Renaissance Technologies LLC Purchases 16,795 Shares of Aviat Networks (AVNW)

Renaissance Technologies LLC boosted its position in Aviat Networks (NASDAQ:AVNW) by 4.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 357,783 shares of the communications equipment provider’s stock after buying an additional 16,795 shares during the quarter. Renaissance Technologies LLC owned approximately 6.70% of Aviat Networks worth $5,428,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently added to or reduced their stakes in the business. Northern Trust Corp increased its position in Aviat Networks by 4.8% in the second quarter. Northern Trust Corp now owns 12,949 shares of the communications equipment provider’s stock worth $225,000 after buying an additional 588 shares during the last quarter. JPMorgan Chase & Co. increased its position in Aviat Networks by 73.5% in the third quarter. JPMorgan Chase & Co. now owns 8,985 shares of the communications equipment provider’s stock worth $152,000 after buying an additional 3,807 shares during the last quarter. Algert Global LLC increased its position in Aviat Networks by 12.8% in the fourth quarter. Algert Global LLC now owns 79,381 shares of the communications equipment provider’s stock worth $1,204,000 after buying an additional 8,993 shares during the last quarter. Finally, OxFORD Asset Management LLP purchased a new stake in Aviat Networks in the third quarter worth $340,000. 48.10% of the stock is owned by institutional investors and hedge funds.

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NASDAQ:AVNW opened at $17.32 on Monday. Aviat Networks has a 1 year low of $12.90 and a 1 year high of $24.14. The firm has a market capitalization of $92.50, a price-to-earnings ratio of 45.58 and a beta of 0.83.

Aviat Networks (NASDAQ:AVNW) last released its earnings results on Thursday, February 8th. The communications equipment provider reported $0.53 earnings per share (EPS) for the quarter. Aviat Networks had a return on equity of 3.93% and a net margin of 1.09%. The business had revenue of $61.72 million during the quarter.

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Aviat Networks Company Profile

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.

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Institutional Ownership by Quarter for Aviat Networks (NASDAQ:AVNW)

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