Viasat Inc. $VSAT Shares Sold by VIRGINIA RETIREMENT SYSTEMS ET Al

VIRGINIA RETIREMENT SYSTEMS ET Al lowered its position in shares of Viasat Inc. (NASDAQ:VSAT) by 29.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 32,100 shares of the communications equipment provider’s stock after selling 13,300 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in Viasat were worth $1,106,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Quent Capital LLC acquired a new stake in shares of Viasat during the third quarter worth about $25,000. Hantz Financial Services Inc. increased its position in Viasat by 6,815.4% in the 3rd quarter. Hantz Financial Services Inc. now owns 899 shares of the communications equipment provider’s stock valued at $26,000 after acquiring an additional 886 shares during the period. Pilgrim Partners Asia Pte Ltd acquired a new position in Viasat in the 4th quarter valued at about $36,000. Danske Bank A S acquired a new position in Viasat in the 4th quarter valued at about $47,000. Finally, Activest Wealth Management acquired a new position in Viasat in the 3rd quarter valued at about $44,000. Institutional investors and hedge funds own 86.05% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on VSAT. Raymond James Financial set a $74.00 price target on Viasat and gave the company an “outperform” rating in a research report on Friday, April 24th. Needham & Company LLC boosted their price target on Viasat from $45.00 to $58.00 and gave the company a “buy” rating in a research report on Friday, March 27th. New Street Research began coverage on Viasat in a research report on Wednesday. They issued a “buy” rating and a $100.00 price target on the stock. Deutsche Bank Aktiengesellschaft upgraded Viasat from a “hold” rating to a “buy” rating and boosted their price target for the company 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 research report on Monday, April 20th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Viasat presently has a consensus rating of “Moderate Buy” and a consensus target price of $65.50.

Viasat Stock Performance

NASDAQ VSAT opened at $69.50 on Friday. 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 business’s 50 day moving average is $56.09 and its two-hundred day moving average is $45.36. Viasat Inc. has a 12-month low of $8.61 and a 12-month high of $75.14. The stock has a market capitalization of $9.44 billion, a price-to-earnings ratio of -26.83 and a beta of 1.66.

Insiders Place Their Bets

In other Viasat news, SVP Benjamin Edward Palmer sold 2,400 shares of the business’s stock in a transaction that occurred on Thursday, March 12th. The stock was sold at an average price of $46.21, for a total transaction of $110,904.00. Following the transaction, the senior vice president owned 25,431 shares in the company, valued at approximately $1,175,166.51. The trade was a 8.62% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Craig Andrew Miller sold 5,260 shares of the business’s stock in a transaction that occurred on Tuesday, March 17th. The stock was sold at an average price of $50.00, for a total value of $263,000.00. Following the transaction, the senior vice president owned 21,252 shares in the company, valued at $1,062,600. The trade was a 19.84% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 38,071 shares of company stock worth $1,804,437. Company insiders own 2.20% of the company’s stock.

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.