Aviat Networks, Inc. (NASDAQ:AVNW) Shares Sold by White Pine Capital LLC

White Pine Capital LLC lessened its holdings in shares of Aviat Networks, Inc. (NASDAQ:AVNW) by 0.9% during the fourth quarter, HoldingsChannel reports. The firm owned 58,219 shares of the communications equipment provider’s stock after selling 551 shares during the quarter. White Pine Capital LLC’s holdings in Aviat Networks were worth $1,901,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in AVNW. Campbell & CO Investment Adviser LLC grew its stake in shares of Aviat Networks by 4.3% during the third quarter. Campbell & CO Investment Adviser LLC now owns 17,016 shares of the communications equipment provider’s stock valued at $531,000 after acquiring an additional 709 shares in the last quarter. LVZ Inc. boosted its stake in Aviat Networks by 11.2% in the fourth quarter. LVZ Inc. now owns 8,268 shares of the communications equipment provider’s stock valued at $270,000 after acquiring an additional 834 shares during the period. Watershed Asset Management L.L.C. boosted its stake in Aviat Networks by 9.9% in the fourth quarter. Watershed Asset Management L.L.C. now owns 9,346 shares of the communications equipment provider’s stock valued at $305,000 after acquiring an additional 841 shares during the period. Quantbot Technologies LP acquired a new position in Aviat Networks in the third quarter valued at approximately $31,000. Finally, SG Americas Securities LLC boosted its stake in Aviat Networks by 30.4% in the fourth quarter. SG Americas Securities LLC now owns 6,218 shares of the communications equipment provider’s stock valued at $203,000 after acquiring an additional 1,450 shares during the period. Hedge funds and other institutional investors own 78.62% of the company’s stock.

Aviat Networks Price Performance

NASDAQ:AVNW traded up $0.72 during midday trading on Friday, hitting $33.96. 57,916 shares of the stock were exchanged, compared to its average volume of 67,062. Aviat Networks, Inc. has a one year low of $21.15 and a one year high of $38.85. The company has a market capitalization of $426.20 million, a price-to-earnings ratio of 26.74 and a beta of 1.73. The business has a 50-day moving average price of $35.18 and a two-hundred day moving average price of $32.18. The company has a current ratio of 2.00, a quick ratio of 1.63 and a debt-to-equity ratio of 0.19.

Aviat Networks (NASDAQ:AVNW) last announced its earnings results on Tuesday, February 6th. The communications equipment provider reported $0.83 EPS for the quarter, topping the consensus estimate of $0.81 by $0.02. Aviat Networks had a return on equity of 15.11% and a net margin of 4.23%. The firm had revenue of $95.04 million for the quarter, compared to analysts’ expectations of $91.85 million. Sell-side analysts predict that Aviat Networks, Inc. will post 3.01 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts have commented on AVNW shares. StockNews.com upgraded Aviat Networks from a “sell” rating to a “hold” rating in a research note on Thursday, April 4th. JMP Securities reaffirmed a “market outperform” rating and set a $50.00 price target on shares of Aviat Networks in a report on Monday, February 5th. Finally, B. Riley cut their price target on Aviat Networks from $60.00 to $59.00 and set a “buy” rating on the stock in a report on Wednesday, February 7th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $54.75.

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.