American Century Companies Inc. Purchases 88,713 Shares of Aviat Networks, Inc. $AVNW

American Century Companies Inc. grew its holdings in Aviat Networks, Inc. (NASDAQ:AVNW) by 157.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 144,922 shares of the communications equipment provider’s stock after buying an additional 88,713 shares during the period. American Century Companies Inc.’s holdings in Aviat Networks were worth $3,485,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. US Bancorp DE bought a new stake in shares of Aviat Networks during the first quarter worth approximately $82,000. Connor Clark & Lunn Investment Management Ltd. raised its position in Aviat Networks by 148.0% during the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 116,485 shares of the communications equipment provider’s stock valued at $2,233,000 after purchasing an additional 69,521 shares in the last quarter. Invesco Ltd. lifted its position in shares of Aviat Networks by 23.0% during the 1st quarter. Invesco Ltd. now owns 24,106 shares of the communications equipment provider’s stock worth $462,000 after buying an additional 4,515 shares during the last quarter. Nuveen LLC bought a new position in shares of Aviat Networks in the first quarter worth about $3,366,000. Finally, Fuller & Thaler Asset Management Inc. acquired a new stake in Aviat Networks in the first quarter valued at approximately $425,000. Institutional investors own 78.62% of the company’s stock.

Insiders Place Their Bets

In other Aviat Networks news, CEO Pete A. Smith sold 5,350 shares of Aviat Networks stock in a transaction on Tuesday, November 11th. The shares were sold at an average price of $23.39, for a total value of $125,136.50. Following the completion of the sale, the chief executive officer directly owned 349,447 shares of the company’s stock, valued at approximately $8,173,565.33. The trade was a 1.51% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Bruce M. Taten sold 3,268 shares of the company’s stock in a transaction dated Tuesday, November 11th. The shares were sold at an average price of $23.39, for a total transaction of $76,438.52. Following the transaction, the director owned 20,391 shares in the company, valued at $476,945.49. This represents a 13.81% decrease in their position. The disclosure for this sale is available in the SEC filing. 5.30% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

AVNW has been the topic of a number of recent research reports. B. Riley reissued a “buy” rating and set a $35.00 price target (up from $33.00) on shares of Aviat Networks in a research note on Wednesday, November 5th. Lake Street Capital reaffirmed a “buy” rating and issued a $34.00 price objective on shares of Aviat Networks in a research note on Wednesday, November 5th. Wall Street Zen upgraded shares of Aviat Networks from a “hold” rating to a “buy” rating in a report on Saturday, September 13th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Aviat Networks in a research note on Monday, December 1st. Three investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $33.00.

Aviat Networks Trading Up 0.0%

NASDAQ AVNW opened at $21.03 on Tuesday. The stock has a market capitalization of $270.03 million, a P/E ratio of 20.42 and a beta of 0.92. The business has a 50 day simple moving average of $22.64 and a 200 day simple moving average of $22.75. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.84 and a quick ratio of 1.51. Aviat Networks, Inc. has a one year low of $15.80 and a one year high of $26.83.

Aviat Networks (NASDAQ:AVNW) last issued its quarterly earnings results on Thursday, December 7th. The communications equipment provider reported $0.75 earnings per share (EPS) for the quarter. The firm had revenue of $81.25 million for the quarter. Aviat Networks had a return on equity of 12.04% and a net margin of 2.95%. Research analysts expect that Aviat Networks, Inc. will post 0.5 earnings per share for the current year.

Aviat Networks 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.