Viasat Inc. $VSAT Shares Sold by Neuberger Berman Group LLC

Neuberger Berman Group LLC lowered its position in Viasat Inc. (NASDAQ:VSAT) by 0.5% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 5,516,414 shares of the communications equipment provider’s stock after selling 25,222 shares during the period. Neuberger Berman Group LLC owned approximately 4.11% of Viasat worth $161,411,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of VSAT. Quent Capital LLC purchased a new stake in shares of Viasat in the 3rd quarter valued at $25,000. Hantz Financial Services Inc. raised its holdings in shares of Viasat by 6,815.4% during the third quarter. Hantz Financial Services Inc. now owns 899 shares of the communications equipment provider’s stock worth $26,000 after purchasing an additional 886 shares during the last quarter. Salomon & Ludwin LLC purchased a new position in shares of Viasat during the third quarter worth $28,000. Activest Wealth Management acquired a new position in Viasat during the third quarter valued at $44,000. Finally, Delos Wealth Advisors LLC purchased a new stake in Viasat in the second quarter valued at $45,000. 86.05% of the stock is owned by hedge funds and other institutional investors.

Viasat Trading Down 3.8%

Shares of Viasat stock opened at $43.79 on Friday. The firm has a 50-day simple moving average of $43.41 and a two-hundred day simple moving average of $36.97. 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 Inc. has a fifty-two week low of $7.36 and a fifty-two week high of $50.24. The company has a market cap of $5.95 billion, a P/E ratio of -16.91 and a beta of 1.44.

Wall Street Analysts Forecast Growth

VSAT has been the subject of a number of recent research reports. JPMorgan Chase & Co. upgraded Viasat from a “neutral” rating to an “overweight” rating and lifted their price objective for the company from $23.00 to $50.00 in a research note on Tuesday, November 11th. Morgan Stanley set a $51.00 target price on Viasat in a research note on Friday, January 16th. Raymond James Financial raised Viasat from a “market perform” rating to an “outperform” rating and set a $52.00 target price on the stock in a report on Monday, November 10th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Viasat in a research report on Wednesday, January 21st. Finally, Deutsche Bank Aktiengesellschaft raised Viasat from a “hold” rating to a “buy” rating and boosted their price target for the company from $36.00 to $48.00 in a report on Friday, February 6th. Six research analysts have rated the stock with a Buy rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, Viasat has an average rating of “Moderate Buy” and a consensus price target of $45.86.

Insider Buying and Selling at Viasat

In other news, CAO Camellia E. Fitzgerald sold 2,810 shares of the company’s stock in a transaction that occurred on Wednesday, January 28th. The stock was sold at an average price of $48.00, for a total transaction of $134,880.00. Following the completion of the transaction, the chief accounting officer directly owned 9,946 shares of the company’s stock, valued at $477,408. This represents a 22.03% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Mark D. Dankberg sold 100,000 shares of the stock in a transaction that occurred on Tuesday, January 6th. The shares were sold at an average price of $40.34, for a total value of $4,034,000.00. Following the transaction, the chief executive officer owned 1,434,993 shares in the company, valued at $57,887,617.62. This trade represents a 6.51% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 354,290 shares of company stock valued at $13,059,722. Company insiders own 2.20% of the company’s stock.

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.