Aviat Networks’ (AVNW) Outperform Rating Reaffirmed at Northland Securities

Northland Securities reissued their outperform rating on shares of Aviat Networks (NASDAQ:AVNW) in a research report released on Friday morning, Benzinga reports. Northland Securities currently has a $40.00 target price on the communications equipment provider’s stock, down from their prior target price of $50.00.

Other analysts also recently issued reports about the company. StockNews.com raised Aviat Networks from a buy rating to a strong-buy rating in a research note on Wednesday. Lake Street Capital reissued a buy rating and issued a $51.00 price target on shares of Aviat Networks in a research report on Friday, July 5th. Four research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Aviat Networks has an average rating of Buy and a consensus price target of $45.75.

Aviat Networks Trading Up 1.7 %

NASDAQ:AVNW opened at $21.34 on Friday. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.12 and a quick ratio of 1.79. Aviat Networks has a one year low of $18.00 and a one year high of $38.85. The company has a market cap of $268.03 million, a PE ratio of 18.89 and a beta of 1.81. The firm has a 50-day moving average of $27.57 and a 200-day moving average of $30.83.

Hedge Funds Weigh In On Aviat Networks

Several institutional investors have recently modified their holdings of the business. Vanguard Group Inc. boosted its position in Aviat Networks by 2.2% in the first quarter. Vanguard Group Inc. now owns 552,071 shares of the communications equipment provider’s stock worth $21,166,000 after purchasing an additional 11,662 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Aviat Networks by 1.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 425,538 shares of the communications equipment provider’s stock worth $12,208,000 after purchasing an additional 7,968 shares during the period. Select Equity Group L.P. boosted its holdings in shares of Aviat Networks by 8.7% in the 2nd quarter. Select Equity Group L.P. now owns 380,184 shares of the communications equipment provider’s stock worth $10,907,000 after buying an additional 30,582 shares during the last quarter. Hodges Capital Management Inc. grew its position in Aviat Networks by 80.8% during the second quarter. Hodges Capital Management Inc. now owns 365,535 shares of the communications equipment provider’s stock valued at $10,487,000 after buying an additional 163,365 shares during the period. Finally, Herald Investment Management Ltd increased its holdings in Aviat Networks by 3.3% during the second quarter. Herald Investment Management Ltd now owns 155,000 shares of the communications equipment provider’s stock worth $4,435,000 after buying an additional 5,000 shares during the last quarter. 78.62% of the stock is owned by institutional investors.

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.