Northland Securities reaffirmed their outperform rating on shares of Aviat Networks (NASDAQ:AVNW – Free Report) in a research note issued to investors on Friday morning, Benzinga reports. Northland Securities currently has a $40.00 price objective on the communications equipment provider’s stock, down from their prior price objective of $50.00.
Several other equities analysts also recently weighed in on the stock. StockNews.com upgraded shares of Aviat Networks from a buy rating to a strong-buy rating in a research note on Wednesday. Lake Street Capital reaffirmed a buy rating and issued a $51.00 price objective on shares of Aviat Networks in a report on Friday, July 5th. Four equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of Buy and a consensus price target of $45.75.
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Aviat Networks Stock Up 1.7 %
Institutional Investors Weigh In On Aviat Networks
A number of institutional investors and hedge funds have recently modified their holdings of the company. nVerses Capital LLC purchased a new position in Aviat Networks during the second quarter valued at approximately $29,000. BNP Paribas Financial Markets boosted its holdings in Aviat Networks by 84.8% in the 1st quarter. BNP Paribas Financial Markets now owns 5,475 shares of the communications equipment provider’s stock valued at $210,000 after purchasing an additional 2,513 shares during the period. Covestor Ltd grew its position in shares of Aviat Networks by 309.8% during the 1st quarter. Covestor Ltd now owns 5,934 shares of the communications equipment provider’s stock valued at $228,000 after purchasing an additional 4,486 shares in the last quarter. Truvestments Capital LLC increased its holdings in shares of Aviat Networks by 26.2% in the first quarter. Truvestments Capital LLC now owns 10,654 shares of the communications equipment provider’s stock worth $408,000 after purchasing an additional 2,213 shares during the period. Finally, Dynamic Technology Lab Private Ltd purchased a new stake in shares of Aviat Networks in the fourth quarter worth $400,000. 78.62% of the stock is owned by hedge funds and other 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.
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