Viasat, Inc. (NASDAQ:VSAT) Shares Acquired by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP grew its position in Viasat, Inc. (NASDAQ:VSAT – Get Rating) by 14.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,040,208 shares of the communications equipment provider’s stock after purchasing an additional 375,428 shares during the period. Dimensional Fund Advisors LP owned approximately 4.02% of Viasat worth $96,222,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Belpointe Asset Management LLC bought a new stake in shares of Viasat in the 4th quarter valued at approximately $29,000. Captrust Financial Advisors boosted its position in Viasat by 29.2% during the 2nd quarter. Captrust Financial Advisors now owns 1,313 shares of the communications equipment provider’s stock worth $40,000 after acquiring an additional 297 shares during the period. Lazard Asset Management LLC acquired a new position in Viasat during the 1st quarter worth $85,000. Quantbot Technologies LP acquired a new position in Viasat during the 1st quarter worth $168,000. Finally, Teza Capital Management LLC acquired a new position in Viasat during the 3rd quarter worth $203,000. 82.36% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on VSAT shares. StockNews.com began coverage on Viasat in a research report on Thursday, May 18th. They set a “sell” rating for the company. Needham & Company LLC reaffirmed a “buy” rating and set a $44.00 target price on shares of Viasat in a research report on Wednesday, February 8th. William Blair lowered Viasat from an “outperform” rating to a “market perform” rating in a research report on Thursday, January 26th. Barclays lowered their target price on Viasat from $41.00 to $39.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 15th. Finally, Morgan Stanley lowered their target price on Viasat from $37.00 to $34.00 and set an “equal weight” rating on the stock in a research note on Thursday, March 23rd. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $53.00.

Insider Buying and Selling at Viasat

In other news, EVP Keven K. Lippert sold 2,700 shares of the company’s stock in a transaction on Friday, February 24th. The shares were sold at an average price of $32.03, for a total transaction of $86,481.00. Following the completion of the transaction, the executive vice president now directly owns 6,224 shares in the company, valued at $199,354.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders sold a total of 3,572 shares of company stock worth $117,050 over the last three months. Corporate insiders own 4.90% of the company’s stock.

Viasat Trading Up 11.1 %

Viasat stock opened at $44.71 on Tuesday. Viasat, Inc. has a 52 week low of $25.38 and a 52 week high of $44.98. The stock has a market capitalization of $3.41 billion, a P/E ratio of 3.18 and a beta of 1.27. The stock has a 50-day simple moving average of $35.06 and a 200 day simple moving average of $34.11. The company has a debt-to-equity ratio of 0.63, a quick ratio of 2.07 and a current ratio of 2.35.

Viasat Company Profile

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ViaSat, Inc provides communications technologies and services. It operates through following segments: Satellite Services, Commercial Networks and Government Systems. The Satellite Services segment provides satellite-based high-speed broadband services with multiple applications to consumers, enterprises, and mobile broadband customers (including commercial airlines and maritime vessels) both in the United States and abroad.