Viasat Inc. $VSAT Stake Reduced by Intellectus Partners LLC

Intellectus Partners LLC reduced its stake in shares of Viasat Inc. (NASDAQ:VSAT) by 52.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,600 shares of the communications equipment provider’s stock after selling 8,300 shares during the quarter. Intellectus Partners LLC’s holdings in Viasat were worth $262,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Hantz Financial Services Inc. grew its stake in Viasat by 6,815.4% during the 3rd quarter. Hantz Financial Services Inc. now owns 899 shares of the communications equipment provider’s stock worth $26,000 after buying an additional 886 shares during the last quarter. Pilgrim Partners Asia Pte Ltd acquired a new position in Viasat during the 4th quarter worth $36,000. Danske Bank A S acquired a new position in Viasat during the 4th quarter worth $47,000. Larson Financial Group LLC boosted its position in Viasat by 7,380.0% during the 3rd quarter. Larson Financial Group LLC now owns 2,244 shares of the communications equipment provider’s stock worth $66,000 after acquiring an additional 2,214 shares during the period. Finally, EverSource Wealth Advisors LLC boosted its position in Viasat by 57.7% during the 4th quarter. EverSource Wealth Advisors LLC now owns 2,260 shares of the communications equipment provider’s stock worth $78,000 after acquiring an additional 827 shares during the period. 86.05% of the stock is currently owned by institutional investors.

Viasat Trading Up 4.8%

Shares of Viasat stock opened at $72.93 on Friday. The company has a quick ratio of 2.19, a current ratio of 2.41 and a debt-to-equity ratio of 1.35. The firm has a market cap of $9.96 billion, a price-to-earnings ratio of -251.48 and a beta of 1.71. The business has a fifty day simple moving average of $64.03 and a 200-day simple moving average of $49.16. Viasat Inc. has a fifty-two week low of $8.78 and a fifty-two week high of $89.79.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. Weiss Ratings reiterated a “sell (d-)” rating on shares of Viasat in a research report on Monday, April 20th. Raymond James Financial set a $74.00 price target on Viasat and gave the stock an “outperform” rating in a research report on Friday, April 24th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $97.00 price target on shares of Viasat in a research report on Monday. New Street Research assumed coverage on Viasat in a research report on Wednesday, May 13th. They set a “buy” rating and a $100.00 price target for the company. Finally, Needham & Company LLC boosted their price target on Viasat from $58.00 to $90.00 and gave the stock a “buy” rating in a research report on Monday. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $77.13.

Insider Activity

In other news, SVP Robert James Blair sold 30,411 shares of the company’s stock in a transaction on Monday, March 16th. The stock was sold at an average price of $47.04, for a total value of $1,430,533.44. Following the completion of the sale, the senior vice president owned 38,108 shares in the company, valued at $1,792,600.32. This represents a 44.38% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, SVP Benjamin Edward Palmer sold 2,400 shares of the company’s stock in a transaction on Thursday, March 12th. The shares were sold at an average price of $46.21, for a total value of $110,904.00. Following the completion of the sale, the senior vice president owned 25,431 shares of the company’s stock, valued at approximately $1,175,166.51. This trade represents a 8.62% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 38,071 shares of company stock worth $1,804,437 over the last 90 days. 2.20% of the stock is currently owned by company insiders.

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.