New York State Teachers Retirement System Purchases 1,883 Shares of Viasat, Inc. (NASDAQ:VSAT)

New York State Teachers Retirement System boosted its position in shares of Viasat, Inc. (NASDAQ:VSATGet Rating) by 2.6% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 73,531 shares of the communications equipment provider’s stock after purchasing an additional 1,883 shares during the period. New York State Teachers Retirement System owned about 0.10% of Viasat worth $2,223,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in VSAT. Vanguard Group Inc. grew its stake in Viasat by 0.8% in the 1st quarter. Vanguard Group Inc. now owns 6,590,072 shares of the communications equipment provider’s stock worth $321,596,000 after acquiring an additional 55,404 shares in the last quarter. BlackRock Inc. grew its stake in Viasat by 0.6% in the 1st quarter. BlackRock Inc. now owns 6,342,218 shares of the communications equipment provider’s stock worth $309,500,000 after acquiring an additional 40,414 shares in the last quarter. State Street Corp grew its stake in Viasat by 2.1% in the 2nd quarter. State Street Corp now owns 2,098,300 shares of the communications equipment provider’s stock worth $64,271,000 after acquiring an additional 43,752 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in Viasat by 15.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,937,208 shares of the communications equipment provider’s stock worth $94,537,000 after acquiring an additional 257,085 shares in the last quarter. Finally, Ashford Capital Management Inc. grew its stake in Viasat by 0.9% in the 2nd quarter. Ashford Capital Management Inc. now owns 732,210 shares of the communications equipment provider’s stock worth $22,428,000 after acquiring an additional 6,490 shares in the last quarter. 82.36% of the stock is currently owned by institutional investors.

Insider Activity at Viasat

In related news, EVP Keven K. Lippert sold 2,750 shares of the stock in a transaction that occurred on Monday, December 5th. The shares were sold at an average price of $32.90, for a total transaction of $90,475.00. Following the completion of the sale, the executive vice president now owns 12,290 shares of the company’s stock, valued at $404,341. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders sold 3,333 shares of company stock valued at $111,765 over the last 90 days. Insiders own 4.90% of the company’s stock.

Viasat Price Performance

Shares of VSAT opened at $35.48 on Wednesday. The company has a 50 day moving average price of $33.02 and a 200-day moving average price of $34.31. Viasat, Inc. has a fifty-two week low of $25.38 and a fifty-two week high of $52.72. The stock has a market capitalization of $2.68 billion, a PE ratio of -25.16 and a beta of 1.25. The company has a debt-to-equity ratio of 1.01, a quick ratio of 1.12 and a current ratio of 1.43.

Viasat (NASDAQ:VSATGet Rating) last posted its earnings results on Tuesday, November 8th. The communications equipment provider reported ($0.97) EPS for the quarter, missing analysts’ consensus estimates of $0.22 by ($1.19). Viasat had a negative net margin of 3.81% and a negative return on equity of 4.87%. The firm had revenue of $656.68 million for the quarter, compared to analysts’ expectations of $757.08 million. Equities analysts predict that Viasat, Inc. will post -1.81 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have commented on VSAT shares. Raymond James downgraded shares of Viasat from an “outperform” rating to a “market perform” rating in a research note on Tuesday, November 15th. StockNews.com downgraded shares of Viasat from a “hold” rating to a “sell” rating in a research note on Tuesday, November 15th. Barclays lowered their price target on shares of Viasat from $47.50 to $41.00 in a research report on Monday, December 5th. Finally, Morgan Stanley upped their price target on shares of Viasat from $34.00 to $36.00 and gave the stock an “equal weight” rating in a research report on Tuesday, November 8th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $53.80.

Viasat Profile

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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; community internet 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.

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Institutional Ownership by Quarter for Viasat (NASDAQ:VSAT)

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