Aviat Networks (NASDAQ:AVNW) was upgraded by ValuEngine from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Friday.
Shares of AVNW opened at $17.98 on Friday. The company has a market cap of $95.59 million, a P/E ratio of 26.97 and a beta of 0.97. Aviat Networks has a 12 month low of $12.90 and a 12 month high of $19.07.
In related news, VP Heinz Stumpe sold 7,544 shares of the stock in a transaction that occurred on Friday, August 31st. The stock was sold at an average price of $17.55, for a total transaction of $132,397.20. Following the completion of the sale, the vice president now directly owns 31,574 shares of the company’s stock, valued at $554,123.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 6.00% of the company’s stock.
An institutional investor recently bought a new position in Aviat Networks stock. Acadian Asset Management LLC bought a new position in Aviat Networks Inc (NASDAQ:AVNW) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 9,533 shares of the communications equipment provider’s stock, valued at approximately $156,000. Acadian Asset Management LLC owned about 0.18% of Aviat Networks at the end of the most recent reporting period. Hedge funds and other institutional investors own 48.05% of the company’s stock.
About Aviat Networks
Aviat Networks, Inc designs, manufactures, and sells a range of wireless networking products, solutions, and services worldwide. Its products include broadband wireless access base stations and customer premises equipment for fixed and mobile; and point-to-point digital microwave transmission systems designed for first/last mile access, middle mile/backhaul, and long distance trunking applications, as well as support new network deployments, network expansion, and capacity upgrades.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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