Arizona State Retirement System raised its position in shares of ViaSat, Inc. (NASDAQ:VSAT) by 1.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,300 shares of the communications equipment provider’s stock after buying an additional 300 shares during the period. Arizona State Retirement System’s holdings in ViaSat were worth $1,476,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in VSAT. Independent Portfolio Consultants Inc. acquired a new stake in ViaSat during the first quarter worth about $163,000. Geode Capital Management LLC raised its stake in ViaSat by 10.9% in the first quarter. Geode Capital Management LLC now owns 437,084 shares of the communications equipment provider’s stock worth $27,894,000 after buying an additional 42,961 shares during the period. Legal & General Group Plc raised its stake in ViaSat by 26.6% in the first quarter. Legal & General Group Plc now owns 35,347 shares of the communications equipment provider’s stock worth $2,254,000 after buying an additional 7,428 shares during the period. UBS Asset Management Americas Inc. raised its stake in ViaSat by 25.8% in the first quarter. UBS Asset Management Americas Inc. now owns 28,696 shares of the communications equipment provider’s stock worth $1,831,000 after buying an additional 5,878 shares during the period. Finally, Oregon Public Employees Retirement Fund raised its stake in ViaSat by 1.7% in the first quarter. Oregon Public Employees Retirement Fund now owns 18,039 shares of the communications equipment provider’s stock worth $1,151,000 after buying an additional 300 shares during the period. 94.82% of the stock is currently owned by hedge funds and other institutional investors.

ViaSat, Inc. (VSAT) opened at 61.95 on Friday. The company has a market cap of $3.59 billion, a P/E ratio of 268.18 and a beta of 0.68. The firm has a 50-day moving average price of $63.79 and a 200 day moving average price of $65.31. ViaSat, Inc. has a 12 month low of $57.75 and a 12 month high of $82.19.

ViaSat (NASDAQ:VSAT) last posted its quarterly earnings results on Tuesday, August 8th. The communications equipment provider reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.07 by $0.03. The business had revenue of $380 million during the quarter, compared to the consensus estimate of $384.29 million. ViaSat had a return on equity of 1.21% and a net margin of 0.82%. The business’s revenue for the quarter was up 4.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.23 earnings per share. On average, equities analysts expect that ViaSat, Inc. will post $0.05 earnings per share for the current year.

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VSAT has been the topic of a number of research analyst reports. BidaskClub lowered ViaSat from a “sell” rating to a “strong sell” rating in a report on Wednesday, June 21st. Wunderlich raised ViaSat from a “sell” rating to a “hold” rating and set a $58.00 price objective on the stock in a report on Friday, June 2nd. Barclays PLC reissued an “equal weight” rating and set a $80.00 price objective (down previously from $82.00) on shares of ViaSat in a report on Monday, July 10th. Zacks Investment Research lowered ViaSat from a “hold” rating to a “sell” rating in a report on Friday, August 11th. Finally, Wells Fargo & Company set a $96.00 price objective on ViaSat and gave the stock a “buy” rating in a report on Wednesday, May 24th. Four analysts have rated the stock with a sell rating, five have given a hold rating and seven have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $76.45.

In other news, COO Richard A. Baldridge sold 35,000 shares of the company’s stock in a transaction dated Friday, August 11th. The shares were sold at an average price of $59.92, for a total transaction of $2,097,200.00. Following the completion of the transaction, the chief operating officer now directly owns 59,000 shares of the company’s stock, valued at $3,535,280. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Jeffrey M. Nash sold 5,000 shares of the company’s stock in a transaction dated Wednesday, June 7th. The shares were sold at an average price of $71.76, for a total transaction of $358,800.00. Following the transaction, the director now directly owns 5,000 shares of the company’s stock, valued at $358,800. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 65,650 shares of company stock valued at $4,133,479. Insiders own 7.70% of the company’s stock.

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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