Viasat Inc. $VSAT Shares Sold by Strs Ohio

Strs Ohio decreased its holdings in Viasat Inc. (NASDAQ:VSAT) by 35.8% in the fourth quarter, Holdings Channel reports. The firm owned 15,400 shares of the communications equipment provider’s stock after selling 8,600 shares during the period. Strs Ohio’s holdings in Viasat were worth $531,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Brightline Capital Management LLC raised its stake in Viasat by 1.8% in the 3rd quarter. Brightline Capital Management LLC now owns 2,036,000 shares of the communications equipment provider’s stock worth $59,655,000 after acquiring an additional 36,000 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S purchased a new position in Viasat in the 3rd quarter worth $4,230,000. Inspire Advisors LLC purchased a new position in Viasat in the 3rd quarter worth $4,498,000. Hudson Bay Capital Management LP purchased a new position in Viasat in the 3rd quarter worth $7,325,000. Finally, American Century Companies Inc. raised its stake in Viasat by 38.5% in the 3rd quarter. American Century Companies Inc. now owns 3,713,581 shares of the communications equipment provider’s stock worth $108,808,000 after acquiring an additional 1,033,194 shares during the last quarter. Hedge funds and other institutional investors own 86.05% of the company’s stock.

Analysts Set New Price Targets

VSAT has been the subject of a number of research analyst reports. Raymond James Financial set a $74.00 target price on Viasat and gave the stock an “outperform” rating in a research note on Friday, April 24th. B. Riley Financial lifted their price objective on shares of Viasat from $52.00 to $94.00 and gave the company a “buy” rating in a research note on Tuesday, April 28th. Barclays upgraded shares of Viasat from an “underweight” rating to an “equal weight” rating and lifted their price objective for the company from $23.00 to $49.00 in a research note on Wednesday, April 8th. Weiss Ratings restated a “sell (d-)” rating on shares of Viasat in a research note on Monday, April 20th. Finally, Morgan Stanley set a $51.00 target price on shares of Viasat in a report on Friday, January 16th. Six equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $60.57.

Insider Buying and Selling at Viasat

In other Viasat news, SVP Benjamin Edward Palmer sold 2,400 shares of Viasat stock in a transaction dated Thursday, March 12th. The stock was sold at an average price of $46.21, for a total transaction of $110,904.00. Following the completion of the transaction, the senior vice president owned 25,431 shares in the company, valued at approximately $1,175,166.51. This trade represents a 8.62% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP Robert James Blair sold 30,411 shares of Viasat stock in a transaction dated Monday, March 16th. The shares were sold at an average price of $47.04, for a total value of $1,430,533.44. Following the transaction, the senior vice president owned 38,108 shares of the company’s stock, valued at $1,792,600.32. The trade was a 44.38% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 38,071 shares of company stock worth $1,804,437. Insiders own 2.20% of the company’s stock.

Viasat Stock Performance

NASDAQ VSAT opened at $70.01 on Friday. The stock has a 50-day simple moving average of $53.13 and a two-hundred day simple moving average of $43.95. The firm has a market capitalization of $9.51 billion, a P/E ratio of -27.03 and a beta of 1.66. Viasat Inc. has a fifty-two week low of $8.61 and a fifty-two week high of $70.35. The company has a debt-to-equity ratio of 1.35, a quick ratio of 1.90 and a current ratio of 2.13.

Viasat Profile

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.