Viasat, Inc. (NASDAQ:VSAT) Shares Sold by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company lowered its stake in Viasat, Inc. (NASDAQ:VSAT) by 11.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 56,452 shares of the communications equipment provider’s stock after selling 7,204 shares during the period. The Manufacturers Life Insurance Company’s holdings in Viasat were worth $480,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the stock. Vanguard Group Inc. raised its position in shares of Viasat by 1.4% during the 4th quarter. Vanguard Group Inc. now owns 13,773,860 shares of the communications equipment provider’s stock worth $117,216,000 after acquiring an additional 194,006 shares in the last quarter. Neuberger Berman Group LLC raised its position in shares of Viasat by 16.1% during the 4th quarter. Neuberger Berman Group LLC now owns 5,044,364 shares of the communications equipment provider’s stock worth $42,912,000 after acquiring an additional 700,533 shares in the last quarter. Invesco Ltd. raised its position in shares of Viasat by 46.8% during the 4th quarter. Invesco Ltd. now owns 2,093,740 shares of the communications equipment provider’s stock worth $17,818,000 after acquiring an additional 667,564 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Viasat by 23.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,887,537 shares of the communications equipment provider’s stock worth $16,063,000 after acquiring an additional 364,072 shares in the last quarter. Finally, American Century Companies Inc. raised its position in shares of Viasat by 26.4% during the 4th quarter. American Century Companies Inc. now owns 1,229,116 shares of the communications equipment provider’s stock worth $10,460,000 after acquiring an additional 256,389 shares in the last quarter. Institutional investors and hedge funds own 86.05% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on VSAT shares. Deutsche Bank Aktiengesellschaft raised Viasat from a “hold” rating to a “buy” rating and set a $15.00 target price on the stock in a research report on Monday, March 24th. StockNews.com upgraded Viasat from a “sell” rating to a “hold” rating in a research note on Friday, March 7th. Morgan Stanley cut their price target on Viasat from $26.00 to $12.00 and set an “equal weight” rating on the stock in a research report on Tuesday, February 4th. Cantor Fitzgerald started coverage on Viasat in a research report on Friday, January 24th. They set a “neutral” rating and a $12.00 price target on the stock. Finally, William Blair reaffirmed a “market perform” rating on shares of Viasat in a research report on Tuesday, April 15th. Six investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $14.57.

Viasat Trading Down 3.7%

Shares of VSAT stock opened at $10.92 on Friday. The business’s 50 day moving average is $9.45 and its two-hundred day moving average is $9.29. Viasat, Inc. has a twelve month low of $6.69 and a twelve month high of $26.70. The company has a market capitalization of $1.41 billion, a P/E ratio of -3.25 and a beta of 1.01. The company has a current ratio of 1.80, a quick ratio of 1.60 and a debt-to-equity ratio of 1.35.

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.