State of New Jersey Common Pension Fund D Has $1.84 Million Stake in Viasat, Inc. (NASDAQ:VSAT)

State of New Jersey Common Pension Fund D boosted its stake in Viasat, Inc. (NASDAQ:VSATGet Rating) by 5.5% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 60,710 shares of the communications equipment provider’s stock after buying an additional 3,180 shares during the quarter. State of New Jersey Common Pension Fund D owned approximately 0.08% of Viasat worth $1,835,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the stock. New York State Teachers Retirement System boosted its stake in Viasat by 2.6% in the 3rd quarter. New York State Teachers Retirement System now owns 73,531 shares of the communications equipment provider’s stock valued at $2,223,000 after buying an additional 1,883 shares in the last quarter. Coastal Investment Advisors Inc. bought a new position in Viasat in the 3rd quarter valued at $221,000. Van ECK Associates Corp raised its position in Viasat by 53.4% in the 3rd quarter. Van ECK Associates Corp now owns 12,148 shares of the communications equipment provider’s stock valued at $367,000 after purchasing an additional 4,230 shares during the last quarter. Texas Permanent School Fund raised its position in Viasat by 1.3% in the 3rd quarter. Texas Permanent School Fund now owns 54,275 shares of the communications equipment provider’s stock valued at $1,641,000 after purchasing an additional 687 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. raised its position in Viasat by 13.2% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 12,965 shares of the communications equipment provider’s stock valued at $392,000 after purchasing an additional 1,515 shares during the last quarter. Institutional investors and hedge funds own 82.36% of the company’s stock.

Insider Activity at Viasat

In related news, EVP Keven K. Lippert sold 2,750 shares of the company’s stock in a transaction dated Monday, December 5th. The stock was sold at an average price of $32.90, for a total value of $90,475.00. Following the completion of the sale, the executive vice president now owns 12,290 shares in the company, valued at $404,341. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Over the last quarter, insiders sold 3,333 shares of company stock worth $111,765. 4.90% of the stock is owned by insiders.

Viasat Trading Up 1.4 %

NASDAQ VSAT opened at $35.90 on Friday. The stock has a 50-day simple moving average of $33.23 and a 200 day simple moving average of $34.42. The company has a market capitalization of $2.71 billion, a PE ratio of -25.46 and a beta of 1.25. The company has a current ratio of 1.43, a quick ratio of 1.12 and a debt-to-equity ratio of 1.01. Viasat, Inc. has a 12 month low of $25.38 and a 12 month high of $52.72.

Viasat (NASDAQ:VSATGet Rating) last released its quarterly earnings data 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). The company had revenue of $656.68 million during the quarter, compared to the consensus estimate of $757.08 million. Viasat had a negative net margin of 3.81% and a negative return on equity of 4.87%. Research analysts forecast that Viasat, Inc. will post -1.81 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on VSAT. Barclays cut their price objective on Viasat from $47.50 to $41.00 in a research report on Monday, December 5th. Raymond James downgraded Viasat from an “outperform” rating to a “market perform” rating in a research report on Tuesday, November 15th. Morgan Stanley lifted their price objective on Viasat from $34.00 to $36.00 and gave the company an “equal weight” rating in a research report on Tuesday, November 8th. Finally, StockNews.com downgraded Viasat from a “hold” rating to a “sell” rating in a research report on Tuesday, November 15th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, Viasat has a consensus rating of “Hold” and an average price target of $53.80.

Viasat Company 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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