Public Sector Pension Investment Board Has $15.35 Million Stock Position in Viasat Inc. $VSAT

Public Sector Pension Investment Board increased its holdings in shares of Viasat Inc. (NASDAQ:VSAT) by 80.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 523,704 shares of the communications equipment provider’s stock after buying an additional 233,507 shares during the quarter. Public Sector Pension Investment Board owned 0.39% of Viasat worth $15,345,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in VSAT. Quent Capital LLC bought a new stake in shares of Viasat in the third quarter worth about $25,000. Salomon & Ludwin LLC acquired a new position in shares of Viasat in the 3rd quarter valued at approximately $28,000. Hantz Financial Services Inc. grew its position in shares of 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 purchasing an additional 886 shares during the period. Activest Wealth Management bought a new stake in Viasat during the 3rd quarter worth approximately $44,000. Finally, GAMMA Investing LLC raised its holdings in Viasat by 15.9% during the 3rd quarter. GAMMA Investing LLC now owns 2,387 shares of the communications equipment provider’s stock worth $70,000 after buying an additional 327 shares during the period. 86.05% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Viasat in a research note on Wednesday, January 21st. Needham & Company LLC restated a “buy” rating and set a $45.00 price objective on shares of Viasat in a report on Wednesday, January 21st. Morgan Stanley set a $51.00 target price on shares of Viasat in a research note on Friday, January 16th. Deutsche Bank Aktiengesellschaft upgraded Viasat from a “hold” rating to a “buy” rating and increased their target price for the stock from $36.00 to $48.00 in a report on Friday, February 6th. Finally, William Blair reissued an “outperform” rating on shares of Viasat in a research note on Tuesday, January 13th. Six analysts have rated the stock with a Buy rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $45.86.

Viasat Stock Performance

Shares of VSAT opened at $48.85 on Friday. The stock has a market capitalization of $6.64 billion, a price-to-earnings ratio of -18.86 and a beta of 1.47. Viasat Inc. has a 12 month low of $7.36 and a 12 month high of $49.68. The firm has a fifty day simple moving average of $40.09 and a 200 day simple moving average of $34.67. The company has a current ratio of 2.13, a quick ratio of 1.90 and a debt-to-equity ratio of 1.35.

Insider Buying and Selling

In other Viasat news, CAO Camellia E. Fitzgerald sold 2,810 shares of the firm’s stock in a transaction that occurred on Wednesday, January 28th. The stock was sold at an average price of $48.00, for a total value of $134,880.00. Following the completion of the transaction, the chief accounting officer directly owned 9,946 shares in the company, valued at $477,408. This trade represents a 22.03% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Robert James Blair sold 2,269 shares of the company’s stock in a transaction that occurred on Tuesday, November 18th. The stock was sold at an average price of $35.61, for a total value of $80,799.09. Following the sale, the senior vice president owned 68,519 shares in the company, valued at approximately $2,439,961.59. This represents a 3.21% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 356,559 shares of company stock worth $13,140,521. Insiders own 2.20% of the company’s stock.

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.