Viasat, Inc. (NASDAQ:VSAT) Position Boosted by Invesco Ltd.

Invesco Ltd. lifted its position in shares of Viasat, Inc. (NASDAQ:VSAT - Free Report) by 46.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,093,740 shares of the communications equipment provider's stock after acquiring an additional 667,564 shares during the quarter. Invesco Ltd. owned 1.63% of Viasat worth $17,818,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the company. American Century Companies Inc. raised its position in shares of Viasat by 26.4% during the 4th quarter. American Century Companies Inc. now owns 1,229,116 shares of the communications equipment provider's stock worth $10,460,000 after purchasing an additional 256,389 shares during the last quarter. Everett Harris & Co. CA purchased a new stake in shares of Viasat in the fourth quarter valued at $1,111,000. Principal Financial Group Inc. boosted its stake in shares of Viasat by 3.2% during the fourth quarter. Principal Financial Group Inc. now owns 413,122 shares of the communications equipment provider's stock valued at $3,516,000 after acquiring an additional 12,802 shares during the last quarter. JPMorgan Chase & Co. increased its position in Viasat by 115.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 282,475 shares of the communications equipment provider's stock worth $3,373,000 after purchasing an additional 151,590 shares in the last quarter. Finally, Vanguard Group Inc. raised its stake in Viasat by 1.4% in the 4th quarter. Vanguard Group Inc. now owns 13,773,860 shares of the communications equipment provider's stock valued at $117,216,000 after purchasing an additional 194,006 shares during the last quarter. 86.05% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, insider Cpp Investment Board Private H sold 3,750,000 shares of the business's stock in a transaction dated 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 owns 4,795,334 shares in the company, valued at approximately $43,158,006. The trade was a 43.88 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 3.20% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have recently commented on VSAT. Cantor Fitzgerald began coverage on shares of Viasat in a report on Friday, January 24th. They set a "neutral" rating and a $12.00 price target for the company. Barclays lifted their target price on shares of Viasat from $9.00 to $10.00 and gave the stock an "equal weight" rating in a research note on Wednesday, February 26th. Needham & Company LLC reissued a "buy" rating and set a $19.00 price target on shares of Viasat in a research note on Monday, February 10th. Morgan Stanley lowered their price objective 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. Finally, 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 note on Monday, March 24th. Six equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $14.57.

Viasat Trading Up 3.4 %

VSAT stock traded up $0.29 during midday trading on Thursday, reaching $8.71. 753,713 shares of the company's stock traded hands, compared to its average volume of 3,525,212. The business has a 50-day moving average price of $9.27 and a two-hundred day moving average price of $9.42. The company has a debt-to-equity ratio of 1.35, a current ratio of 1.80 and a quick ratio of 1.60. Viasat, Inc. has a fifty-two week low of $6.69 and a fifty-two week high of $26.70. The company has a market capitalization of $1.12 billion, a P/E ratio of -2.59 and a beta of 1.06.

Viasat (NASDAQ:VSAT - Get Free Report) last issued its earnings results on Thursday, February 6th. The communications equipment provider reported ($1.23) earnings per share for the quarter, missing the consensus estimate 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 research analysts forecast 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.