Aviat Networks (NASDAQ:AVNW) Price Target Lowered to $42.00 at B. Riley

Aviat Networks (NASDAQ:AVNW) had its target price reduced by B. Riley from $55.00 to $42.00 in a research report released on Friday, Benzinga reports. They currently have a buy rating on the communications equipment provider’s stock.

Several other equities analysts have also commented on the company. Lake Street Capital reaffirmed a buy rating and set a $51.00 target price on shares of Aviat Networks in a report on Friday, July 5th. StockNews.com upgraded Aviat Networks from a buy rating to a strong-buy rating in a research note on Wednesday. Finally, Northland Securities reissued an outperform rating and set a $40.00 price target (down previously from $50.00) on shares of Aviat Networks in a report on Friday. Four analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of Buy and an average 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 quick ratio of 1.79 and a current ratio of 2.12. Aviat Networks has a one year low of $18.00 and a one year high of $38.85. The company has a 50-day simple moving average of $27.57 and a 200-day simple moving average of $30.83. The firm has a market capitalization of $268.03 million, a PE ratio of 18.89 and a beta of 1.81.

Institutional Investors Weigh In On Aviat Networks

A number of hedge funds and other institutional investors have recently modified their holdings of AVNW. Delphi Management Inc. MA boosted its stake in Aviat Networks by 10.9% during the 2nd quarter. Delphi Management Inc. MA now owns 23,788 shares of the communications equipment provider’s stock valued at $682,000 after purchasing an additional 2,337 shares in the last quarter. Select Equity Group L.P. lifted its holdings in shares of Aviat Networks by 8.7% in the second quarter. Select Equity Group L.P. now owns 380,184 shares of the communications equipment provider’s stock valued at $10,907,000 after buying an additional 30,582 shares during the period. AQR Capital Management LLC boosted its stake in Aviat Networks by 18.3% during the second quarter. AQR Capital Management LLC now owns 34,602 shares of the communications equipment provider’s stock valued at $993,000 after buying an additional 5,343 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in Aviat Networks by 1.9% during the second quarter. Dimensional Fund Advisors LP now owns 425,538 shares of the communications equipment provider’s stock worth $12,208,000 after acquiring an additional 7,968 shares during the period. Finally, Herald Investment Management Ltd raised its position in Aviat Networks by 3.3% in the second quarter. Herald Investment Management Ltd now owns 155,000 shares of the communications equipment provider’s stock worth $4,435,000 after acquiring an additional 5,000 shares in the last quarter. 78.62% of the stock is currently owned by institutional investors.

Aviat Networks Company 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.