Landscape Capital Management L.L.C. Invests $1.09 Million in Aviat Networks, Inc. (NASDAQ:AVNW)

Landscape Capital Management L.L.C. acquired a new position in Aviat Networks, Inc. (NASDAQ:AVNW) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 60,064 shares of the communications equipment provider’s stock, valued at approximately $1,088,000. Landscape Capital Management L.L.C. owned 0.47% of Aviat Networks as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in AVNW. Barclays PLC grew its holdings in Aviat Networks by 298.0% during the 3rd quarter. Barclays PLC now owns 15,928 shares of the communications equipment provider’s stock valued at $344,000 after buying an additional 11,926 shares in the last quarter. State Street Corp grew its stake in shares of Aviat Networks by 1.6% in the 3rd quarter. State Street Corp now owns 237,689 shares of the communications equipment provider’s stock worth $5,141,000 after buying an additional 3,855 shares in the last quarter. GAMMA Investing LLC purchased a new position in Aviat Networks in the fourth quarter worth about $34,000. Jane Street Group LLC increased its stake in Aviat Networks by 59.1% during the third quarter. Jane Street Group LLC now owns 24,737 shares of the communications equipment provider’s stock worth $535,000 after acquiring an additional 9,186 shares during the last quarter. Finally, Hodges Capital Management Inc. raised its position in Aviat Networks by 20.9% during the fourth quarter. Hodges Capital Management Inc. now owns 562,710 shares of the communications equipment provider’s stock valued at $10,190,000 after purchasing an additional 97,227 shares during the period. Hedge funds and other institutional investors own 78.62% of the company’s stock.

Wall Street Analyst Weigh In

AVNW has been the subject of a number of recent research reports. StockNews.com upgraded Aviat Networks from a “sell” rating to a “hold” rating in a report on Wednesday, February 5th. Northland Securities reiterated an “outperform” rating and set a $30.00 price objective (up previously from $27.00) on shares of Aviat Networks in a research report on Wednesday, February 5th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, Aviat Networks has a consensus rating of “Moderate Buy” and a consensus target price of $37.60.

Aviat Networks Stock Performance

Shares of NASDAQ:AVNW opened at $16.87 on Friday. Aviat Networks, Inc. has a one year low of $12.96 and a one year high of $35.56. The firm has a market cap of $213.98 million, a PE ratio of -84.35 and a beta of 1.57. The firm’s 50 day simple moving average is $20.46 and its 200-day simple moving average is $19.37. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.37 and a current ratio of 1.68.

Aviat Networks (NASDAQ:AVNW) last posted its earnings results on Tuesday, February 4th. The communications equipment provider reported $0.66 EPS for the quarter, beating analysts’ consensus estimates of $0.09 by $0.57. Aviat Networks had a negative net margin of 0.56% and a positive return on equity of 4.33%. As a group, equities analysts predict that Aviat Networks, Inc. will post 0.5 EPS for the current year.

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.