Viasat Inc. $VSAT Shares Sold by Mitsubishi UFJ Trust & Banking Corp

Mitsubishi UFJ Trust & Banking Corp reduced its position in Viasat Inc. (NASDAQ:VSAT) by 46.5% during the 4th quarter, HoldingsChannel.com reports. The firm owned 22,209 shares of the communications equipment provider’s stock after selling 19,267 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp’s holdings in Viasat were worth $765,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Vanguard Group Inc. lifted its position in Viasat by 8.2% during the 3rd quarter. Vanguard Group Inc. now owns 16,962,958 shares of the communications equipment provider’s stock worth $497,015,000 after acquiring an additional 1,289,024 shares in the last quarter. Millennium Management LLC lifted its position in Viasat by 673.7% during the 1st quarter. Millennium Management LLC now owns 1,386,089 shares of the communications equipment provider’s stock worth $14,443,000 after acquiring an additional 1,206,935 shares in the last quarter. Goldman Sachs Group Inc. lifted its position in Viasat by 64.9% during the 1st quarter. Goldman Sachs Group Inc. now owns 2,866,242 shares of the communications equipment provider’s stock worth $29,866,000 after acquiring an additional 1,128,338 shares in the last quarter. American Century Companies Inc. lifted its position in Viasat by 38.5% during the 3rd quarter. American Century Companies Inc. now owns 3,713,581 shares of the communications equipment provider’s stock worth $108,808,000 after acquiring an additional 1,033,194 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in Viasat by 43.5% during the 3rd quarter. Dimensional Fund Advisors LP now owns 3,307,187 shares of the communications equipment provider’s stock worth $96,890,000 after acquiring an additional 1,002,737 shares in the last quarter. 86.05% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, SVP Robert James Blair sold 30,411 shares of the business’s stock in a transaction that occurred on Monday, March 16th. The stock was sold at an average price of $47.04, for a total value of $1,430,533.44. Following the completion of the sale, the senior vice president directly owned 38,108 shares in the company, valued at approximately $1,792,600.32. The trade was a 44.38% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Craig Andrew Miller sold 5,260 shares of the business’s stock in a transaction that occurred on Tuesday, March 17th. The shares were sold at an average price of $50.00, for a total value of $263,000.00. Following the completion of the sale, the senior vice president owned 21,252 shares of the company’s stock, valued at $1,062,600. This trade represents a 19.84% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 38,071 shares of company stock worth $1,804,437. 2.20% of the stock is currently owned by insiders.

Viasat Price Performance

Shares of NASDAQ VSAT opened at $65.57 on Wednesday. Viasat Inc. has a twelve month low of $8.61 and a twelve month high of $66.75. The company has a current ratio of 2.13, a quick ratio of 1.90 and a debt-to-equity ratio of 1.35. The company has a market capitalization of $8.91 billion, a price-to-earnings ratio of -25.32 and a beta of 1.66. The business has a 50 day simple moving average of $52.32 and a 200-day simple moving average of $43.52.

Analyst Upgrades and Downgrades

Several research firms recently commented on VSAT. William Blair reissued an “outperform” rating on shares of Viasat in a research report on Tuesday, January 13th. B. Riley Financial boosted their price target on Viasat from $52.00 to $94.00 and gave the stock a “buy” rating in a research report on Tuesday, April 28th. Barclays raised Viasat from an “underweight” rating to an “equal weight” rating and boosted their price target for the stock from $23.00 to $49.00 in a research report on Wednesday, April 8th. Deutsche Bank Aktiengesellschaft raised Viasat from a “hold” rating to a “buy” rating and boosted their price target for the stock from $36.00 to $48.00 in a research report on Friday, February 6th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Viasat in a report on Monday, April 20th. Six investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $60.57.

About Viasat

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.