30,759 Shares in Viasat Inc. $VSAT Bought by Counterpoint Mutual Funds LLC

Counterpoint Mutual Funds LLC bought a new stake in Viasat Inc. (NASDAQ:VSAT) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 30,759 shares of the communications equipment provider’s stock, valued at approximately $901,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. GAMMA Investing LLC boosted its stake in shares of Viasat by 15.9% during the 3rd quarter. GAMMA Investing LLC now owns 2,387 shares of the communications equipment provider’s stock worth $70,000 after buying an additional 327 shares during the last quarter. Arizona State Retirement System raised its holdings in Viasat by 2.4% during the third quarter. Arizona State Retirement System now owns 30,838 shares of the communications equipment provider’s stock worth $904,000 after acquiring an additional 710 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its position in Viasat by 5.7% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 13,370 shares of the communications equipment provider’s stock valued at $418,000 after purchasing an additional 720 shares during the last quarter. Quent Capital LLC acquired a new position in Viasat during the third quarter valued at approximately $25,000. Finally, Salomon & Ludwin LLC bought a new position in Viasat in the third quarter valued at approximately $28,000. 86.05% of the stock is owned by institutional investors.

Analysts Set New Price Targets

VSAT has been the topic of a number of analyst reports. Needham & Company LLC reiterated a “buy” rating and set a $45.00 price objective on shares of Viasat in a research note on Wednesday, January 21st. JPMorgan Chase & Co. upgraded shares of Viasat from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $23.00 to $50.00 in a report on Tuesday, November 11th. Deutsche Bank Aktiengesellschaft raised shares of Viasat from a “hold” rating to a “buy” rating and upped their price target for the stock from $36.00 to $48.00 in a research report on Friday, February 6th. William Blair reissued an “outperform” rating on shares of Viasat in a research report on Tuesday, January 13th. Finally, Morgan Stanley set a $51.00 price objective on shares of Viasat in a research note on Friday, January 16th. Six research analysts have rated the stock with a Buy rating and two have assigned a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $45.86.

Insider Transactions at Viasat

In related news, CAO Shawn Lynn Duffy sold 51,480 shares of Viasat stock in a transaction that occurred on Friday, December 12th. The stock was sold at an average price of $36.38, for a total transaction of $1,872,842.40. Following the completion of the sale, the chief accounting officer directly owned 6,021 shares of the company’s stock, valued at approximately $219,043.98. This trade represents a 89.53% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CAO Camellia E. Fitzgerald sold 2,810 shares of the business’s stock in a transaction on Wednesday, January 28th. The shares were sold at an average price of $48.00, for a total value of $134,880.00. Following the completion of the sale, the chief accounting officer owned 9,946 shares of the company’s stock, valued at $477,408. This trade represents a 22.03% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 354,290 shares of company stock worth $13,059,722 over the last quarter. Company insiders own 2.20% of the company’s stock.

Viasat Stock Performance

NASDAQ VSAT opened at $45.23 on Tuesday. The stock has a market cap of $6.14 billion, a PE ratio of -17.46 and a beta of 1.46. The company has a debt-to-equity ratio of 1.35, a quick ratio of 1.90 and a current ratio of 2.13. The firm has a 50-day moving average of $41.27 and a 200-day moving average of $35.86. Viasat Inc. has a 52-week low of $7.36 and a 52-week high of $49.68.

About Viasat

Viasat, Inc (NASDAQ: VSAT) provides high‐capacity satellite broadband and wireless communications services to consumer, commercial and government customers worldwide. The company designs and operates satellite systems and network infrastructure to deliver secure, high-speed connectivity across remote and underserved regions, as well as managed networking solutions for enterprises and public sector agencies.

Viasat’s product offerings include residential and enterprise satellite internet services, in-flight connectivity for commercial airlines and business jets, and secure networking platforms tailored to defense and intelligence users.