Inceptionr LLC Makes New $354,000 Investment in Viasat Inc. $VSAT

Inceptionr LLC acquired a new stake in Viasat Inc. (NASDAQ:VSAT) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 7,739 shares of the communications equipment provider’s stock, valued at approximately $354,000.

Other large investors have also modified their holdings of the company. Disciplined Growth Investors Inc. MN increased its holdings in shares of Viasat by 15.8% in the 2nd quarter. Disciplined Growth Investors Inc. MN now owns 5,845,100 shares of the communications equipment provider’s stock valued at $85,338,000 after acquiring an additional 796,349 shares during the period. Dimensional Fund Advisors LP boosted its stake in Viasat by 18.2% during the 1st quarter. Dimensional Fund Advisors LP now owns 4,789,539 shares of the communications equipment provider’s stock worth $219,346,000 after purchasing an additional 738,656 shares during the period. Geode Capital Management LLC grew its position in Viasat by 8.9% during the 4th quarter. Geode Capital Management LLC now owns 3,328,854 shares of the communications equipment provider’s stock worth $115,266,000 after purchasing an additional 273,369 shares during the last quarter. Price T Rowe Associates Inc. MD increased its stake in Viasat by 2,821.7% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 3,222,981 shares of the communications equipment provider’s stock valued at $111,065,000 after purchasing an additional 3,112,670 shares during the period. Finally, Goldman Sachs Group Inc. increased its stake in Viasat by 64.9% in the first quarter. Goldman Sachs Group Inc. now owns 2,866,242 shares of the communications equipment provider’s stock valued at $29,866,000 after purchasing an additional 1,128,338 shares during the period. 86.05% of the stock is owned by institutional investors and hedge funds.

Viasat Trading Up 4.4%

NASDAQ VSAT opened at $74.87 on Tuesday. The stock has a market capitalization of $10.22 billion, a P/E ratio of -258.17 and a beta of 1.70. Viasat Inc. has a 52-week low of $14.36 and a 52-week high of $93.03. The firm has a 50-day moving average price of $72.11 and a 200 day moving average price of $58.48. The company has a quick ratio of 2.19, a current ratio of 2.41 and a debt-to-equity ratio of 1.35.

Viasat (NASDAQ:VSAT) last announced its quarterly earnings data on Thursday, May 28th. The communications equipment provider reported ($0.02) EPS for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.34). Viasat had a negative net margin of 0.73% and a positive return on equity of 1.58%. The firm had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.20 billion. During the same quarter in the previous year, the business earned ($0.02) EPS. Viasat’s revenue for the quarter was up 2.1% on a year-over-year basis. Equities research analysts expect that Viasat Inc. will post -0.39 EPS for the current year.

Insiders Place Their Bets

In related news, CFO Garrett L. Chase sold 4,000 shares of Viasat stock in a transaction that occurred on Monday, June 22nd. The stock was sold at an average price of $62.41, for a total value of $249,640.00. Following the sale, the chief financial officer directly owned 34,239 shares in the company, valued at $2,136,855.99. The trade was a 10.46% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Richard A. Baldridge sold 27,122 shares of the company’s stock in a transaction on Wednesday, June 3rd. The stock was sold at an average price of $71.74, for a total value of $1,945,732.28. Following the transaction, the director directly owned 213,355 shares in the company, valued at $15,306,087.70. This represents a 11.28% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 438,803 shares of company stock worth $28,655,600. Corporate insiders own 2.20% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the stock. Raymond James Financial set a $74.00 target price on shares of Viasat and gave the stock an “outperform” rating in a research note on Friday, April 24th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $97.00 price objective on shares of Viasat in a research note on Monday, June 1st. New Street Research started coverage on Viasat in a research report on Wednesday, May 13th. They set a “buy” rating and a $100.00 price objective for the company. Zacks Research downgraded Viasat from a “hold” rating to a “strong sell” rating in a research note on Tuesday, June 30th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Viasat in a report on Friday, July 17th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, one has issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $84.11.

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.