Great Lakes Advisors LLC lessened its holdings in shares of Avnet (NYSE:AVT) by 0.8% during the 1st quarter, HoldingsChannel reports. The fund owned 111,583 shares of the technology company’s stock after selling 904 shares during the period. Great Lakes Advisors LLC’s holdings in Avnet were worth $4,839,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. Oppenheimer Asset Management Inc. raised its position in Avnet by 1.7% during the fourth quarter. Oppenheimer Asset Management Inc. now owns 21,695 shares of the technology company’s stock valued at $782,000 after acquiring an additional 367 shares in the last quarter. Investors Research Corp raised its position in Avnet by 2.1% during the fourth quarter. Investors Research Corp now owns 19,019 shares of the technology company’s stock valued at $687,000 after acquiring an additional 400 shares in the last quarter. Chase Investment Counsel Corp raised its position in Avnet by 5.5% during the first quarter. Chase Investment Counsel Corp now owns 12,930 shares of the technology company’s stock valued at $560,000 after acquiring an additional 670 shares in the last quarter. Honeywell International Inc. raised its position in Avnet by 0.4% during the fourth quarter. Honeywell International Inc. now owns 201,100 shares of the technology company’s stock valued at $7,260,000 after acquiring an additional 800 shares in the last quarter. Finally, Paragon Capital Management Ltd raised its position in Avnet by 12.1% during the fourth quarter. Paragon Capital Management Ltd now owns 7,423 shares of the technology company’s stock valued at $268,000 after acquiring an additional 802 shares in the last quarter. 96.44% of the stock is currently owned by hedge funds and other institutional investors.

In related news, insider Kenneth A. Jacobson sold 7,796 shares of the business’s stock in a transaction on Thursday, May 2nd. The shares were sold at an average price of $47.92, for a total transaction of $373,584.32. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director James A. Lawrence sold 20,620 shares of the business’s stock in a transaction on Thursday, May 9th. The stock was sold at an average price of $45.20, for a total transaction of $932,024.00. Following the transaction, the director now directly owns 500,000 shares in the company, valued at approximately $22,600,000. The disclosure for this sale can be found here. In the last three months, insiders sold 215,911 shares of company stock worth $10,207,871. Insiders own 1.65% of the company’s stock.

Several equities analysts recently weighed in on AVT shares. Zacks Investment Research raised shares of Avnet from a “hold” rating to a “buy” rating and set a $46.00 price objective on the stock in a research report on Wednesday, January 23rd. TheStreet raised shares of Avnet from a “c+” rating to a “b-” rating in a research report on Wednesday, April 10th. Finally, Citigroup set a $47.00 price target on shares of Avnet and gave the company a “hold” rating in a research report on Friday, April 26th. One analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company’s stock. Avnet has a consensus rating of “Hold” and a consensus price target of $49.00.

NYSE:AVT opened at $43.08 on Tuesday. Avnet has a 12 month low of $33.55 and a 12 month high of $49.40.

Avnet (NYSE:AVT) last released its quarterly earnings results on Thursday, April 25th. The technology company reported $1.09 EPS for the quarter, beating the Zacks’ consensus estimate of $1.08 by $0.01. The firm had revenue of $4.70 billion during the quarter, compared to the consensus estimate of $4.75 billion. During the same period in the prior year, the business earned $1.02 EPS. The company’s revenue for the quarter was down 2.0% compared to the same quarter last year.

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About Avnet

Avnet, Inc, together with its subsidiaries, distributes electronic components worldwide. The company operates through two segments, Electronic Components and Premier Farnell. The Electronic Components segment markets and sells semiconductors; electronic components, including interconnect, passive and electromechanical devices; and other integrated components from electronic component manufacturers.

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Institutional Ownership by Quarter for Avnet (NYSE:AVT)

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