Viasat (NASDAQ:VSAT – Free Report) had its price target lowered by Needham & Company LLC from $35.00 to $28.00 in a research note released on Wednesday, Benzinga reports. The brokerage currently has a buy rating on the communications equipment provider’s stock.
Separately, Barclays decreased their target price on shares of Viasat from $30.00 to $28.00 and set an equal weight rating for the company in a research note on Friday, February 23rd. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of Hold and a consensus price target of $37.00.
View Our Latest Stock Report on VSAT
Viasat Price Performance
Institutional Investors Weigh In On Viasat
A number of institutional investors have recently made changes to their positions in VSAT. Vanguard Group Inc. boosted its holdings in Viasat by 40.3% in the third quarter. Vanguard Group Inc. now owns 11,897,337 shares of the communications equipment provider’s stock worth $219,625,000 after purchasing an additional 3,417,316 shares during the last quarter. Jump Financial LLC raised its position in Viasat by 696.1% in the third quarter. Jump Financial LLC now owns 121,311 shares of the communications equipment provider’s stock worth $2,239,000 after acquiring an additional 106,073 shares during the period. Charles Schwab Investment Management Inc. raised its position in Viasat by 6.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 802,096 shares of the communications equipment provider’s stock worth $14,807,000 after acquiring an additional 50,252 shares during the period. Invesco Ltd. raised its position in Viasat by 68.0% in the third quarter. Invesco Ltd. now owns 1,133,429 shares of the communications equipment provider’s stock worth $20,923,000 after acquiring an additional 458,959 shares during the period. Finally, CI Investments Inc. bought a new position in Viasat in the third quarter worth approximately $120,000. Hedge funds and other institutional investors own 86.05% of the company’s stock.
About Viasat
Viasat, Inc provides broadband and communications products and services worldwide. The company's Satellite Services segment offers satellite-based fixed broadband services, including broadband internet access and voice over internet protocol services to consumers and businesses; in-flight entertainment and aviation software services to commercial airlines and private business jets; satellite-based connectivity services; mobile broadband services, including satellite-based internet services to energy offshore vessels, cruise ships, consumer ferries, and yachts; and energy services, which include ultra-secure solutions IP connectivity, bandwidth-optimized over-the-top applications, industrial internet-of-things big data enablement, and industry-leading machine learning analytics.
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