202,583 Shares in Aviat Networks, Inc. (NASDAQ:AVNW) Bought by First Eagle Investment Management LLC

First Eagle Investment Management LLC bought a new position in Aviat Networks, Inc. (NASDAQ:AVNW) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 202,583 shares of the communications equipment provider’s stock, valued at approximately $3,669,000. First Eagle Investment Management LLC owned 1.60% of Aviat Networks at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. GAMMA Investing LLC bought a new position in Aviat Networks in the 4th quarter worth $34,000. AlphaQuest LLC acquired a new stake in Aviat Networks in the 4th quarter worth $133,000. Truvestments Capital LLC grew its position 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 purchasing 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 $263,000. Finally, BNP Paribas Financial Markets grew its position 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 purchasing an additional 12,306 shares during the last quarter. Institutional investors own 78.62% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have issued reports on AVNW. Northland Securities restated an “outperform” rating and issued a $30.00 price target (up from $27.00) on shares of Aviat Networks in a research report on Wednesday, February 5th. StockNews.com upgraded shares of Aviat Networks from a “sell” rating to a “hold” rating in a research report on Wednesday, February 5th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $37.60.

Aviat Networks Price Performance

Shares of Aviat Networks stock opened at $19.07 on Friday. 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’s 50-day simple moving average is $20.42 and its 200-day simple moving average is $19.97. Aviat Networks, Inc. has a twelve month low of $12.96 and a twelve month high of $38.85. The firm has a market cap of $241.88 million, a P/E ratio of -95.35 and a beta of 1.67.

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, 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%. As a group, research analysts expect that Aviat Networks, Inc. will post 0.5 EPS for the current fiscal 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.