Viasat Inc. $VSAT Holdings Raised by Commonwealth of Pennsylvania Public School Empls Retrmt SYS

Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its stake in shares of Viasat Inc. (NASDAQ:VSAT) by 3.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 210,688 shares of the communications equipment provider’s stock after purchasing an additional 7,530 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS owned about 0.16% of Viasat worth $7,260,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Hantz Financial Services Inc. lifted its holdings in shares of Viasat by 6,815.4% during the third quarter. Hantz Financial Services Inc. now owns 899 shares of the communications equipment provider’s stock valued at $26,000 after purchasing an additional 886 shares during the last quarter. Pilgrim Partners Asia Pte Ltd purchased a new stake in shares of Viasat during the fourth quarter valued at $36,000. Danske Bank A S purchased a new stake in shares of Viasat during the fourth quarter valued at $47,000. Larson Financial Group LLC lifted its holdings in shares of Viasat by 7,380.0% during the third quarter. Larson Financial Group LLC now owns 2,244 shares of the communications equipment provider’s stock valued at $66,000 after purchasing an additional 2,214 shares during the last quarter. Finally, EverSource Wealth Advisors LLC lifted its holdings in shares of Viasat by 57.7% during the fourth quarter. EverSource Wealth Advisors LLC now owns 2,260 shares of the communications equipment provider’s stock valued at $78,000 after purchasing an additional 827 shares during the last quarter. 86.05% of the stock is owned by hedge funds and other institutional investors.

Viasat Stock Down 0.3%

NASDAQ:VSAT opened at $72.61 on Wednesday. The firm has a market capitalization of $9.92 billion, a price-to-earnings ratio of -250.38 and a beta of 1.71. Viasat Inc. has a 1-year low of $8.77 and a 1-year high of $89.79. The company has a current ratio of 2.41, a quick ratio of 2.19 and a debt-to-equity ratio of 1.35. The business’s fifty day moving average price is $62.60 and its 200 day moving average price is $48.41.

Insider Activity at Viasat

In other Viasat news, SVP Craig Andrew Miller sold 5,260 shares of the company’s stock in a transaction dated Tuesday, March 17th. The stock was sold at an average price of $50.00, for a total value of $263,000.00. Following the transaction, the senior vice president directly owned 21,252 shares of the company’s stock, valued at $1,062,600. This represents a 19.84% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Robert James Blair sold 30,411 shares of the company’s stock in a transaction dated Monday, March 16th. The stock was sold at an average price of $47.04, for a total value of $1,430,533.44. Following the completion of the transaction, the senior vice president directly owned 38,108 shares in the company, valued at approximately $1,792,600.32. The trade was a 44.38% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 38,071 shares of company stock valued at $1,804,437. Company insiders own 2.20% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently commented on VSAT. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $97.00 target price on shares of Viasat in a report on Monday. Raymond James Financial set a $74.00 target price on Viasat and gave the company an “outperform” rating in a report on Friday, April 24th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Viasat in a report on Monday, April 20th. New Street Research started coverage on Viasat in a research report on Wednesday, May 13th. They set a “buy” rating and a $100.00 price target on the stock. Finally, B. Riley Financial upped their price target on Viasat from $94.00 to $106.00 and gave the company a “buy” rating in a research report on Friday, May 29th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Viasat currently has an average rating of “Moderate Buy” and an average target price of $77.13.

About Viasat

Viasat, Inc (NASDAQ: VSAT) provides high‐capacity satellite broadband and wireless communications services to consumer, commercial and government customers worldwide. The company designs and operates satellite systems and network infrastructure to deliver secure, high-speed connectivity across remote and underserved regions, as well as managed networking solutions for enterprises and public sector agencies.

Viasat’s product offerings include residential and enterprise satellite internet services, in-flight connectivity for commercial airlines and business jets, and secure networking platforms tailored to defense and intelligence users.