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

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

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

Insider Transactions at Viasat

In other Viasat news, CEO Mark D. Dankberg sold 400,000 shares of the firm’s stock in a transaction dated Monday, June 8th. The shares were sold at an average price of $64.76, for a total transaction of $25,904,000.00. Following the sale, the chief executive officer directly owned 1,082,196 shares of the company’s stock, valued at $70,083,012.96. This trade represents a 26.99% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Garrett L. Chase sold 4,000 shares of Viasat stock in a transaction dated Monday, June 22nd. The stock was sold at an average price of $62.41, for a total transaction of $249,640.00. Following the sale, the chief financial officer owned 34,239 shares of the company’s stock, valued at approximately $2,136,855.99. This trade represents a 10.46% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 438,803 shares of company stock worth $28,655,600 in the last ninety days. Company insiders own 2.20% of the company’s stock.

Analysts Set New Price Targets

VSAT has been the topic of several research reports. Oppenheimer initiated coverage on Viasat in a report on Monday, June 29th. They issued an “outperform” rating and a $140.00 target price on the stock. Weiss Ratings reiterated a “sell (d-)” rating on shares of Viasat in a research report on Friday, July 17th. New Street Research initiated coverage on shares of Viasat in a research note on Wednesday, May 13th. They issued a “buy” rating and a $100.00 price objective on the stock. Raymond James Financial set a $74.00 target price on shares of Viasat and gave the company an “outperform” rating in a report on Friday, April 24th. Finally, B. Riley Financial lifted their target price on shares of Viasat from $94.00 to $106.00 and gave the stock a “buy” rating in a research report on Friday, May 29th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, one has assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $84.11.

Viasat Stock Performance

Viasat stock opened at $74.87 on Tuesday. Viasat Inc. has a fifty-two week low of $14.36 and a fifty-two week high of $93.03. The company has a market capitalization of $10.22 billion, a price-to-earnings ratio of -258.17 and a beta of 1.70. The stock has a fifty day moving average of $72.11 and a two-hundred day moving average of $58.48. The company has a debt-to-equity ratio of 1.35, a quick ratio of 2.19 and a current ratio of 2.41.

Viasat (NASDAQ:VSAT) last issued its quarterly earnings data on Thursday, May 28th. The communications equipment provider reported ($0.02) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.32 by ($0.34). The company had revenue of $1.17 billion during the quarter, compared to analysts’ expectations of $1.20 billion. Viasat had a negative net margin of 0.73% and a positive return on equity of 1.58%. The firm’s revenue was up 2.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.02) earnings per share. On average, analysts anticipate that Viasat Inc. will post -0.39 EPS for the current fiscal year.

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.