52,637 Shares in Viasat Inc. $VSAT Purchased by Jupiter Topco LLC

Jupiter Topco LLC purchased a new position in shares of Viasat Inc. (NASDAQ:VSAT) in the second quarter, HoldingsChannel reports. The institutional investor purchased 52,637 shares of the communications equipment provider’s stock, valued at approximately $4,729,000.

A number of other institutional investors also recently added to or reduced their stakes in VSAT. BlackRock Inc. bought a new stake in Viasat in the second quarter valued at $1,863,374,000. Price T Rowe Associates Inc. MD lifted its holdings in shares of Viasat by 2,821.7% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 3,222,981 shares of the communications equipment provider’s stock valued at $111,065,000 after acquiring an additional 3,112,670 shares during the period. Millennium Management LLC boosted its stake in shares of Viasat by 673.7% in the 1st quarter. Millennium Management LLC now owns 1,386,089 shares of the communications equipment provider’s stock valued at $14,443,000 after purchasing an additional 1,206,935 shares in the last quarter. Goldman Sachs Group Inc. boosted its stake in shares of Viasat by 64.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 2,866,242 shares of the communications equipment provider’s stock valued at $29,866,000 after purchasing an additional 1,128,338 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in shares of Viasat by 43.5% in the 3rd quarter. Dimensional Fund Advisors LP now owns 3,307,187 shares of the communications equipment provider’s stock worth $96,890,000 after purchasing an additional 1,002,737 shares during the last quarter. 86.05% of the stock is owned by institutional investors and hedge funds.

Viasat Price Performance

Shares of VSAT stock opened at $67.27 on Tuesday. Viasat Inc. has a 1 year low of $26.10 and a 1 year high of $93.03. The company has a current ratio of 1.68, a quick ratio of 1.52 and a debt-to-equity ratio of 1.23. The firm’s 50 day moving average is $75.38 and its 200-day moving average is $64.56. The firm has a market capitalization of $9.27 billion, a price-to-earnings ratio of -280.29 and a beta of 1.72.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on VSAT shares. Needham & Company LLC increased their target price on shares of Viasat from $90.00 to $105.00 and gave the stock a “buy” rating in a research report on Wednesday, August 5th. Wall Street Zen cut shares of Viasat from a “hold” rating to a “sell” rating in a research note on Saturday, August 8th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Viasat in a report on Friday, July 17th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $97.00 target price on shares of Viasat in a research note on Monday, June 1st. Finally, B. Riley Financial boosted their target price on Viasat from $94.00 to $106.00 and gave the stock a “buy” rating in a report on Friday, May 29th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $90.67.

Insider Transactions at Viasat

In other news, Director Theresa Wise sold 2,500 shares of Viasat stock in a transaction on Monday, June 8th. The stock was sold at an average price of $69.00, for a total value of $172,500.00. Following the completion of the sale, the director directly owned 11,000 shares of the company’s stock, valued at approximately $759,000. This trade represents a 18.52% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Benjamin Edward Palmer sold 2,400 shares of the business’s stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $75.46, for a total value of $181,104.00. Following the sale, the senior vice president owned 21,159 shares of the company’s stock, valued at approximately $1,596,658.14. The trade was a 10.19% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 675,861 shares of company stock worth $47,705,388 over the last ninety days. 1.40% of the stock is currently owned by insiders.

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.