Viasat Inc. $VSAT Shares Sold by Intellectus Partners LLC

Intellectus Partners LLC lessened its position in Viasat Inc. (NASDAQ:VSAT) by 60.2% in the 3rd quarter, Holdings Channel reports. The fund owned 15,900 shares of the communications equipment provider’s stock after selling 24,000 shares during the period. Intellectus Partners LLC’s holdings in Viasat were worth $466,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Quent Capital LLC acquired a new position in shares of Viasat during the third quarter worth about $25,000. Hantz Financial Services Inc. raised its holdings in 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 in the last quarter. Salomon & Ludwin LLC acquired a new stake in Viasat in the third quarter valued at about $28,000. Activest Wealth Management purchased a new stake in Viasat in the 3rd quarter valued at approximately $44,000. Finally, Delos Wealth Advisors LLC purchased a new stake in Viasat in the 2nd quarter valued at approximately $45,000. Hedge funds and other institutional investors own 86.05% of the company’s stock.

Insider Buying and Selling

In other Viasat news, CEO Mark D. Dankberg sold 200,000 shares of the company’s stock in a transaction on Monday, December 15th. The stock was sold at an average price of $35.09, for a total value of $7,018,000.00. Following the sale, the chief executive officer owned 1,534,993 shares of the company’s stock, valued at approximately $53,862,904.37. This represents a 11.53% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Camellia E. Fitzgerald sold 2,810 shares of the firm’s stock in a transaction on Wednesday, January 28th. The shares were sold at an average price of $48.00, for a total value of $134,880.00. Following the completion of the transaction, the chief accounting officer owned 9,946 shares of the company’s stock, valued at approximately $477,408. This represents a 22.03% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 354,290 shares of company stock valued at $13,059,722. 2.20% of the stock is owned by insiders.

Viasat Price Performance

Shares of NASDAQ:VSAT opened at $43.79 on Friday. The firm has a market capitalization of $5.95 billion, a price-to-earnings ratio of -16.91 and a beta of 1.44. The company has a debt-to-equity ratio of 1.35, a current ratio of 2.13 and a quick ratio of 1.90. The business’s 50 day simple moving average is $43.41 and its 200-day simple moving average is $37.04. Viasat Inc. has a 12 month low of $7.36 and a 12 month high of $50.24.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on VSAT shares. Morgan Stanley set a $51.00 target price on Viasat in a research note on Friday, January 16th. Deutsche Bank Aktiengesellschaft upgraded Viasat from a “hold” rating to a “buy” rating and lifted their price target for the company from $36.00 to $48.00 in a research note on Friday, February 6th. JPMorgan Chase & Co. raised Viasat from a “neutral” rating to an “overweight” rating and upped their price objective for the stock from $23.00 to $50.00 in a report on Tuesday, November 11th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Viasat in a research report on Wednesday, January 21st. Finally, Needham & Company LLC reissued a “buy” rating and issued a $45.00 target price on shares of Viasat in a report on Wednesday, January 21st. Six investment analysts have rated the stock with a Buy rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, Viasat has an average rating of “Moderate Buy” and a consensus price target of $45.86.

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.