BlackRock Discloses 9.0% Stake in Aviat Networks
Ticker: AVNW · Form: SC 13G · Filed: Jan 29, 2024 · CIK: 1377789
| Field | Detail |
|---|---|
| Company | Aviat Networks, Inc. (AVNW) |
| Form Type | SC 13G |
| Filed Date | Jan 29, 2024 |
| Risk Level | low |
| Sentiment | bullish |
Complexity: simple
Sentiment: bullish
Topics: institutional-ownership, passive-investment, SC-13G
TL;DR
**BlackRock just confirmed a 9.0% stake in Aviat Networks, signaling institutional confidence.**
AI Summary
BlackRock Inc., a major investment firm, reported on January 29, 2024, that it holds 1,009,837 shares of Aviat Networks, Inc. common stock as of December 31, 2023. This represents 9.0% of Aviat Networks' outstanding shares. This matters to investors because BlackRock is a significant institutional holder, and their continued ownership signals confidence in Aviat Networks, a company specializing in radio and TV broadcasting and communications equipment.
Why It Matters
BlackRock's substantial stake indicates institutional confidence in Aviat Networks, which can positively influence other investors and potentially stabilize the stock price.
Risk Assessment
Risk Level: low — This filing indicates a stable, significant institutional ownership, which generally reduces volatility and risk for the stock.
Analyst Insight
A smart investor would view BlackRock's significant, passive stake as a vote of confidence, potentially signaling stability and long-term value in Aviat Networks. This could encourage further research into the company's fundamentals.
Key Numbers
- 1,009,837 — Shares Owned (Total shares of Aviat Networks, Inc. common stock beneficially owned by BlackRock Inc.)
- 9.0% — Percentage of Class (The percentage of Aviat Networks, Inc. common stock owned by BlackRock Inc.)
Key Players & Entities
- BlackRock Inc. (company) — filer and institutional investor
- AVIAT NETWORKS, INC. (company) — subject company whose shares are being reported
- 1,009,837 (dollar_amount) — number of shares beneficially owned by BlackRock
- 9.0% (dollar_amount) — percentage of class owned by BlackRock
- December 31, 2023 (person) — date of event requiring the filing
- January 29, 2024 (person) — filing date of the SC 13G
Forward-Looking Statements
- BlackRock will maintain its significant stake in Aviat Networks for the foreseeable future. (BlackRock Inc.) — medium confidence, target: December 31, 2024
FAQ
What is the purpose of an SC 13G filing?
An SC 13G filing is used by institutional investors, like BlackRock Inc., to report beneficial ownership of 5% or more of a company's stock when they hold the shares passively, meaning they don't intend to influence or control the company.
Which company is the subject of this SC 13G filing?
The subject company of this SC 13G filing is AVIAT NETWORKS, INC., identified by CIK 0001377789 and CUSIP 05366Y201.
What percentage of Aviat Networks, Inc. common stock does BlackRock Inc. beneficially own as reported in this filing?
BlackRock Inc. beneficially owns 9.0% of the common stock of Aviat Networks, Inc. as stated in the filing.
What was the 'Date of Event Which Requires Filing of this Statement' for this SC 13G?
The 'Date of Event Which Requires Filing of this Statement' was December 31, 2023, as specified in the filing.
What is Aviat Networks, Inc.'s primary industry classification?
Aviat Networks, Inc. is classified under 'RADIO & TV BROADCASTING & COMMUNICATIONS EQUIPMENT [3663]' according to its Standard Industrial Classification (SIC).
Filing Details
This Form SC 13G (Form SC 13G) was filed with the SEC on January 29, 2024 by December 31, 2023 regarding AVIAT NETWORKS, INC. (AVNW).