Viasat Inc. $VSAT Shares Sold by Neuberger Berman Group LLC

Neuberger Berman Group LLC lowered its stake in shares of Viasat Inc. (NASDAQ:VSAT) by 0.5% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,516,414 shares of the communications equipment provider’s stock after selling 25,222 shares during the period. Neuberger Berman Group LLC’s holdings in Viasat were worth $161,411,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Quent Capital LLC acquired a new stake in Viasat in the 3rd quarter worth about $25,000. Salomon & Ludwin LLC acquired a new position in shares of Viasat during the third quarter valued at approximately $28,000. Hantz Financial Services Inc. raised its holdings in shares of Viasat by 6,815.4% during the third 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 last quarter. Activest Wealth Management purchased a new position in shares of Viasat in the third quarter valued at approximately $44,000. Finally, GAMMA Investing LLC lifted its position in shares of Viasat by 15.9% in the third quarter. GAMMA Investing LLC now owns 2,387 shares of the communications equipment provider’s stock valued at $70,000 after acquiring an additional 327 shares in the last quarter. 86.05% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

VSAT has been the subject of several research reports. Raymond James Financial upgraded Viasat from a “market perform” rating to an “outperform” rating and set a $52.00 price target for the company in a research report on Monday, November 10th. Needham & Company LLC reaffirmed a “buy” rating and set a $45.00 target price on shares of Viasat in a research note on Wednesday, January 21st. Morgan Stanley set a $51.00 target price on shares of Viasat in a report on Friday, January 16th. Deutsche Bank Aktiengesellschaft upgraded shares of Viasat from a “hold” rating to a “buy” rating and increased their target price 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 Wednesday, January 21st. Six analysts have rated the stock with a Buy rating and two have issued a Sell rating to the company. According to data from MarketBeat, Viasat presently has a consensus rating of “Moderate Buy” and a consensus price target of $45.86.

Viasat Stock Down 3.8%

Shares of NASDAQ:VSAT opened at $43.79 on Friday. The company has a quick ratio of 1.90, a current ratio of 2.13 and a debt-to-equity ratio of 1.35. The business has a fifty day moving average of $43.41 and a two-hundred day moving average of $36.97. The stock has a market cap of $5.95 billion, a P/E ratio of -16.91 and a beta of 1.44. Viasat Inc. has a 52-week low of $7.36 and a 52-week high of $50.24.

Insider Activity

In related news, CAO Camellia E. Fitzgerald sold 2,810 shares of the company’s stock in a transaction dated 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 sale, 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CAO Shawn Lynn Duffy sold 51,480 shares of the firm’s stock in a transaction dated Friday, December 12th. The stock was sold at an average price of $36.38, for a total transaction of $1,872,842.40. Following the sale, the chief accounting officer owned 6,021 shares of the company’s stock, valued at approximately $219,043.98. The trade was a 89.53% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 354,290 shares of company stock valued at $13,059,722. 2.20% of the stock is currently owned by insiders.

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.