31,719 Shares in Aviat Networks, Inc. $AVNW Acquired by Fisher Asset Management LLC

Fisher Asset Management LLC bought a new stake in shares of Aviat Networks, Inc. (NASDAQ:AVNW) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 31,719 shares of the communications equipment provider’s stock, valued at approximately $678,000. Fisher Asset Management LLC owned approximately 0.25% of Aviat Networks as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in AVNW. Quarry LP bought a new position in shares of Aviat Networks during the 3rd quarter worth $27,000. Raymond James Financial Inc. purchased a new stake in Aviat Networks in the second quarter worth about $28,000. Comerica Bank lifted its stake in Aviat Networks by 40.2% in the first quarter. Comerica Bank now owns 2,720 shares of the communications equipment provider’s stock worth $52,000 after acquiring an additional 780 shares during the period. BNP Paribas Financial Markets grew its holdings in Aviat Networks by 96.5% during the 3rd quarter. BNP Paribas Financial Markets now owns 2,281 shares of the communications equipment provider’s stock worth $52,000 after acquiring an additional 1,120 shares in the last quarter. Finally, State of Wyoming bought a new position in Aviat Networks during the 3rd quarter worth about $63,000. 78.62% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. Citizens Jmp reduced their price target on shares of Aviat Networks from $30.00 to $25.00 and set a “market outperform” rating for the company in a report on Wednesday, May 6th. Weiss Ratings downgraded shares of Aviat Networks from a “hold (c)” rating to a “sell (d)” rating in a research note on Wednesday, May 6th. Wall Street Zen lowered shares of Aviat Networks from a “buy” rating to a “hold” rating in a report on Sunday, April 26th. Roth Mkm lowered their target price on Aviat Networks from $41.00 to $38.00 and set a “buy” rating for the company in a report on Wednesday, February 4th. Finally, Lake Street Capital set a $31.00 target price on Aviat Networks and gave the company a “buy” rating in a research report on Tuesday, May 5th. Four investment analysts have rated the stock with a Buy rating, one has given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, Aviat Networks presently has an average rating of “Hold” and a consensus price target of $30.00.

Aviat Networks Stock Performance

Shares of Aviat Networks stock opened at $17.77 on Friday. The company has a market capitalization of $229.94 million, a PE ratio of 25.75 and a beta of 0.82. The company has a 50-day simple moving average of $20.26 and a two-hundred day simple moving average of $21.93. Aviat Networks, Inc. has a one year low of $13.92 and a one year high of $27.02. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.67 and a current ratio of 1.99.

Aviat Networks (NASDAQ:AVNW) last released its quarterly earnings results on Monday, May 4th. The communications equipment provider reported $0.06 earnings per share for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.36). The firm had revenue of $100.00 million during the quarter, compared to the consensus estimate of $106.39 million. Aviat Networks had a net margin of 2.08% and a return on equity of 6.89%. Research analysts expect that Aviat Networks, Inc. will post 1.19 EPS for the current fiscal year.

About Aviat Networks

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.