4,885 Shares in Viasat, Inc. (NASDAQ:VSAT) Bought by Federated Hermes Inc.

Federated Hermes Inc. purchased a new stake in Viasat, Inc. (NASDAQ:VSAT) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 4,885 shares of the communications equipment provider’s stock, valued at approximately $42,000.

Several other institutional investors have also added to or reduced their stakes in VSAT. JPMorgan Chase & Co. raised its position in shares of Viasat by 150.2% in the 4th quarter. JPMorgan Chase & Co. now owns 706,792 shares of the communications equipment provider’s stock valued at $6,015,000 after purchasing an additional 424,317 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Viasat by 23.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,887,537 shares of the communications equipment provider’s stock worth $16,063,000 after buying an additional 364,072 shares during the last quarter. South Dakota Investment Council lifted its stake in shares of Viasat by 98.5% during the fourth quarter. South Dakota Investment Council now owns 675,378 shares of the communications equipment provider’s stock worth $5,747,000 after buying an additional 335,082 shares during the period. American Century Companies Inc. grew its holdings in shares of Viasat by 26.4% during the fourth quarter. American Century Companies Inc. now owns 1,229,116 shares of the communications equipment provider’s stock valued at $10,460,000 after buying an additional 256,389 shares during the last quarter. Finally, Empowered Funds LLC purchased a new stake in shares of Viasat during the fourth quarter valued at $1,801,000. Institutional investors and hedge funds own 86.05% of the company’s stock.

Insiders Place Their Bets

In other Viasat news, insider Cpp Investment Board Private H sold 3,750,000 shares of the company’s stock in a transaction on Monday, February 10th. The shares were sold at an average price of $9.00, for a total transaction of $33,750,000.00. Following the completion of the transaction, the insider now directly owns 4,795,334 shares in the company, valued at approximately $43,158,006. This represents a 43.88 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 3.20% of the stock is currently owned by company insiders.

Viasat Stock Performance

VSAT opened at $8.49 on Friday. The stock has a market cap of $1.10 billion, a P/E ratio of -2.53 and a beta of 1.06. The company has a debt-to-equity ratio of 1.35, a current ratio of 1.80 and a quick ratio of 1.60. The firm has a fifty day moving average price of $9.32 and a 200 day moving average price of $9.47. Viasat, Inc. has a 1 year low of $6.69 and a 1 year high of $26.70.

Viasat (NASDAQ:VSAT) last issued its quarterly earnings data on Thursday, February 6th. The communications equipment provider reported ($1.23) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.53) by ($0.70). Viasat had a negative return on equity of 8.37% and a negative net margin of 9.49%. Equities research analysts anticipate that Viasat, Inc. will post -0.54 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts have commented on the company. Cantor Fitzgerald assumed coverage on Viasat in a research report on Friday, January 24th. They set a “neutral” rating and a $12.00 price target for the company. William Blair reiterated a “market perform” rating on shares of Viasat in a research report on Tuesday. Barclays increased their price target on shares of Viasat from $9.00 to $10.00 and gave the stock an “equal weight” rating in a report on Wednesday, February 26th. Deutsche Bank Aktiengesellschaft raised shares of Viasat from a “hold” rating to a “buy” rating and set a $15.00 price objective on the stock in a report on Monday, March 24th. Finally, Needham & Company LLC restated a “buy” rating and set a $19.00 target price on shares of Viasat in a research report on Monday, February 10th. Six investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, Viasat presently has a consensus rating of “Hold” and a consensus target price of $14.57.

About Viasat

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 and private business jets; satellite-based connectivity 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.