Intellectus Partners LLC Lowers Stock Holdings in Viasat Inc. $VSAT

Intellectus Partners LLC cut its position in Viasat Inc. (NASDAQ:VSAT) by 60.2% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,900 shares of the communications equipment provider’s stock after selling 24,000 shares during the quarter. Intellectus Partners LLC’s holdings in Viasat were worth $466,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. GAMMA Investing LLC increased its holdings in shares of Viasat by 15.9% in the 3rd quarter. GAMMA Investing LLC now owns 2,387 shares of the communications equipment provider’s stock valued at $70,000 after acquiring an additional 327 shares during the last quarter. Victory Capital Management Inc. lifted its stake in Viasat by 1.9% during the third quarter. Victory Capital Management Inc. now owns 19,145 shares of the communications equipment provider’s stock worth $561,000 after purchasing an additional 361 shares during the last quarter. Arizona State Retirement System boosted its holdings in Viasat by 2.4% in the third quarter. Arizona State Retirement System now owns 30,838 shares of the communications equipment provider’s stock valued at $904,000 after purchasing an additional 710 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings in Viasat by 5.7% in 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 in the last quarter. Finally, Quent Capital LLC purchased a new position in Viasat in the third quarter valued at approximately $25,000. Hedge funds and other institutional investors own 86.05% of the company’s stock.

Insiders Place Their Bets

In other Viasat news, CEO Mark D. Dankberg sold 200,000 shares of Viasat stock in a transaction on Monday, December 15th. The shares were sold at an average price of $35.09, for a total value of $7,018,000.00. Following the transaction, the chief executive officer directly owned 1,534,993 shares in the company, valued at approximately $53,862,904.37. The trade was a 11.53% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Shawn Lynn Duffy sold 51,480 shares of the company’s stock in a transaction dated Friday, December 12th. The shares were 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 $219,043.98. The trade was a 89.53% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 354,290 shares of company stock valued at $13,059,722. Insiders own 2.20% of the company’s stock.

Viasat Price Performance

VSAT stock opened at $43.79 on Friday. The company has a current ratio of 2.13, a quick ratio of 1.90 and a debt-to-equity ratio of 1.35. The company has a market capitalization of $5.95 billion, a P/E ratio of -16.91 and a beta of 1.44. The business has a 50 day simple moving average of $43.41 and a 200-day simple moving average of $37.04. Viasat Inc. has a twelve month low of $7.36 and a twelve month high of $50.24.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. JPMorgan Chase & Co. upgraded shares of Viasat from a “neutral” rating to an “overweight” rating and boosted their price objective for the stock from $23.00 to $50.00 in a research report on Tuesday, November 11th. Deutsche Bank Aktiengesellschaft raised shares of Viasat from a “hold” rating to a “buy” rating and increased their target price for the company from $36.00 to $48.00 in a research report on Friday, February 6th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Viasat in a research note on Wednesday, January 21st. Raymond James Financial upgraded shares of Viasat from a “market perform” rating to an “outperform” rating and set a $52.00 price objective for the company in a research note on Monday, November 10th. Finally, William Blair reaffirmed an “outperform” rating on shares of Viasat in a report on Tuesday, January 13th. Six analysts have rated the stock with a Buy rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Viasat has an average rating of “Moderate Buy” and an average target price of $45.86.

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.