Aviat Networks, Inc. (NASDAQ:AVNW) Shares Bought by Barclays PLC

Barclays PLC raised its position in Aviat Networks, Inc. (NASDAQ:AVNW) by 298.0% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 15,928 shares of the communications equipment provider’s stock after purchasing an additional 11,926 shares during the period. Barclays PLC’s holdings in Aviat Networks were worth $344,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of AVNW. NBC Securities Inc. purchased a new position in Aviat Networks in the third quarter valued at $62,000. Dynamic Technology Lab Private Ltd acquired a new position in shares of Aviat Networks during the 3rd quarter worth about $263,000. BNP Paribas Financial Markets increased its holdings in shares of Aviat Networks by 635.0% in the 3rd quarter. BNP Paribas Financial Markets now owns 14,244 shares of the communications equipment provider’s stock valued at $308,000 after acquiring an additional 12,306 shares during the last quarter. Paloma Partners Management Co acquired a new stake in shares of Aviat Networks during the 3rd quarter worth about $357,000. Finally, Bright Futures Wealth Management LLC. lifted its stake in Aviat Networks by 16.2% during the second quarter. Bright Futures Wealth Management LLC. now owns 17,022 shares of the communications equipment provider’s stock worth $484,000 after purchasing an additional 2,375 shares during the last quarter. 78.62% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

AVNW has been the topic of several recent analyst reports. Lake Street Capital dropped their price target on shares of Aviat Networks from $45.00 to $27.00 and set a “buy” rating on the stock in a research note on Wednesday, November 6th. StockNews.com lowered shares of Aviat Networks from a “hold” rating to a “sell” rating in a research note on Thursday, November 7th. Roth Mkm decreased their price objective on shares of Aviat Networks from $43.00 to $39.00 and set a “buy” rating for the company in a research note on Wednesday, November 6th. B. Riley cut their target price on Aviat Networks from $55.00 to $42.00 and set a “buy” rating on the stock in a research report on Friday, September 13th. Finally, Northland Securities decreased their target price on Aviat Networks from $40.00 to $35.00 and set an “outperform” rating for the company in a research report on Tuesday, October 8th. One research analyst has rated the stock with a sell rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, Aviat Networks currently has a consensus rating of “Moderate Buy” and an average price target of $38.60.

Aviat Networks Price Performance

Shares of AVNW opened at $18.40 on Friday. The company has a market capitalization of $233.50 million, a price-to-earnings ratio of -59.35 and a beta of 1.72. Aviat Networks, Inc. has a fifty-two week low of $12.95 and a fifty-two week high of $38.85. The firm has a 50-day simple moving average of $16.93 and a 200-day simple moving average of $22.74. 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 announced its earnings results on Friday, October 4th. The communications equipment provider reported $0.58 earnings per share 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 for the quarter. On average, equities research analysts anticipate that Aviat Networks, Inc. will post 1.13 earnings per share for the current year.

Insider Buying and Selling

In other news, CFO Michael Connaway acquired 3,500 shares of Aviat Networks stock in a transaction that occurred on Friday, November 8th. The stock was purchased at an average price of $14.13 per share, for a total transaction of $49,455.00. Following the completion of the transaction, the chief financial officer now directly owns 57,893 shares in the company, valued at approximately $818,028.09. This trade represents a 6.43 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Pete A. Smith acquired 3,000 shares of the stock in a transaction on Friday, November 8th. The stock was acquired at an average cost of $14.13 per share, for a total transaction 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 disclosure for this purchase can be found here. Insiders purchased a total of 7,400 shares of company stock valued at $106,110 over the last three months. 4.10% of the stock is currently owned by company insiders.

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.