Dimensional Fund Advisors LP lowered its position in Aviat Networks Inc (NASDAQ:AVNW) by 8.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 156,329 shares of the communications equipment provider’s stock after selling 15,181 shares during the quarter. Dimensional Fund Advisors LP owned about 2.94% of Aviat Networks worth $2,667,000 at the end of the most recent quarter.
Several other institutional investors have also recently added to or reduced their stakes in the company. Schneider Capital Management Corp raised its stake in Aviat Networks by 11.5% in the second quarter. Schneider Capital Management Corp now owns 518,792 shares of the communications equipment provider’s stock worth $9,027,000 after buying an additional 53,482 shares in the last quarter. Dynamic Technology Lab Private Ltd bought a new position in shares of Aviat Networks during the second quarter valued at approximately $306,000. JPMorgan Chase & Co. increased its stake in shares of Aviat Networks by 73.5% during the third quarter. JPMorgan Chase & Co. now owns 8,985 shares of the communications equipment provider’s stock valued at $152,000 after purchasing an additional 3,807 shares in the last quarter. Finally, Northern Trust Corp increased its stake in shares of Aviat Networks by 4.8% during the second quarter. Northern Trust Corp now owns 12,949 shares of the communications equipment provider’s stock valued at $225,000 after purchasing an additional 588 shares in the last quarter. 51.38% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Aviat Networks Inc (NASDAQ AVNW) traded up $0.45 during midday trading on Wednesday, hitting $16.16. 70,200 shares of the company’s stock were exchanged, compared to its average volume of 21,345. Aviat Networks Inc has a fifty-two week low of $12.90 and a fifty-two week high of $24.14. The company has a market capitalization of $83.90, a P/E ratio of 41.34 and a beta of 0.89.
Aviat Networks (NASDAQ:AVNW) last posted its quarterly earnings results on Monday, November 13th. The communications equipment provider reported ($0.12) EPS for the quarter. Aviat Networks had a net margin of 1.09% and a return on equity of 3.93%. The firm had revenue of $56.18 million for the quarter.
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About Aviat Networks
Aviat Networks, Inc, together with its subsidiaries, is a supplier of microwave networking solutions. The Company’s product categories include point-to-point microwave and millimeter wave radios that are licensed (subject to local frequency regulatory requirements), lightly-licensed and license-exempt (operating in license-exempt frequencies), and element and network management software.
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