Viasat Inc. $VSAT Shares Acquired by Intech Investment Management LLC

Intech Investment Management LLC raised its position in shares of Viasat Inc. (NASDAQ:VSAT) by 581.1% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 353,100 shares of the communications equipment provider’s stock after purchasing an additional 301,257 shares during the quarter. Intech Investment Management LLC owned 0.27% of Viasat worth $3,679,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of VSAT. Northern Trust Corp boosted its holdings in shares of Viasat by 6.1% in the 4th quarter. Northern Trust Corp now owns 1,110,945 shares of the communications equipment provider’s stock valued at $9,454,000 after acquiring an additional 64,361 shares during the last quarter. Bank of America Corp DE lifted its position in Viasat by 149.6% during the fourth quarter. Bank of America Corp DE now owns 1,365,194 shares of the communications equipment provider’s stock valued at $11,618,000 after purchasing an additional 818,301 shares during the period. Captrust Financial Advisors boosted its holdings in Viasat by 72.6% in the fourth quarter. Captrust Financial Advisors now owns 39,799 shares of the communications equipment provider’s stock valued at $339,000 after purchasing an additional 16,735 shares during the last quarter. Deutsche Bank AG grew its position in Viasat by 541.6% during the 4th quarter. Deutsche Bank AG now owns 443,225 shares of the communications equipment provider’s stock worth $3,772,000 after purchasing an additional 374,147 shares during the period. Finally, Lazard Asset Management LLC purchased a new position in shares of Viasat during the 4th quarter valued at about $645,000. 86.05% of the stock is owned by hedge funds and other institutional investors.

Viasat Stock Performance

NASDAQ:VSAT opened at $30.55 on Friday. The company’s 50-day moving average is $23.13 and its two-hundred day moving average is $14.73. The firm has a market capitalization of $4.10 billion, a price-to-earnings ratio of -6.61 and a beta of 1.27. The company has a debt-to-equity ratio of 1.42, a current ratio of 2.11 and a quick ratio of 1.87. Viasat Inc. has a 1-year low of $6.69 and a 1-year high of $33.85.

Viasat (NASDAQ:VSAT) last released its quarterly earnings data on Tuesday, August 5th. The communications equipment provider reported $0.17 EPS for the quarter, beating analysts’ consensus estimates of ($0.15) by $0.32. The firm had revenue of $1.17 billion for the quarter, compared to analysts’ expectations of $1.13 billion. Viasat had a negative return on equity of 6.37% and a negative net margin of 13.11%.The firm’s quarterly revenue was up 4.0% on a year-over-year basis. During the same period in the prior year, the firm posted $0.30 earnings per share. Analysts forecast that Viasat Inc. will post -0.54 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the stock. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Viasat in a research note on Thursday, August 7th. JPMorgan Chase & Co. lifted their price objective on shares of Viasat from $10.00 to $23.00 and gave the company a “neutral” rating in a report on Wednesday, August 6th. Needham & Company LLC increased their target price on shares of Viasat from $16.00 to $25.00 and gave the stock a “buy” rating in a research note on Wednesday, August 6th. William Blair restated an “outperform” rating on shares of Viasat in a research note on Wednesday, August 27th. Finally, Wall Street Zen raised Viasat from a “strong sell” rating to a “hold” rating in a report on Saturday, August 9th. Four investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $21.13.

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.