Ameriprise Financial Inc. increased its position in ViaSat, Inc. (NASDAQ:VSAT) by 2.9% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 159,259 shares of the communications equipment provider’s stock after buying an additional 4,524 shares during the quarter. Ameriprise Financial Inc. owned 0.27% of ViaSat worth $10,243,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. increased its position in ViaSat by 9.0% during the 2nd quarter. PNC Financial Services Group Inc. now owns 1,582 shares of the communications equipment provider’s stock valued at $105,000 after purchasing an additional 131 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its position in ViaSat by 13.4% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,822 shares of the communications equipment provider’s stock valued at $121,000 after purchasing an additional 216 shares during the period. Virtu KCG Holdings LLC acquired a new stake in ViaSat during the 2nd quarter valued at approximately $203,000. Shelton Capital Management acquired a new stake in ViaSat during the 2nd quarter valued at approximately $206,000. Finally, Balter Liquid Alternatives LLC acquired a new stake in ViaSat during the 2nd quarter valued at approximately $208,000. 99.42% of the stock is owned by institutional investors.

A number of analysts have weighed in on VSAT shares. Zacks Investment Research raised shares of ViaSat from a “hold” rating to a “strong-buy” rating and set a $75.00 target price for the company in a research report on Monday, November 13th. Jefferies Group set a $67.00 target price on shares of ViaSat and gave the company a “hold” rating in a research report on Sunday, September 10th. Royal Bank of Canada decreased their target price on shares of ViaSat from $50.00 to $48.00 and set an “underperform” rating for the company in a research report on Thursday, October 5th. Needham & Company LLC raised shares of ViaSat from a “hold” rating to a “buy” rating and set a $78.00 target price for the company in a research report on Friday, November 10th. Finally, Morgan Stanley started coverage on shares of ViaSat in a research report on Friday, December 15th. They set an “equal weight” rating and a $78.00 target price for the company. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and seven have assigned a buy rating to the stock. ViaSat currently has a consensus rating of “Hold” and an average target price of $73.75.

In other ViaSat news, CEO Mark D. Dankberg sold 28,500 shares of the stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $66.00, for a total transaction of $1,881,000.00. Following the transaction, the chief executive officer now directly owns 28,500 shares in the company, valued at approximately $1,881,000. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director John P. Stenbit sold 700 shares of the stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $74.10, for a total value of $51,870.00. Following the transaction, the director now owns 10,300 shares in the company, valued at $763,230. The disclosure for this sale can be found here. Insiders have sold a total of 79,300 shares of company stock worth $5,306,803 over the last 90 days. Company insiders own 7.70% of the company’s stock.

ViaSat, Inc. (NASDAQ:VSAT) opened at $72.27 on Thursday. The stock has a market capitalization of $4,292.66, a P/E ratio of 1,474.20 and a beta of 0.78. ViaSat, Inc. has a twelve month low of $57.75 and a twelve month high of $74.99. The company has a current ratio of 2.26, a quick ratio of 1.71 and a debt-to-equity ratio of 0.37.

ViaSat (NASDAQ:VSAT) last posted its quarterly earnings results on Wednesday, November 8th. The communications equipment provider reported $0.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.02 by $0.07. The firm had revenue of $393.10 million for the quarter, compared to analysts’ expectations of $401.83 million. ViaSat had a positive return on equity of 0.13% and a negative net margin of 0.75%. The company’s revenue for the quarter was down 1.5% compared to the same quarter last year. During the same period in the prior year, the business earned $0.40 EPS. sell-side analysts anticipate that ViaSat, Inc. will post -0.98 earnings per share for the current fiscal year.

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About ViaSat

ViaSat, Inc is engaged in broadband technologies and services. The Company operates through three segments: satellite services, commercial networks and government systems. The satellite services segment provides satellite-based broadband services to consumers, enterprises, commercial airlines and mobile broadband customers primarily in the United States.

Institutional Ownership by Quarter for ViaSat (NASDAQ:VSAT)

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