Leonteq Securities AG Invests $512,000 in Viasat Inc. $VSAT

Leonteq Securities AG bought a new position in Viasat Inc. (NASDAQ:VSAT) in the fourth quarter, HoldingsChannel.com reports. The fund bought 14,845 shares of the communications equipment provider’s stock, valued at approximately $512,000.

Other hedge funds have also modified their holdings of the company. Hantz Financial Services Inc. raised its holdings in shares of Viasat by 6,815.4% in the 3rd quarter. Hantz Financial Services Inc. now owns 899 shares of the communications equipment provider’s stock worth $26,000 after buying an additional 886 shares in the last quarter. Pilgrim Partners Asia Pte Ltd acquired a new position in shares of Viasat in the 4th quarter worth approximately $36,000. Activest Wealth Management acquired a new position in shares of Viasat in the 3rd quarter worth approximately $44,000. Danske Bank A S acquired a new stake in Viasat during the 4th quarter valued at $47,000. Finally, Larson Financial Group LLC increased its holdings in Viasat by 7,380.0% during the 3rd quarter. Larson Financial Group LLC now owns 2,244 shares of the communications equipment provider’s stock valued at $66,000 after purchasing an additional 2,214 shares in the last quarter. 86.05% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Viasat

In other Viasat news, SVP Craig Andrew Miller sold 5,260 shares of the stock in a transaction on Tuesday, March 17th. The stock was sold at an average price of $50.00, for a total value of $263,000.00. Following the transaction, the senior vice president directly owned 21,252 shares in the company, valued at approximately $1,062,600. This trade represents a 19.84% decrease in their position. The sale 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 stock in a transaction on Thursday, March 12th. The shares were sold at an average price of $46.21, for a total value of $110,904.00. Following the completion of the transaction, the senior vice president owned 25,431 shares in the company, valued at $1,175,166.51. The trade was a 8.62% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 38,071 shares of company stock worth $1,804,437. Insiders own 2.20% of the company’s stock.

Viasat Stock Up 5.4%

Shares of VSAT opened at $74.56 on Friday. The firm has a market capitalization of $10.13 billion, a price-to-earnings ratio of -28.79 and a beta of 1.66. 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 business’s fifty day moving average price is $58.79 and its two-hundred day moving average price is $46.52. Viasat Inc. has a 52 week low of $8.61 and a 52 week high of $77.76.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on VSAT shares. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Viasat in a report on Monday, April 20th. B. Riley Financial raised their price target on Viasat from $52.00 to $94.00 and gave the company a “buy” rating in a report on Tuesday, April 28th. Needham & Company LLC raised their price target on Viasat from $45.00 to $58.00 and gave the company a “buy” rating in a report on Friday, March 27th. New Street Research started coverage on Viasat in a report on Wednesday, May 13th. They set a “buy” rating and a $100.00 price target for the company. Finally, Deutsche Bank Aktiengesellschaft raised Viasat from a “hold” rating to a “buy” rating and raised their price target for the company from $36.00 to $48.00 in a report on Friday, February 6th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $65.50.

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.