Neuberger Berman Group LLC Raises Holdings in Viasat, Inc. (NASDAQ:VSAT)

Neuberger Berman Group LLC increased its position in shares of Viasat, Inc. (NASDAQ:VSAT - Free Report) by 16.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,044,364 shares of the communications equipment provider's stock after acquiring an additional 700,533 shares during the quarter. Neuberger Berman Group LLC owned about 3.93% of Viasat worth $42,912,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Steward Partners Investment Advisory LLC increased its stake in shares of Viasat by 75.3% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 2,950 shares of the communications equipment provider's stock worth $25,000 after purchasing an additional 1,267 shares during the period. National Bank of Canada FI acquired a new stake in Viasat in the third quarter valued at about $27,000. Venturi Wealth Management LLC acquired a new position in Viasat during the 4th quarter worth approximately $31,000. New Age Alpha Advisors LLC acquired a new stake in shares of Viasat during the 4th quarter valued at $35,000. Finally, AlphaQuest LLC increased its stake in shares of Viasat by 39.0% in the fourth quarter. AlphaQuest LLC now owns 4,473 shares of the communications equipment provider's stock valued at $38,000 after buying an additional 1,255 shares during the period. 86.05% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Viasat

In other news, insider Cpp Investment Board Private H sold 3,750,000 shares of the firm's stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $9.00, for a total transaction of $33,750,000.00. Following the sale, the insider now owns 4,795,334 shares of the company's stock, valued at approximately $43,158,006. This trade represents a 43.88 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 3.20% of the company's stock.

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Analyst Ratings Changes

VSAT has been the topic of a number of analyst reports. Deutsche Bank Aktiengesellschaft raised shares of Viasat from a "hold" rating to a "buy" rating and set a $15.00 price objective on the stock in a research note on Monday, March 24th. StockNews.com upgraded shares of Viasat from a "sell" rating to a "hold" rating in a research note on Friday, March 7th. Morgan Stanley cut their target price on shares of Viasat from $26.00 to $12.00 and set an "equal weight" rating for the company in a research report on Tuesday, February 4th. William Blair restated a "market perform" rating on shares of Viasat in a report on Tuesday. Finally, Needham & Company LLC reissued a "buy" rating and issued a $19.00 target price on shares of Viasat in a research note on Monday, February 10th. Six investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, Viasat presently has a consensus rating of "Hold" and an average price target of $14.57.

Viasat Stock Performance

Shares of VSAT stock traded down $0.03 on Wednesday, hitting $8.51. The company had a trading volume of 638,863 shares, compared to its average volume of 2,690,781. The company has a 50-day moving average price of $9.44 and a 200-day moving average price of $9.53. The firm has a market cap of $1.10 billion, a P/E ratio of -2.53 and a beta of 1.06. Viasat, Inc. has a twelve month low of $6.69 and a twelve month high of $26.70. The company has a quick ratio of 1.60, a current ratio of 1.80 and a debt-to-equity ratio of 1.35.

Viasat (NASDAQ:VSAT - Get Free Report) last released its earnings results on Thursday, February 6th. The communications equipment provider reported ($1.23) earnings per share 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%. As a group, equities research analysts predict that Viasat, Inc. will post -0.54 earnings per share for the current fiscal year.

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.