XTX Topco Ltd Buys Shares of 87,170 Viasat, Inc. (NASDAQ:VSAT)

XTX Topco Ltd bought a new position in Viasat, Inc. (NASDAQ:VSAT) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 87,170 shares of the communications equipment provider’s stock, valued at approximately $742,000. XTX Topco Ltd owned 0.07% of Viasat as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of VSAT. American Century Companies Inc. boosted its position in Viasat by 26.4% during the fourth quarter. American Century Companies Inc. now owns 1,229,116 shares of the communications equipment provider’s stock valued at $10,460,000 after purchasing an additional 256,389 shares during the last quarter. Everett Harris & Co. CA purchased a new stake in shares of Viasat during the 4th quarter worth about $1,111,000. Principal Financial Group Inc. lifted its holdings in shares of Viasat by 3.2% during the 4th quarter. Principal Financial Group Inc. now owns 413,122 shares of the communications equipment provider’s stock valued at $3,516,000 after buying an additional 12,802 shares during the last quarter. JPMorgan Chase & Co. grew its stake in shares of Viasat by 115.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 282,475 shares of the communications equipment provider’s stock valued at $3,373,000 after buying an additional 151,590 shares in the last quarter. Finally, Vanguard Group Inc. increased its holdings in Viasat by 1.4% in the fourth quarter. Vanguard Group Inc. now owns 13,773,860 shares of the communications equipment provider’s stock worth $117,216,000 after buying an additional 194,006 shares during the last quarter. Hedge funds and other institutional investors own 86.05% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on VSAT. StockNews.com raised shares of Viasat from a “sell” rating to a “hold” rating in a research report on Friday, March 7th. William Blair reiterated a “market perform” rating on shares of Viasat in a report on Tuesday. Cantor Fitzgerald started coverage on Viasat in a report on Friday, January 24th. They set a “neutral” rating and a $12.00 target price on the stock. Needham & Company LLC reiterated a “buy” rating and set a $19.00 price target on shares of Viasat in a research note on Monday, February 10th. Finally, Deutsche Bank Aktiengesellschaft raised Viasat from a “hold” rating to a “buy” rating and set a $15.00 price objective on the stock in a research note on Monday, March 24th. Six research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, Viasat has an average rating of “Hold” and an average target price of $14.57.

Insiders Place Their Bets

In other Viasat news, insider Cpp Investment Board Private H sold 3,750,000 shares of the firm’s stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $9.00, for a total value of $33,750,000.00. Following the completion of the sale, the insider now owns 4,795,334 shares in the company, valued at approximately $43,158,006. This trade represents a 43.88 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 3.20% of the company’s stock.

Viasat Price Performance

Shares of NASDAQ:VSAT opened at $8.49 on Friday. The company has a quick ratio of 1.60, a current ratio of 1.80 and a debt-to-equity ratio of 1.35. The business has a 50 day moving average price of $9.33 and a 200 day moving average price of $9.50. The company has a market cap of $1.10 billion, a price-to-earnings ratio of -2.53 and a beta of 1.06. Viasat, Inc. has a twelve month low of $6.69 and a twelve month high of $26.70.

Viasat (NASDAQ:VSAT) last posted its quarterly earnings data on Thursday, February 6th. The communications equipment provider reported ($1.23) earnings per share for the quarter, missing the consensus estimate of ($0.53) by ($0.70). Viasat had a negative net margin of 9.49% and a negative return on equity of 8.37%. Research analysts predict that Viasat, Inc. will post -0.54 earnings per share for the current year.

Viasat Profile

Viasat, Inc provides broadband and communications products and services worldwide. The company's Satellite Services segment offers satellite-based fixed broadband services, including broadband internet access and voice over internet protocol services to consumers and businesses; in-flight entertainment and aviation software services to commercial airlines and private business jets; satellite-based connectivity services; mobile broadband services, including satellite-based internet services to energy offshore vessels, cruise ships, consumer ferries, and yachts; and energy services, which include ultra-secure solutions IP connectivity, bandwidth-optimized over-the-top applications, industrial internet-of-things big data enablement, and industry-leading machine learning analytics.