Arrowstreet Capital Limited Partnership Acquires 65,374 Shares of Gilat Satellite Networks Ltd. (NASDAQ:GILT)

Arrowstreet Capital Limited Partnership boosted its holdings in Gilat Satellite Networks Ltd. (NASDAQ:GILT - Free Report) by 43.5% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 215,597 shares of the communications equipment provider's stock after buying an additional 65,374 shares during the period. Arrowstreet Capital Limited Partnership owned approximately 0.38% of Gilat Satellite Networks worth $1,329,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. BNP Paribas Financial Markets acquired a new position in shares of Gilat Satellite Networks during the 3rd quarter valued at $27,000. Virtu Financial LLC acquired a new stake in Gilat Satellite Networks during the third quarter valued at approximately $61,000. Tidal Investments LLC grew its position in shares of Gilat Satellite Networks by 4.6% in the 3rd quarter. Tidal Investments LLC now owns 63,621 shares of the communications equipment provider's stock worth $335,000 after acquiring an additional 2,812 shares in the last quarter. Inspire Investing LLC bought a new stake in shares of Gilat Satellite Networks in the 4th quarter valued at approximately $864,000. Finally, Van ECK Associates Corp lifted its stake in Gilat Satellite Networks by 279.0% during the fourth quarter. Van ECK Associates Corp now owns 136,380 shares of the communications equipment provider's stock worth $839,000 after purchasing an additional 100,396 shares during the last quarter. 35.72% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have recently commented on the stock. StockNews.com lowered shares of Gilat Satellite Networks from a "strong-buy" rating to a "buy" rating in a report on Friday, March 7th. Needham & Company LLC reaffirmed a "buy" rating and issued a $8.50 target price on shares of Gilat Satellite Networks in a research report on Wednesday, February 26th.

Gilat Satellite Networks Stock Down 0.3 %

Gilat Satellite Networks stock traded down $0.02 during mid-day trading on Thursday, hitting $6.07. The company's stock had a trading volume of 20,962 shares, compared to its average volume of 285,865. Gilat Satellite Networks Ltd. has a 52-week low of $4.04 and a 52-week high of $8.05. The company has a market cap of $346.26 million, a PE ratio of 13.85 and a beta of 0.49. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.52 and a quick ratio of 2.14. The firm's 50 day moving average is $6.71 and its 200 day moving average is $6.15.

Gilat Satellite Networks (NASDAQ:GILT - Get Free Report) last posted its quarterly earnings results on Wednesday, February 12th. The communications equipment provider reported $0.15 EPS for the quarter, topping the consensus estimate of $0.14 by $0.01. Gilat Satellite Networks had a net margin of 8.14% and a return on equity of 9.74%. On average, analysts anticipate that Gilat Satellite Networks Ltd. will post 0.5 earnings per share for the current year.

About Gilat Satellite Networks

Gilat Satellite Networks Ltd., together with its subsidiaries, provides satellite-based broadband communication solutions in Israel, the United States, Peru, and internationally. It operates in three segments: Satellite Networks, Integrated Solutions, and Network Infrastructure and Services. Its portfolio consists of cloud-based satellite network platform, very small aperture terminals, amplifiers, modems, on-the-move antennas, solid state power amplifiers, block upconverters, transceivers, and defense ground systems and field services.