Aviat Networks’ (AVNW) “Outperform” Rating Reaffirmed at Northland Securities

Northland Securities restated their outperform rating on shares of Aviat Networks (NASDAQ:AVNW) in a research note released on Friday, Benzinga reports. Northland Securities currently has a $40.00 target price on the communications equipment provider’s stock, down from their prior target price of $50.00.

Other equities research analysts have also issued reports about the company. Lake Street Capital reaffirmed a buy rating and set a $51.00 target price on shares of Aviat Networks in a research report on Friday, July 5th. StockNews.com raised Aviat Networks from a buy rating to a strong-buy rating in a research report on Wednesday, September 11th. Four investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of Buy and a consensus price target of $45.75.

Aviat Networks Price Performance

Shares of AVNW stock opened at $22.09 on Friday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.79 and a current ratio of 2.12. The stock has a 50 day moving average price of $27.46 and a 200 day moving average price of $30.68. The firm has a market capitalization of $277.56 million, a P/E ratio of 19.55 and a beta of 1.81. Aviat Networks has a 52-week low of $18.00 and a 52-week high of $38.85.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in AVNW. Hodges Capital Management Inc. raised its position in shares of Aviat Networks by 80.8% in the 2nd quarter. Hodges Capital Management Inc. now owns 365,535 shares of the communications equipment provider’s stock worth $10,487,000 after acquiring an additional 163,365 shares in the last quarter. Millrace Asset Group Inc. bought a new position in shares of Aviat Networks in the 4th quarter worth $1,617,000. Anchor Capital Advisors LLC bought a new position in shares of Aviat Networks in the 1st quarter worth $1,330,000. Select Equity Group L.P. raised its position in shares of Aviat Networks by 8.7% in the 2nd quarter. Select Equity Group L.P. now owns 380,184 shares of the communications equipment provider’s stock worth $10,907,000 after acquiring an additional 30,582 shares in the last quarter. Finally, Intrinsic Edge Capital Management LLC raised its position in shares of Aviat Networks by 80.9% in the 4th quarter. Intrinsic Edge Capital Management LLC now owns 67,100 shares of the communications equipment provider’s stock worth $2,191,000 after acquiring an additional 30,000 shares in the last quarter. 78.62% of the stock is owned by institutional investors.

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.