New York State Teachers Retirement System Has $3.23 Million Holdings in Viasat Inc. $VSAT

New York State Teachers Retirement System raised its stake in shares of Viasat Inc. (NASDAQ:VSATFree Report) by 40.0% in the third quarter, Holdings Channel.com reports. The firm owned 110,070 shares of the communications equipment provider’s stock after buying an additional 31,447 shares during the period. New York State Teachers Retirement System’s holdings in Viasat were worth $3,225,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Edgestream Partners L.P. purchased a new stake in shares of Viasat in the second quarter valued at about $1,099,000. Quantbot Technologies LP bought a new stake in Viasat in the 2nd quarter worth about $3,066,000. Neuberger Berman Group LLC grew its position in Viasat by 6.8% in the 2nd quarter. Neuberger Berman Group LLC now owns 5,541,636 shares of the communications equipment provider’s stock worth $80,908,000 after purchasing an additional 351,404 shares in the last quarter. Panagora Asset Management Inc. purchased a new stake in Viasat in the 2nd quarter valued at about $1,601,000. Finally, AlphaQuest LLC lifted its position in shares of Viasat by 746.4% during the 2nd quarter. AlphaQuest LLC now owns 13,567 shares of the communications equipment provider’s stock worth $198,000 after buying an additional 11,964 shares in the last quarter. 86.05% of the stock is owned by institutional investors.

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Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on VSAT shares. Raymond James Financial raised Viasat from a “market perform” rating to an “outperform” rating and set a $52.00 target price for the company in a report on Monday, November 10th. Barclays restated an “underweight” rating and issued a $23.00 price objective (up previously from $10.00) on shares of Viasat in a research note on Wednesday, October 1st. William Blair reiterated an “outperform” rating on shares of Viasat in a research note on Tuesday. Needham & Company LLC increased their price target on shares of Viasat from $25.00 to $45.00 and gave the company a “buy” rating in a research report on Tuesday, November 11th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Viasat in a report on Wednesday, October 8th. Five analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $37.63.

View Our Latest Stock Report on Viasat

Insider Buying and Selling

In related news, CEO Mark D. Dankberg sold 100,000 shares of the business’s stock in a transaction on Tuesday, January 6th. The stock was sold at an average price of $40.34, for a total transaction of $4,034,000.00. Following the sale, the chief executive officer directly owned 1,434,993 shares in the company, valued at approximately $57,887,617.62. The trade was a 6.51% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Robert James Blair sold 2,269 shares of the firm’s stock in a transaction dated Tuesday, November 18th. The stock was sold at an average price of $35.61, for a total value of $80,799.09. Following the completion of the transaction, the senior vice president owned 68,519 shares of the company’s stock, valued at approximately $2,439,961.59. This represents a 3.21% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 356,529 shares of company stock worth $13,105,888. Insiders own 2.20% of the company’s stock.

Viasat Price Performance

NASDAQ VSAT opened at $45.94 on Friday. The company has a quick ratio of 1.84, a current ratio of 2.08 and a debt-to-equity ratio of 1.43. The company has a market cap of $6.21 billion, a PE ratio of -11.49 and a beta of 1.39. Viasat Inc. has a 52 week low of $7.36 and a 52 week high of $46.43. The firm’s 50-day simple moving average is $36.20 and its two-hundred day simple moving average is $30.63.

Viasat (NASDAQ:VSATGet Free Report) last posted its quarterly earnings results on Saturday, November 8th. The communications equipment provider reported $0.09 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.11) by $0.20. The company had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.15 billion. Viasat had a negative net margin of 11.40% and a negative return on equity of 3.65%. The company’s quarterly revenue was up 2.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.23) earnings per share. Research analysts predict that Viasat Inc. will post -0.54 earnings per share for the current year.

Viasat Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Viasat (NASDAQ:VSAT)

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