American Century Companies Inc. Boosts Position in Viasat, Inc. (NASDAQ:VSAT)

American Century Companies Inc. lifted its position in Viasat, Inc. (NASDAQ:VSAT - Free Report) by 26.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,229,116 shares of the communications equipment provider's stock after acquiring an additional 256,389 shares during the quarter. American Century Companies Inc. owned 0.96% of Viasat worth $10,460,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Disciplined Growth Investors Inc. MN grew its position in Viasat by 28.1% in the 3rd quarter. Disciplined Growth Investors Inc. MN now owns 4,419,223 shares of the communications equipment provider's stock valued at $52,766,000 after acquiring an additional 969,942 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Viasat by 23.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,887,537 shares of the communications equipment provider's stock worth $16,063,000 after purchasing an additional 364,072 shares during the last quarter. South Dakota Investment Council increased its stake in Viasat by 98.5% in the 4th quarter. South Dakota Investment Council now owns 675,378 shares of the communications equipment provider's stock worth $5,747,000 after buying an additional 335,082 shares during the period. State Street Corp lifted its holdings in Viasat by 6.6% during the 3rd quarter. State Street Corp now owns 4,445,811 shares of the communications equipment provider's stock valued at $53,083,000 after buying an additional 276,376 shares in the last quarter. Finally, Empowered Funds LLC purchased a new stake in Viasat in the 4th quarter valued at about $1,801,000. 86.05% of the stock is owned by hedge funds and other institutional investors.

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Insider Activity at Viasat

In related news, insider Cpp Investment Board Private H sold 3,750,000 shares of the company's stock in a transaction on Monday, February 10th. The stock was sold at an average price of $9.00, for a total value of $33,750,000.00. Following the transaction, the insider now directly owns 4,795,334 shares of the company's stock, valued at $43,158,006. This represents a 43.88 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 3.20% of the stock is currently owned by insiders.

Analyst Ratings Changes

VSAT has been the subject of several research analyst reports. Cantor Fitzgerald began coverage on shares of Viasat in a research note on Friday, January 24th. They set a "neutral" rating and a $12.00 price target for the company. Deutsche Bank Aktiengesellschaft raised Viasat from a "hold" rating to a "buy" rating and set a $15.00 price target on the stock in a research report on Monday, March 24th. StockNews.com upgraded Viasat from a "sell" rating to a "hold" rating in a report on Friday, March 7th. William Blair reiterated a "market perform" rating on shares of Viasat in a report on Friday, February 7th. Finally, Needham & Company LLC restated a "buy" rating and issued a $19.00 price target on shares of Viasat in a report on Monday, February 10th. Six equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $14.57.

Viasat Stock Down 6.4 %

Shares of NASDAQ:VSAT traded down $0.57 during trading on Monday, reaching $8.33. The stock had a trading volume of 4,349,120 shares, compared to its average volume of 2,663,174. The company has a current ratio of 1.80, a quick ratio of 1.60 and a debt-to-equity ratio of 1.35. The company has a market capitalization of $1.08 billion, a P/E ratio of -2.48 and a beta of 1.06. The firm's 50-day simple moving average is $9.63 and its 200 day simple moving average is $9.73. Viasat, Inc. has a one year low of $6.69 and a one year high of $26.70.

Viasat (NASDAQ:VSAT - Get Free Report) last posted its quarterly earnings data on Thursday, February 6th. The communications equipment provider reported ($1.23) earnings per share for the quarter, missing analysts' consensus estimates of ($0.53) by ($0.70). Viasat had a negative return on equity of 8.37% and a negative net margin of 9.49%. As a group, research analysts expect that Viasat, Inc. will post -0.54 EPS for the current fiscal year.

Viasat Company Profile

Viasat, Inc provides broadband and communications products and services worldwide. The company's Satellite Services segment offers satellite-based fixed broadband services, including broadband internet access and voice over internet protocol services to consumers and businesses; in-flight entertainment and aviation software services to commercial airlines and private business jets; satellite-based connectivity services; mobile broadband services, including satellite-based internet services to energy offshore vessels, cruise ships, consumer ferries, and yachts; and energy services, which include ultra-secure solutions IP connectivity, bandwidth-optimized over-the-top applications, industrial internet-of-things big data enablement, and industry-leading machine learning analytics.