphi Management Inc. MA now owns 21,451 shares of the communications equipment provider’s stock worth $822,000 after purchasing an additional 1,305 shares during the period. Finally, Bright Futures Wealth Management LLC. purchased a new position in Aviat Networks during the 1st quarter worth $562,000. 78.62% of the stock is owned by institutional investors.

Aviat Networks Stock Up 2.0 %

Shares of AVNW stock opened at $15.42 on Friday. Aviat Networks, Inc. has a 1-year low of $12.95 and a 1-year high of $38.85. The stock’s fifty day moving average price is $19.79 and its 200 day moving average price is $25.61. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.40 and a current ratio of 1.72.

Aviat Networks (NASDAQ:AVNW) last issued its quarterly earnings results on Friday, October 4th. The communications equipment provider reported $0.58 EPS for the quarter. Aviat Networks had a positive return on equity of 4.94% and a negative net margin of 0.98%. The company had revenue of $116.66 million during the quarter. Sell-side analysts anticipate that Aviat Networks, Inc. will post 1.13 EPS for the current fiscal year.

Insider Activity

In related news, CEO Pete A. Smith acquired 3,000 shares of the firm’s stock in a transaction dated Friday, November 8th. The stock was acquired at an average price of $14.13 per share, with a total value of $42,390.00. Following the acquisition, the chief executive officer now directly owns 298,539 shares in the company, valued at $4,218,356.07. This represents a 1.02 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Michael Connaway purchased 3,500 shares of the business’s stock in a transaction that occurred on Friday, November 8th. The stock was acquired at an average price of $14.13 per share, with a total value of $49,455.00. Following the purchase, the chief financial officer now owns 57,893 shares in the company, valued at $818,028.09. This represents a 6.43 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 4.10% of the company’s stock.

Analysts Set New Price Targets

AVNW has been the topic of several research reports. JMP Securities restated a “market outperform” rating and set a $50.00 price objective on shares of Aviat Networks in a report on Tuesday, October 8th. StockNews.com downgraded Aviat Networks from a “hold” rating to a “sell” rating in a report on Thursday, November 7th. Roth Mkm cut their price target on Aviat Networks from $43.00 to $39.00 and set a “buy” rating on the stock in a report on Wednesday, November 6th. Northland Securities cut their price target on Aviat Networks from $40.00 to $35.00 and set an “outperform” rating on the stock in a report on Tuesday, October 8th. Finally, Lake Street Capital cut their price target on Aviat Networks from $45.00 to $27.00 and set a “buy” rating on the stock in a report on Wednesday, November 6th. One investment analyst has rated the stock with a sell rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $38.60.

About Aviat Networks

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.