State of Wyoming Sells 9,031 Shares of Viasat Inc. $VSAT

State of Wyoming cut its stake in Viasat Inc. (NASDAQ:VSAT) by 27.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 23,830 shares of the communications equipment provider’s stock after selling 9,031 shares during the period. State of Wyoming’s holdings in Viasat were worth $821,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Hantz Financial Services Inc. raised its stake in shares of Viasat by 6,815.4% in the third quarter. Hantz Financial Services Inc. now owns 899 shares of the communications equipment provider’s stock worth $26,000 after acquiring an additional 886 shares during the last quarter. Pilgrim Partners Asia Pte Ltd bought a new position in Viasat in the fourth quarter valued at about $36,000. Danske Bank A S bought a new position in Viasat in the fourth quarter valued at about $47,000. Larson Financial Group LLC boosted its holdings in Viasat by 7,380.0% in the third quarter. Larson Financial Group LLC now owns 2,244 shares of the communications equipment provider’s stock valued at $66,000 after acquiring an additional 2,214 shares during the last quarter. Finally, EverSource Wealth Advisors LLC boosted its holdings in Viasat by 57.7% in the fourth quarter. EverSource Wealth Advisors LLC now owns 2,260 shares of the communications equipment provider’s stock valued at $78,000 after acquiring an additional 827 shares during the last quarter. 86.05% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Viasat news, SVP Robert James Blair sold 30,411 shares of the company’s stock in a transaction that occurred on Monday, March 16th. The shares were sold at an average price of $47.04, for a total value of $1,430,533.44. Following the completion of the sale, the senior vice president owned 38,108 shares of the company’s stock, valued at approximately $1,792,600.32. This represents a 44.38% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Benjamin Edward Palmer sold 2,400 shares of the company’s stock in a transaction that occurred on Thursday, March 12th. The shares were sold at an average price of $46.21, for a total transaction of $110,904.00. Following the completion of the sale, 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. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 38,071 shares of company stock valued at $1,804,437 over the last ninety days. Insiders own 2.20% of the company’s stock.

Viasat Trading Up 4.8%

VSAT opened at $72.93 on Friday. The company has a debt-to-equity ratio of 1.35, a current ratio of 2.41 and a quick ratio of 2.19. The company has a market cap of $9.96 billion, a price-to-earnings ratio of -251.48 and a beta of 1.71. The firm has a 50 day simple moving average of $64.03 and a 200 day simple moving average of $49.16. Viasat Inc. has a fifty-two week low of $8.78 and a fifty-two week high of $89.79.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on VSAT. New Street Research began coverage on Viasat in a report on Wednesday, May 13th. They issued a “buy” rating and a $100.00 price target on the stock. Weiss Ratings reissued a “sell (d-)” rating on shares of Viasat in a research note on Monday, April 20th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $97.00 price target on shares of Viasat in a research note on Monday. Needham & Company LLC boosted their price target on shares of Viasat from $58.00 to $90.00 and gave the stock a “buy” rating in a research note on Monday. Finally, Barclays set a $49.00 price target on shares of Viasat in a research note on Friday, May 29th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $77.13.

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.