Viasat, Inc. (NASDAQ:VSAT) Shares Purchased by Mitsubishi UFJ Asset Management Co. Ltd.

Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in shares of Viasat, Inc. (NASDAQ:VSAT - Free Report) by 146.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 150,525 shares of the communications equipment provider's stock after purchasing an additional 89,428 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd. owned about 0.12% of Viasat worth $1,367,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. EntryPoint Capital LLC raised its position in Viasat by 722.6% during the 4th quarter. EntryPoint Capital LLC now owns 100,108 shares of the communications equipment provider's stock worth $852,000 after buying an additional 87,939 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of Viasat by 1.4% during the fourth quarter. Vanguard Group Inc. now owns 13,773,860 shares of the communications equipment provider's stock worth $117,216,000 after acquiring an additional 194,006 shares during the period. KLP Kapitalforvaltning AS purchased a new position in Viasat during the fourth quarter worth about $130,000. American Century Companies Inc. raised its holdings in Viasat by 26.4% during the fourth 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 in the last quarter. Finally, Quantbot Technologies LP acquired a new stake in Viasat in the fourth quarter valued at about $636,000. 86.05% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have issued reports on VSAT. Barclays boosted their target price on Viasat from $9.00 to $10.00 and gave the stock an "equal weight" rating in a research report on Wednesday, February 26th. StockNews.com raised Viasat from a "sell" rating to a "hold" rating in a report on Friday, March 7th. William Blair reissued a "market perform" rating on shares of Viasat in a report on Friday, February 7th. 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 research note on Monday, March 24th. Finally, Cantor Fitzgerald started coverage on shares of Viasat in a report on Friday, January 24th. They issued a "neutral" rating and a $12.00 price target for the company. Six research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $14.57.

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Viasat Price Performance

Shares of VSAT stock traded down $1.04 during mid-day trading on Thursday, reaching $9.24. The stock had a trading volume of 2,237,212 shares, compared to its average volume of 2,632,584. The company has a market cap of $1.19 billion, a P/E ratio of -2.75 and a beta of 1.38. The company has a current ratio of 1.80, a quick ratio of 1.60 and a debt-to-equity ratio of 1.35. Viasat, Inc. has a 12-month low of $6.69 and a 12-month high of $26.70. The business has a 50-day simple moving average of $9.72 and a 200 day simple moving average of $9.83.

Viasat (NASDAQ:VSAT - Get Free Report) last posted 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 net margin of 9.49% and a negative return on equity of 8.37%. On average, sell-side analysts anticipate that Viasat, Inc. will post -0.54 earnings per share for the current year.

Insider Transactions at Viasat

In related news, insider Cpp Investment Board Private H sold 3,750,000 shares of the stock in a transaction on 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 $43,158,006. This trade represents a 43.88 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 3.20% of the company's stock.

Viasat 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.