Gilat Satellite Networks Ltd. (NASDAQ:GILT) Shares Purchased by Lbp Am Sa

LBP AM SA increased its holdings in shares of Gilat Satellite Networks Ltd. (NASDAQ:GILT - Free Report) by 83.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 347,268 shares of the communications equipment provider's stock after purchasing an additional 158,468 shares during the quarter. LBP AM SA owned approximately 0.61% of Gilat Satellite Networks worth $2,136,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the business. Tidal Investments LLC grew its position in shares of Gilat Satellite Networks by 4.6% during the third quarter. Tidal Investments LLC now owns 63,621 shares of the communications equipment provider's stock worth $335,000 after purchasing an additional 2,812 shares in the last quarter. BNP Paribas Financial Markets purchased a new stake in shares of Gilat Satellite Networks during the third quarter worth about $27,000. Foundry Partners LLC grew its position in shares of Gilat Satellite Networks by 1.0% during the third quarter. Foundry Partners LLC now owns 834,230 shares of the communications equipment provider's stock worth $4,396,000 after purchasing an additional 8,045 shares in the last quarter. PDT Partners LLC grew its position in shares of Gilat Satellite Networks by 51.1% during the third quarter. PDT Partners LLC now owns 27,453 shares of the communications equipment provider's stock worth $145,000 after purchasing an additional 9,287 shares in the last quarter. Finally, Virtu Financial LLC purchased a new stake in shares of Gilat Satellite Networks during the third quarter worth about $61,000. Hedge funds and other institutional investors own 35.72% of the company's stock.

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Analysts Set New Price Targets

A number of equities analysts recently commented on GILT shares. StockNews.com lowered Gilat Satellite Networks from a "strong-buy" rating to a "buy" rating in a research note on Friday, March 7th. Needham & Company LLC reissued a "buy" rating and set a $8.50 price target on shares of Gilat Satellite Networks in a research note on Wednesday, February 26th.

Gilat Satellite Networks Price Performance

Gilat Satellite Networks stock traded down $0.09 during midday trading on Wednesday, reaching $6.79. 82,884 shares of the stock traded hands, compared to its average volume of 468,439. The stock's fifty day moving average is $7.03 and its 200-day moving average is $5.93. Gilat Satellite Networks Ltd. has a 12 month low of $4.04 and a 12 month high of $8.05. The stock has a market cap of $386.86 million, a P/E ratio of 15.42 and a beta of 0.62. The company has a quick ratio of 2.14, a current ratio of 2.52 and a debt-to-equity ratio of 0.01.

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

Gilat Satellite Networks Company Profile

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.