Perritt Capital Management Inc Acquires 13,700 Shares of Aviat Networks, Inc. (NASDAQ:AVNW)

Perritt Capital Management Inc grew its holdings in Aviat Networks, Inc. (NASDAQ:AVNW) by 65.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 34,650 shares of the communications equipment provider’s stock after purchasing an additional 13,700 shares during the quarter. Perritt Capital Management Inc owned about 0.27% of Aviat Networks worth $628,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in AVNW. GAMMA Investing LLC acquired a new position in Aviat Networks during the 4th quarter worth about $34,000. AlphaQuest LLC acquired a new position in shares of Aviat Networks during the fourth quarter worth approximately $133,000. Quantbot Technologies LP acquired a new position in shares of Aviat Networks during the fourth quarter worth approximately $156,000. Truvestments Capital LLC grew its stake in shares of Aviat Networks by 8.0% during the fourth quarter. Truvestments Capital LLC now owns 10,723 shares of the communications equipment provider’s stock valued at $194,000 after purchasing an additional 794 shares during the last quarter. Finally, BNP Paribas Financial Markets increased its holdings in shares of Aviat Networks by 635.0% in the third quarter. BNP Paribas Financial Markets now owns 14,244 shares of the communications equipment provider’s stock valued at $308,000 after purchasing an additional 12,306 shares in the last quarter. Institutional investors own 78.62% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. Northland Securities reissued an “outperform” rating and issued a $30.00 target price (up from $27.00) on shares of Aviat Networks in a research note on Wednesday, February 5th. StockNews.com upgraded Aviat Networks from a “sell” rating to a “hold” rating in a research report on Wednesday, February 5th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $37.60.

Aviat Networks Trading Down 0.6 %

NASDAQ AVNW opened at $19.05 on Wednesday. Aviat Networks, Inc. has a 12 month low of $12.96 and a 12 month high of $37.45. The stock has a 50-day simple moving average of $20.55 and a 200 day simple moving average of $19.44. The company has a current ratio of 1.68, a quick ratio of 1.37 and a debt-to-equity ratio of 0.29. The company has a market capitalization of $241.63 million, a PE ratio of -95.25 and a beta of 1.67.

Aviat Networks (NASDAQ:AVNW) last posted its earnings results on Tuesday, February 4th. The communications equipment provider reported $0.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.09 by $0.57. Aviat Networks had a positive return on equity of 4.33% and a negative net margin of 0.56%. Research analysts forecast that Aviat Networks, Inc. will post 0.5 EPS for the current year.

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.