Nuveen Asset Management LLC Has $15.10 Million Stock Position in Viasat, Inc. (NASDAQ:VSAT)

Nuveen Asset Management LLC lowered its position in shares of Viasat, Inc. (NASDAQ:VSAT) by 8.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,774,426 shares of the communications equipment provider’s stock after selling 170,155 shares during the quarter. Nuveen Asset Management LLC owned 1.38% of Viasat worth $15,100,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. American Century Companies Inc. boosted its position in 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 during the last quarter. Everett Harris & Co. CA acquired a new position in Viasat during the 4th quarter worth approximately $1,111,000. Principal Financial Group Inc. boosted its position in Viasat by 3.2% during the 4th quarter. Principal Financial Group Inc. now owns 413,122 shares of the communications equipment provider’s stock worth $3,516,000 after acquiring an additional 12,802 shares during the last quarter. Vanguard Group Inc. boosted its position in 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 during the last quarter. Finally, Mariner LLC acquired a new position in Viasat during the 4th quarter worth approximately $682,000. Institutional investors and hedge funds own 86.05% of the company’s stock.

Viasat Stock Down 9.2%

VSAT opened at $9.15 on Monday. Viasat, Inc. has a 1-year low of $6.69 and a 1-year high of $26.70. The stock’s fifty day simple moving average is $9.49 and its 200 day simple moving average is $9.28. The company has a current ratio of 1.80, a quick ratio of 1.60 and a debt-to-equity ratio of 1.35. The stock has a market cap of $1.18 billion, a PE ratio of -2.72 and a beta of 1.01.

Wall Street Analyst Weigh In

Several research firms have recently commented on VSAT. Deutsche Bank Aktiengesellschaft raised Viasat from a “hold” rating to a “buy” rating and set a $15.00 price objective for the company in a report on Monday, March 24th. Morgan Stanley cut their price objective on Viasat from $26.00 to $12.00 and set an “equal weight” rating for the company in a report on Tuesday, February 4th. Barclays increased their price objective on Viasat from $9.00 to $10.00 and gave the company an “equal weight” rating in a report on Wednesday, February 26th. William Blair reissued a “market perform” rating on shares of Viasat in a report on Tuesday, April 15th. Finally, Wall Street Zen raised Viasat from a “sell” rating to a “hold” rating in a report on Friday, March 7th. Six investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $14.14.

Viasat Profile

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.