Watershed Asset Management L.L.C. Has $305,000 Stock Holdings in Aviat Networks, Inc. (NASDAQ:AVNW)

Watershed Asset Management L.L.C. grew its holdings in shares of Aviat Networks, Inc. (NASDAQ:AVNW) by 9.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,346 shares of the communications equipment provider’s stock after buying an additional 841 shares during the quarter. Watershed Asset Management L.L.C. owned 0.08% of Aviat Networks worth $305,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Quantbot Technologies LP bought a new stake in Aviat Networks during the third quarter worth $31,000. SG Americas Securities LLC bought a new stake in shares of Aviat Networks in the 3rd quarter worth $149,000. AlphaQ Advisors LLC bought a new stake in shares of Aviat Networks in the 4th quarter worth $265,000. LVZ Inc. raised its holdings in shares of Aviat Networks by 11.2% in the fourth quarter. LVZ Inc. now owns 8,268 shares of the communications equipment provider’s stock valued at $270,000 after purchasing an additional 834 shares during the last quarter. Finally, Campbell & CO Investment Adviser LLC lifted its position in shares of Aviat Networks by 4.3% during the third quarter. Campbell & CO Investment Adviser LLC now owns 17,016 shares of the communications equipment provider’s stock valued at $531,000 after purchasing an additional 709 shares in the last quarter. 78.62% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. B. Riley reduced their price objective on shares of Aviat Networks from $60.00 to $59.00 and set a “buy” rating for the company in a research report on Wednesday, February 7th. JMP Securities reiterated a “market outperform” rating and set a $50.00 price target on shares of Aviat Networks in a report on Monday, February 5th. Finally, StockNews.com upgraded Aviat Networks from a “sell” rating to a “hold” rating in a research note on Thursday, April 4th. One analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $54.75.

Aviat Networks Stock Performance

Shares of AVNW stock traded up $0.32 during trading hours on Tuesday, hitting $33.18. 58,249 shares of the company were exchanged, compared to its average volume of 107,237. The company has a current ratio of 2.00, a quick ratio of 1.63 and a debt-to-equity ratio of 0.19. The stock has a market capitalization of $416.41 million, a price-to-earnings ratio of 26.13 and a beta of 1.73. The firm has a fifty day simple moving average of $35.27 and a 200 day simple moving average of $32.13. Aviat Networks, Inc. has a 52-week low of $21.15 and a 52-week high of $38.85.

Aviat Networks (NASDAQ:AVNW) last announced its quarterly earnings data on Tuesday, February 6th. The communications equipment provider reported $0.83 earnings per share for the quarter, beating the consensus estimate of $0.81 by $0.02. The business had revenue of $95.04 million during the quarter, compared to analyst estimates of $91.85 million. Aviat Networks had a return on equity of 15.11% and a net margin of 4.23%. Research analysts predict that Aviat Networks, Inc. will post 3.01 earnings per share for the current fiscal year.

Aviat Networks Company 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.