Perritt Capital Management Inc Has $628,000 Position in Aviat Networks, Inc. (NASDAQ:AVNW)

Perritt Capital Management Inc increased its holdings in shares of Aviat Networks, Inc. (NASDAQ:AVNW) by 65.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 34,650 shares of the communications equipment provider’s stock after purchasing an additional 13,700 shares during the period. Perritt Capital Management Inc’s holdings in Aviat Networks were worth $628,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the business. Tieton Capital Management LLC raised its holdings in Aviat Networks by 998.2% during the 4th quarter. Tieton Capital Management LLC now owns 650,270 shares of the communications equipment provider’s stock worth $11,776,000 after buying an additional 591,055 shares during the period. First Wilshire Securities Management Inc. bought a new stake in shares of Aviat Networks during the fourth quarter worth $7,483,000. First Eagle Investment Management LLC acquired a new stake in shares of Aviat Networks during the fourth quarter worth $3,669,000. Hodges Capital Management Inc. lifted its position in Aviat Networks by 27.3% in the 3rd quarter. Hodges Capital Management Inc. now owns 465,483 shares of the communications equipment provider’s stock valued at $10,068,000 after acquiring an additional 99,948 shares in the last quarter. Finally, Franklin Resources Inc. boosted its stake in Aviat Networks by 15.3% in the 3rd quarter. Franklin Resources Inc. now owns 170,652 shares of the communications equipment provider’s stock worth $3,853,000 after purchasing an additional 22,665 shares during the period. 78.62% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Aviat Networks Stock Down 0.6 %

AVNW stock opened at $19.05 on Wednesday. Aviat Networks, Inc. has a twelve month low of $12.96 and a twelve month high of $37.45. The company has a market cap of $241.63 million, a price-to-earnings ratio of -95.25 and a beta of 1.67. 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 business has a 50 day moving average price of $20.55 and a two-hundred day moving average price of $19.44.

Aviat Networks (NASDAQ:AVNW) last issued its earnings results on Tuesday, February 4th. The communications equipment provider reported $0.66 earnings per share for the quarter, topping 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%. Analysts anticipate that Aviat Networks, Inc. will post 0.5 EPS for the current fiscal year.

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.