Marshall Wace LLP Has $578,000 Holdings in Gilat Satellite Networks Ltd. (NASDAQ:GILT)

Marshall Wace LLP grew its stake in Gilat Satellite Networks Ltd. (NASDAQ:GILT - Free Report) by 410.2% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 129,259 shares of the communications equipment provider's stock after purchasing an additional 103,924 shares during the period. Marshall Wace LLP owned about 0.23% of Gilat Satellite Networks worth $578,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Wedbush Securities Inc. acquired a new stake in Gilat Satellite Networks during the second quarter worth $46,000. Harel Insurance Investments & Financial Services Ltd. bought a new stake in Gilat Satellite Networks in the second quarter valued at about $69,000. Quadrature Capital Ltd raised its position in Gilat Satellite Networks by 129.3% in the fourth quarter. Quadrature Capital Ltd now owns 28,378 shares of the communications equipment provider's stock worth $174,000 after purchasing an additional 16,004 shares in the last quarter. Y.D. More Investments Ltd bought a new position in Gilat Satellite Networks during the second quarter worth about $243,000. Finally, Tidal Investments LLC acquired a new stake in Gilat Satellite Networks during the first quarter valued at approximately $316,000. Institutional investors own 35.72% of the company's stock.

Analysts Set New Price Targets

Several brokerages recently commented on GILT. StockNews.com lowered Gilat Satellite Networks from a "strong-buy" rating to a "buy" rating in a research note on Wednesday, June 19th. William Blair assumed coverage on shares of Gilat Satellite Networks in a research report on Thursday, September 26th. They issued an "outperform" rating on the stock. Finally, Needham & Company LLC reaffirmed a "buy" rating and set a $8.50 price objective on shares of Gilat Satellite Networks in a report on Thursday, August 8th.

Gilat Satellite Networks Price Performance

Shares of GILT stock traded down $0.05 during trading hours on Thursday, hitting $4.96. 58,392 shares of the company's stock were exchanged, compared to its average volume of 193,884. The stock's 50-day moving average is $4.67 and its 200-day moving average is $4.97. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.14 and a quick ratio of 1.81. Gilat Satellite Networks Ltd. has a 52 week low of $4.04 and a 52 week high of $6.80. The stock has a market cap of $282.80 million, a price-to-earnings ratio of 12.12 and a beta of 0.59.

Gilat Satellite Networks (NASDAQ:GILT - Get Free Report) last posted its quarterly earnings results on Wednesday, August 7th. The communications equipment provider reported $0.10 earnings per share (EPS) for the quarter. The business had revenue of $76.63 million for the quarter. Gilat Satellite Networks had a return on equity of 8.23% and a net margin of 6.80%.

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.