Teza Capital Management LLC Acquires Shares of 11,722 Viasat, Inc. (NASDAQ:VSAT)

Teza Capital Management LLC acquired a new stake in shares of Viasat, Inc. (NASDAQ:VSAT) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 11,722 shares of the communications equipment provider’s stock, valued at approximately $100,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. American Century Companies Inc. boosted its stake 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 worth $10,460,000 after buying an additional 256,389 shares during the period. Everett Harris & Co. CA bought a new stake in Viasat in the fourth quarter worth about $1,111,000. Principal Financial Group Inc. lifted its stake in Viasat by 3.2% in the fourth quarter. Principal Financial Group Inc. now owns 413,122 shares of the communications equipment provider’s stock worth $3,516,000 after purchasing an additional 12,802 shares during the last quarter. Vanguard Group Inc. lifted its stake 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 purchasing an additional 194,006 shares during the last quarter. Finally, Mariner LLC bought a new stake in Viasat in the fourth quarter worth about $682,000. 86.05% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. Barclays raised their price objective on shares of Viasat from $9.00 to $10.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 26th. William Blair reiterated a “market perform” rating on shares of Viasat in a research note on Tuesday, April 15th. Morgan Stanley dropped their target price on shares of Viasat from $26.00 to $12.00 and set an “equal weight” rating on the stock in a research note on Tuesday, February 4th. Deutsche Bank Aktiengesellschaft upgraded shares of Viasat from a “hold” rating to a “buy” rating and set a $15.00 target price on the stock in a research note on Monday, March 24th. Finally, Needham & Company LLC restated a “buy” rating and issued a $19.00 target price on shares of Viasat in a research note on Monday, February 10th. Six investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $14.57.

Viasat Stock Down 4.9%

NASDAQ:VSAT opened at $10.01 on Thursday. Viasat, Inc. has a fifty-two week low of $6.69 and a fifty-two week high of $26.70. The stock has a market capitalization of $1.29 billion, a P/E ratio of -2.98 and a beta of 1.01. The company has a debt-to-equity ratio of 1.35, a quick ratio of 1.60 and a current ratio of 1.80. The company’s 50-day simple moving average is $9.51 and its 200-day simple moving average is $9.30.

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.