VIRGINIA RETIREMENT SYSTEMS ET Al Decreases Stock Position in Viasat Inc. $VSAT

VIRGINIA RETIREMENT SYSTEMS ET Al cut its holdings in Viasat Inc. (NASDAQ:VSAT) by 29.3% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 32,100 shares of the communications equipment provider’s stock after selling 13,300 shares during the quarter. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in Viasat were worth $1,106,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Argos Wealth Advisors LLC purchased a new stake in shares of Viasat in the 4th quarter worth about $582,000. Versor Investments LP purchased a new stake in shares of Viasat in the 4th quarter worth about $239,000. Pilgrim Partners Asia Pte Ltd purchased a new stake in shares of Viasat in the 4th quarter worth about $36,000. Hussman Strategic Advisors Inc. boosted its position in shares of Viasat by 100.0% in the 4th quarter. Hussman Strategic Advisors Inc. now owns 84,000 shares of the communications equipment provider’s stock worth $2,895,000 after buying an additional 42,000 shares in the last quarter. Finally, Danske Bank A S purchased a new stake in shares of Viasat in the 4th quarter worth about $47,000. 86.05% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. Barclays upgraded Viasat from an “underweight” rating to an “equal weight” rating and increased their target price for the company from $23.00 to $49.00 in a report on Wednesday, April 8th. B. Riley Financial increased their target price on Viasat from $52.00 to $94.00 and gave the company a “buy” rating in a report on Tuesday, April 28th. Raymond James Financial set a $74.00 target price on Viasat and gave the company an “outperform” rating in a report on Friday, April 24th. Needham & Company LLC increased their target price on Viasat from $45.00 to $58.00 and gave the company a “buy” rating in a report on Friday, March 27th. Finally, Deutsche Bank Aktiengesellschaft upgraded Viasat from a “hold” rating to a “buy” rating and increased their target price for the company from $36.00 to $48.00 in a report on Friday, February 6th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $65.50.

Insider Transactions at Viasat

In other news, SVP Benjamin Edward Palmer sold 2,400 shares of Viasat stock in a transaction dated Thursday, March 12th. The stock was sold at an average price of $46.21, for a total value of $110,904.00. Following the transaction, the senior vice president directly owned 25,431 shares of the company’s stock, valued at $1,175,166.51. The trade was a 8.62% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, SVP Craig Andrew Miller sold 5,260 shares of Viasat stock in a transaction dated Tuesday, March 17th. The shares were sold at an average price of $50.00, for a total value of $263,000.00. Following the completion of the transaction, the senior vice president directly owned 21,252 shares in the company, valued at $1,062,600. This represents a 19.84% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 38,071 shares of company stock worth $1,804,437 in the last three months. 2.20% of the stock is currently owned by company insiders.

Viasat Price Performance

Shares of Viasat stock opened at $69.50 on Friday. The business’s fifty day moving average price is $56.09 and its 200 day moving average price is $45.36. Viasat Inc. has a twelve month low of $8.61 and a twelve month high of $75.14. The company has a current ratio of 2.13, a quick ratio of 1.90 and a debt-to-equity ratio of 1.35. The stock has a market capitalization of $9.44 billion, a P/E ratio of -26.83 and a beta of 1.66.

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.