Aviat Networks, Inc. (NASDAQ:AVNW) Shares Purchased by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. boosted its holdings in Aviat Networks, Inc. (NASDAQ:AVNW) by 69.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 46,964 shares of the communications equipment provider’s stock after buying an additional 19,306 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned 0.37% of Aviat Networks worth $851,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. GAMMA Investing LLC acquired a new stake in Aviat Networks in the 4th quarter worth about $34,000. AlphaQuest LLC acquired a new stake in Aviat Networks in the 4th quarter worth about $133,000. Truvestments Capital LLC boosted its stake in Aviat Networks by 8.0% in the 4th quarter. Truvestments Capital LLC now owns 10,723 shares of the communications equipment provider’s stock worth $194,000 after buying an additional 794 shares during the last quarter. Dynamic Technology Lab Private Ltd acquired a new stake in Aviat Networks in the 3rd quarter worth about $263,000. Finally, BNP Paribas Financial Markets boosted its stake in Aviat Networks by 635.0% in the 3rd quarter. BNP Paribas Financial Markets now owns 14,244 shares of the communications equipment provider’s stock worth $308,000 after buying an additional 12,306 shares during the last quarter. 78.62% of the stock is owned by institutional investors and hedge funds.

Aviat Networks Trading Down 1.0 %

NASDAQ AVNW opened at $19.65 on Friday. Aviat Networks, Inc. has a one year low of $12.96 and a one year high of $38.85. The company’s 50 day moving average price is $20.49 and its 200 day moving average price is $19.75. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.37 and a current ratio of 1.68. The firm has a market capitalization of $249.24 million, a price-to-earnings ratio of -98.25 and a beta of 1.67.

Aviat Networks (NASDAQ:AVNW) last issued its quarterly earnings data on Tuesday, February 4th. The communications equipment provider reported $0.66 earnings per share (EPS) for the quarter, beating the consensus estimate 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%. On average, sell-side analysts predict that Aviat Networks, Inc. will post 0.5 EPS for the current year.

Analysts Set New Price Targets

A number of analysts have issued reports on AVNW shares. StockNews.com raised Aviat Networks from a “sell” rating to a “hold” rating in a research note on Wednesday, February 5th. Northland Securities restated an “outperform” rating and issued a $30.00 price target (up previously from $27.00) on shares of Aviat Networks in a 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 company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $37.60.

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.