EntryPoint Capital LLC Raises Stock Position in Viasat, Inc. (NASDAQ:VSAT)

EntryPoint Capital LLC grew its holdings in Viasat, Inc. (NASDAQ:VSAT - Free Report) by 722.6% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 100,108 shares of the communications equipment provider's stock after purchasing an additional 87,939 shares during the quarter. Viasat comprises 0.4% of EntryPoint Capital LLC's portfolio, making the stock its 8th biggest holding. EntryPoint Capital LLC owned approximately 0.08% of Viasat worth $852,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in VSAT. Disciplined Growth Investors Inc. MN grew its holdings 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 buying an additional 969,942 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake 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 acquiring an additional 364,072 shares during the last quarter. South Dakota Investment Council increased its position in Viasat by 98.5% during the fourth quarter. South Dakota Investment Council now owns 675,378 shares of the communications equipment provider's stock worth $5,747,000 after acquiring an additional 335,082 shares during the period. State Street Corp raised its stake 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 purchasing an additional 276,376 shares during the last quarter. Finally, American Century Companies Inc. boosted its holdings in Viasat by 26.4% in the 4th quarter. American Century Companies Inc. now owns 1,229,116 shares of the communications equipment provider's stock valued at $10,460,000 after purchasing an additional 256,389 shares during the period. 86.05% of the stock is currently owned by institutional investors.

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Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. William Blair reaffirmed a "market perform" rating on shares of Viasat in a research report on Friday, February 7th. StockNews.com upgraded Viasat from a "sell" rating to a "hold" rating in a research report on Friday, March 7th. Morgan Stanley reduced their target price on Viasat from $26.00 to $12.00 and set an "equal weight" rating for the company in a research report on Tuesday, February 4th. Deutsche Bank Aktiengesellschaft raised shares of Viasat from a "hold" rating to a "buy" rating and set a $15.00 price target on the stock in a report on Monday, March 24th. Finally, Barclays raised their price objective on shares of Viasat from $9.00 to $10.00 and gave the stock an "equal weight" rating in a report on Wednesday, February 26th. Six research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $14.57.

Viasat Price Performance

VSAT stock traded down $0.55 during trading on Friday, hitting $10.92. 2,015,438 shares of the stock traded hands, compared to its average volume of 2,623,622. The stock has a market cap of $1.41 billion, a price-to-earnings ratio of -3.25 and a beta of 1.38. Viasat, Inc. has a one year low of $6.69 and a one year high of $26.70. 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 50 day simple moving average of $9.78 and a 200 day simple moving average of $9.92.

Viasat (NASDAQ:VSAT - Get Free Report) last released its quarterly earnings results on Thursday, February 6th. The communications equipment provider reported ($1.23) EPS 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%. Equities analysts expect that Viasat, Inc. will post -0.54 EPS for the current fiscal year.

Insider Activity at Viasat

In related news, insider Cpp Investment Board Private H sold 3,750,000 shares of the firm's stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $9.00, for a total value of $33,750,000.00. Following the completion of the sale, the insider now owns 4,795,334 shares of the company's stock, valued at $43,158,006. This trade represents a 43.88 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 3.20% of the stock is currently owned by company insiders.

About Viasat

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.