Disciplined Growth Investors Inc. MN Increases Holdings in Viasat, Inc. (NASDAQ:VSAT)

Disciplined Growth Investors Inc. MN lifted its position in shares of Viasat, Inc. (NASDAQ:VSAT - Free Report) by 28.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,419,223 shares of the communications equipment provider's stock after buying an additional 969,942 shares during the quarter. Disciplined Growth Investors Inc. MN owned about 3.44% of Viasat worth $52,766,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the company. SG Americas Securities LLC acquired a new stake in Viasat during the 2nd quarter worth about $293,000. Nisa Investment Advisors LLC bought a new position in shares of Viasat during the 2nd quarter worth approximately $67,000. Louisiana State Employees Retirement System grew its position in shares of Viasat by 1.6% during the 2nd quarter. Louisiana State Employees Retirement System now owns 37,800 shares of the communications equipment provider's stock worth $480,000 after buying an additional 600 shares during the period. IMA Advisory Services Inc. grew its holdings in Viasat by 3.1% in the second quarter. IMA Advisory Services Inc. now owns 40,775 shares of the communications equipment provider's stock worth $518,000 after purchasing an additional 1,223 shares during the period. Finally, Bank of New York Mellon Corp boosted its position in shares of Viasat by 25.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 796,368 shares of the communications equipment provider's stock worth $10,114,000 after purchasing an additional 162,804 shares in the last quarter. Institutional investors own 86.05% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on VSAT shares. Needham & Company LLC lowered their target price on Viasat from $28.00 to $19.00 and set a "buy" rating on the stock in a research report on Tuesday, October 15th. Bank of America lowered their target price on shares of Viasat from $31.00 to $19.00 and set a "buy" rating on the stock in a report on Friday, September 20th. StockNews.com downgraded Viasat from a "hold" rating to a "sell" rating in a research note on Saturday, August 31st. Barclays lowered their price objective on Viasat from $24.00 to $9.00 and set an "equal weight" rating for the company in a research note on Wednesday, November 20th. Finally, JPMorgan Chase & Co. cut Viasat from an "overweight" rating to a "neutral" rating and cut their target price for the company from $29.00 to $15.00 in a research report on Tuesday, September 17th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $18.33.

Viasat Trading Down 0.7 %

Shares of Viasat stock traded down $0.07 during mid-day trading on Tuesday, hitting $9.46. 1,656,532 shares of the stock were exchanged, compared to its average volume of 1,936,357. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.44 and a quick ratio of 1.34. The company has a 50-day simple moving average of $9.79 and a 200 day simple moving average of $13.59. Viasat, Inc. has a 12 month low of $6.69 and a 12 month high of $29.11.

Viasat (NASDAQ:VSAT - Get Free Report) last issued its quarterly earnings results on Wednesday, November 6th. The communications equipment provider reported ($1.07) earnings per share for the quarter, missing analysts' consensus estimates of ($0.54) by ($0.53). The company had revenue of $1.12 billion during the quarter, compared to analysts' expectations of $1.11 billion. Viasat had a negative return on equity of 7.58% and a negative net margin of 8.73%. Viasat's quarterly revenue was down 8.4% compared to the same quarter last year. During the same period last year, the firm posted ($6.16) earnings per share. On average, sell-side analysts forecast that Viasat, Inc. will post -2.38 earnings per share for the current fiscal year.

Viasat 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.