41,476 Shares in Viasat Inc. $VSAT Purchased by Mitsubishi UFJ Trust & Banking Corp

Mitsubishi UFJ Trust & Banking Corp acquired a new stake in Viasat Inc. (NASDAQ:VSAT) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 41,476 shares of the communications equipment provider’s stock, valued at approximately $1,215,000.

A number of other large investors also recently bought and sold shares of the company. GAMMA Investing LLC increased its holdings in shares of Viasat by 15.9% in the 3rd quarter. GAMMA Investing LLC now owns 2,387 shares of the communications equipment provider’s stock valued at $70,000 after acquiring an additional 327 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings in Viasat by 5.7% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 13,370 shares of the communications equipment provider’s stock worth $418,000 after purchasing an additional 720 shares during the period. Quent Capital LLC bought a new stake in Viasat during the third quarter valued at $25,000. Salomon & Ludwin LLC acquired a new stake in shares of Viasat during the third quarter worth $28,000. Finally, Public Employees Retirement System of Ohio raised its holdings in shares of Viasat by 15.1% during the second quarter. Public Employees Retirement System of Ohio now owns 6,753 shares of the communications equipment provider’s stock worth $99,000 after purchasing an additional 888 shares during the period. Institutional investors own 86.05% of the company’s stock.

Insider Activity

In other news, SVP Robert James Blair sold 2,269 shares of the business’s stock in a transaction on Tuesday, November 18th. The stock was sold at an average price of $35.61, for a total value of $80,799.09. Following the sale, the senior vice president owned 68,519 shares of the company’s stock, valued at approximately $2,439,961.59. The trade was a 3.21% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Camellia E. Fitzgerald sold 2,810 shares of the company’s stock in a transaction on Wednesday, January 28th. The shares were sold at an average price of $48.00, for a total value of $134,880.00. Following the completion of the sale, the chief accounting officer owned 9,946 shares of the company’s stock, valued at approximately $477,408. This trade represents a 22.03% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 359,339 shares of company stock valued at $13,240,768 over the last 90 days. Corporate insiders own 2.20% of the company’s stock.

Viasat Price Performance

Shares of NASDAQ VSAT opened at $45.17 on Friday. The stock has a market cap of $6.11 billion, a P/E ratio of -11.29 and a beta of 1.39. The firm’s 50-day simple moving average is $38.12 and its 200 day simple moving average is $32.65. Viasat Inc. has a fifty-two week low of $7.36 and a fifty-two week high of $49.68. The company has a quick ratio of 1.84, a current ratio of 2.08 and a debt-to-equity ratio of 1.43.

Viasat (NASDAQ:VSAT) last released its earnings results on Saturday, November 8th. The communications equipment provider reported $0.09 EPS for the quarter, beating the consensus estimate of ($0.11) by $0.20. The firm had revenue of $1.14 billion for the quarter, compared to analysts’ expectations of $1.15 billion. Viasat had a negative net margin of 11.40% and a negative return on equity of 3.65%. Viasat’s quarterly revenue was up 2.0% on a year-over-year basis. During the same quarter last year, the company earned ($0.23) EPS. Equities analysts expect that Viasat Inc. will post -0.54 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on VSAT shares. JPMorgan Chase & Co. raised shares of Viasat from a “neutral” rating to an “overweight” rating and boosted their price objective for the company from $23.00 to $50.00 in a research report on Tuesday, November 11th. Needham & Company LLC restated a “buy” rating and issued a $45.00 target price on shares of Viasat in a research note on Wednesday, January 21st. Morgan Stanley set a $51.00 price target on Viasat in a research report on Friday, January 16th. William Blair reissued an “outperform” rating on shares of Viasat in a report on Tuesday, January 13th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Viasat in a research note on Wednesday, January 21st. Five investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, Viasat has an average rating of “Hold” and a consensus price target of $41.29.

Viasat Profile

Viasat, Inc (NASDAQ: VSAT) provides high‐capacity satellite broadband and wireless communications services to consumer, commercial and government customers worldwide. The company designs and operates satellite systems and network infrastructure to deliver secure, high-speed connectivity across remote and underserved regions, as well as managed networking solutions for enterprises and public sector agencies.

Viasat’s product offerings include residential and enterprise satellite internet services, in-flight connectivity for commercial airlines and business jets, and secure networking platforms tailored to defense and intelligence users.