Tectonic Advisors LLC Sells 1,949 Shares of Aviat Networks, Inc. (NASDAQ:AVNW)

Tectonic Advisors LLC decreased its holdings in shares of Aviat Networks, Inc. (NASDAQ:AVNW) by 3.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 57,672 shares of the communications equipment provider’s stock after selling 1,949 shares during the period. Tectonic Advisors LLC owned 0.45% of Aviat Networks worth $1,044,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. GAMMA Investing LLC bought a new position in shares of Aviat Networks during the 4th quarter worth approximately $34,000. NBC Securities Inc. bought a new position in Aviat Networks during the third quarter worth $62,000. Dynamic Technology Lab Private Ltd acquired a new stake in Aviat Networks in the third quarter worth $263,000. BNP Paribas Financial Markets increased its stake in 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. Finally, Barclays PLC raised its holdings in shares of Aviat Networks by 298.0% during the third quarter. Barclays PLC now owns 15,928 shares of the communications equipment provider’s stock valued at $344,000 after purchasing an additional 11,926 shares during the period. Institutional investors and hedge funds own 78.62% of the company’s stock.

Insider Activity at Aviat Networks

In other Aviat Networks news, CFO Michael Connaway purchased 3,500 shares of the firm’s stock in a transaction that occurred on Friday, November 8th. The stock was bought at an average cost of $14.13 per share, with a total value of $49,455.00. Following the completion of the transaction, the chief financial officer now owns 57,893 shares of the company’s stock, valued at $818,028.09. The trade was a 6.43 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Pete A. Smith purchased 3,000 shares of the company’s stock in a transaction that occurred on Friday, November 8th. The shares were acquired at an average price of $14.13 per share, for a total transaction of $42,390.00. Following the completion of the acquisition, the chief executive officer now directly owns 298,539 shares of the company’s stock, valued at $4,218,356.07. This trade represents a 1.02 % increase in their position. The disclosure for this purchase can be found here. Insiders have bought 7,400 shares of company stock valued at $106,110 over the last ninety days. Corporate insiders own 4.10% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on the company. Roth Mkm reduced their target price on Aviat Networks from $43.00 to $39.00 and set a “buy” rating for the company in a research note on Wednesday, November 6th. StockNews.com raised Aviat Networks from a “sell” rating to a “hold” rating in a research note on Wednesday. Northland Securities reaffirmed an “outperform” rating and set a $30.00 target price (up from $27.00) on shares of Aviat Networks in a research report on Wednesday. Finally, Lake Street Capital cut their target price on Aviat Networks from $45.00 to $27.00 and set a “buy” rating on the stock in a report on Wednesday, November 6th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $37.60.

Aviat Networks Stock Up 28.2 %

AVNW stock opened at $26.35 on Thursday. The firm has a market capitalization of $334.38 million, a PE ratio of -85.00 and a beta of 1.68. The company has a quick ratio of 1.40, a current ratio of 1.72 and a debt-to-equity ratio of 0.33. Aviat Networks, Inc. has a twelve month low of $12.95 and a twelve month high of $38.85. The stock’s 50 day moving average is $18.25 and its 200-day moving average is $21.27.

Aviat Networks (NASDAQ:AVNW) last issued its quarterly earnings data on Tuesday, February 4th. The communications equipment provider reported $0.66 earnings per share for the quarter, beating the consensus estimate of $0.09 by $0.57. Aviat Networks had a positive return on equity of 4.94% and a negative net margin of 0.98%. Sell-side analysts expect that Aviat Networks, Inc. will post 1.13 EPS for the current fiscal 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.