Voya Investment Management LLC Increases Stake in Aviat Networks, Inc. (NASDAQ:AVNW)

Voya Investment Management LLC grew its stake in Aviat Networks, Inc. (NASDAQ:AVNW) by 22.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 18,817 shares of the communications equipment provider’s stock after purchasing an additional 3,473 shares during the period. Voya Investment Management LLC’s holdings in Aviat Networks were worth $341,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of AVNW. GAMMA Investing LLC purchased a new position in shares of Aviat Networks during the 4th quarter valued at approximately $34,000. AlphaQuest LLC purchased a new stake in Aviat Networks during the fourth quarter worth $133,000. Quantbot Technologies LP acquired a new stake in Aviat Networks during the fourth quarter valued at $156,000. Truvestments Capital LLC increased its holdings in Aviat Networks by 8.0% in the fourth quarter. Truvestments Capital LLC now owns 10,723 shares of the communications equipment provider’s stock valued at $194,000 after buying an additional 794 shares in the last quarter. Finally, Walleye Capital LLC acquired a new position in shares of Aviat Networks in the fourth quarter worth about $248,000. Hedge funds and other institutional investors own 78.62% of the company’s stock.

Aviat Networks Stock Down 1.3%

AVNW stock opened at $20.63 on Monday. Aviat Networks, Inc. has a 52 week low of $12.96 and a 52 week high of $31.98. The company has a quick ratio of 1.37, a current ratio of 1.68 and a debt-to-equity ratio of 0.29. The firm has a 50-day simple moving average of $18.53 and a 200-day simple moving average of $18.59. The stock has a market capitalization of $261.84 million, a P/E ratio of -103.14 and a beta of 1.67.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on AVNW. StockNews.com upgraded Aviat Networks from a “sell” rating to a “hold” rating in a research report on Wednesday, February 5th. Northland Securities reissued an “outperform” rating and issued a $30.00 price objective (up from $27.00) on shares of Aviat Networks in a report on Wednesday, February 5th. One analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, Aviat Networks presently has an average rating of “Moderate Buy” and an average target price of $37.60.

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.