Erste Asset Management GmbH Increases Position in Viasat Inc. $VSAT

Erste Asset Management GmbH lifted its position in shares of Viasat Inc. (NASDAQ:VSAT) by 362.8% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 38,013 shares of the communications equipment provider’s stock after buying an additional 29,800 shares during the period. Erste Asset Management GmbH’s holdings in Viasat were worth $1,318,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. increased its position in shares of Viasat by 8.2% in the third quarter. Vanguard Group Inc. now owns 16,962,958 shares of the communications equipment provider’s stock worth $497,015,000 after acquiring an additional 1,289,024 shares in the last quarter. Disciplined Growth Investors Inc. MN increased its position in shares of Viasat by 15.8% in the second quarter. Disciplined Growth Investors Inc. MN now owns 5,845,100 shares of the communications equipment provider’s stock worth $85,338,000 after acquiring an additional 796,349 shares in the last quarter. American Century Companies Inc. increased its position in shares of Viasat by 38.5% in the third quarter. American Century Companies Inc. now owns 3,713,581 shares of the communications equipment provider’s stock worth $108,808,000 after acquiring an additional 1,033,194 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Viasat by 8.9% in the fourth quarter. Geode Capital Management LLC now owns 3,328,854 shares of the communications equipment provider’s stock worth $115,266,000 after acquiring an additional 273,369 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its position in shares of Viasat by 43.5% in the third quarter. Dimensional Fund Advisors LP now owns 3,307,187 shares of the communications equipment provider’s stock worth $96,890,000 after acquiring an additional 1,002,737 shares in the last quarter. Institutional investors and hedge funds own 86.05% of the company’s stock.

Insider Buying and Selling at Viasat

In other Viasat news, Director John P. Stenbit sold 653 shares of the stock in a transaction on Wednesday, June 3rd. The shares were sold at an average price of $71.74, for a total transaction of $46,846.22. Following the transaction, the director directly owned 29,597 shares in the company, valued at $2,123,288.78. This represents a 2.16% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Richard A. Baldridge sold 27,122 shares of the stock in a transaction on Wednesday, June 3rd. The shares were sold at an average price of $71.74, for a total transaction of $1,945,732.28. Following the transaction, the director owned 213,355 shares in the company, valued at $15,306,087.70. This trade represents a 11.28% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 469,946 shares of company stock worth $30,052,612. 2.20% of the stock is currently owned by insiders.

Viasat Price Performance

VSAT opened at $61.50 on Thursday. The company has a fifty day simple moving average of $65.43 and a 200 day simple moving average of $50.03. The firm has a market cap of $8.40 billion, a price-to-earnings ratio of -212.07 and a beta of 1.71. Viasat Inc. has a twelve month low of $10.31 and a twelve month 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.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on VSAT shares. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $97.00 price objective on shares of Viasat in a research report on Monday, June 1st. Raymond James Financial set a $74.00 price objective on shares of Viasat and gave the stock an “outperform” rating in a research report on Friday, April 24th. Needham & Company LLC raised their price target on shares of Viasat from $58.00 to $90.00 and gave the company a “buy” rating in a report on Monday, June 1st. B. Riley Financial raised their price target on shares of Viasat from $94.00 to $106.00 and gave the company a “buy” rating in a report on Friday, May 29th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Viasat in a report on Monday, April 20th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $77.13.

Viasat Profile

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.