Short Interest in Aviat Networks, Inc. (NASDAQ:AVNW) Decreases By 8.0%

Aviat Networks, Inc. (NASDAQ:AVNW) saw a significant decrease in short interest during the month of September. As of September 30th, there was short interest totalling 413,100 shares, a decrease of 8.0% from the September 15th total of 448,800 shares. Based on an average trading volume of 124,700 shares, the short-interest ratio is presently 3.3 days.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on AVNW shares. StockNews.com cut shares of Aviat Networks from a “buy” rating to a “hold” rating in a research report on Tuesday. B. Riley decreased their price target on shares of Aviat Networks from $55.00 to $42.00 and set a “buy” rating for the company in a report on Friday, September 13th. Lake Street Capital decreased their price target on shares of Aviat Networks from $51.00 to $45.00 and set a “buy” rating for the company in a report on Tuesday, October 8th. Northland Securities decreased their price target on shares of Aviat Networks from $40.00 to $35.00 and set an “outperform” rating for the company in a report on Tuesday, October 8th. Finally, JMP Securities reissued a “market outperform” rating and set a $50.00 target price on shares of Aviat Networks in a report on Tuesday, October 8th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, Aviat Networks has an average rating of “Moderate Buy” and a consensus target price of $43.00.

Aviat Networks Price Performance

Aviat Networks stock opened at $23.23 on Thursday. 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 company has a market capitalization of $291.88 million, a price-to-earnings ratio of 20.56 and a beta of 1.80. The company’s 50 day simple moving average is $24.36 and its 200-day simple moving average is $28.54. Aviat Networks has a 1 year low of $18.00 and a 1 year high of $38.85.

Hedge Funds Weigh In On Aviat Networks

Several large investors have recently bought and sold shares of AVNW. Private Advisor Group LLC raised its stake in Aviat Networks by 45.4% in the first quarter. Private Advisor Group LLC now owns 12,832 shares of the communications equipment provider’s stock valued at $492,000 after buying an additional 4,009 shares in the last quarter. BNP Paribas Financial Markets raised its stake in Aviat Networks by 84.8% in the first quarter. BNP Paribas Financial Markets now owns 5,475 shares of the communications equipment provider’s stock valued at $210,000 after buying an additional 2,513 shares in the last quarter. Tectonic Advisors LLC raised its stake in Aviat Networks by 6.7% in the first quarter. Tectonic Advisors LLC now owns 35,368 shares of the communications equipment provider’s stock valued at $1,356,000 after buying an additional 2,221 shares in the last quarter. Anchor Capital Advisors LLC acquired a new stake in Aviat Networks in the first quarter valued at $1,330,000. Finally, Vanguard Group Inc. raised its stake in Aviat Networks by 2.2% in the first quarter. Vanguard Group Inc. now owns 552,071 shares of the communications equipment provider’s stock valued at $21,166,000 after buying an additional 11,662 shares in the last quarter. Hedge funds and other institutional investors own 78.62% of the company’s stock.

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.