State of Wyoming Has $659,000 Stock Position in Viasat Inc. $VSAT

State of Wyoming lessened its position in shares of Viasat Inc. (NASDAQ:VSAT) by 39.6% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 14,383 shares of the communications equipment provider’s stock after selling 9,447 shares during the quarter. State of Wyoming’s holdings in Viasat were worth $659,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the company. Cetera Investment Advisers raised its holdings in Viasat by 2.6% during the 1st quarter. Cetera Investment Advisers now owns 8,605 shares of the communications equipment provider’s stock worth $394,000 after purchasing an additional 217 shares during the last quarter. Vise Technologies Inc. boosted its stake in shares of Viasat by 4.8% in the 4th quarter. Vise Technologies Inc. now owns 7,446 shares of the communications equipment provider’s stock valued at $257,000 after purchasing an additional 342 shares during the last quarter. CWM LLC grew its position in shares of Viasat by 1.8% during the 4th quarter. CWM LLC now owns 19,360 shares of the communications equipment provider’s stock worth $667,000 after buying an additional 349 shares during the period. State of Tennessee Department of Treasury raised its stake in shares of Viasat by 0.8% during the fourth quarter. State of Tennessee Department of Treasury now owns 46,952 shares of the communications equipment provider’s stock worth $1,618,000 after buying an additional 350 shares during the last quarter. Finally, Victory Capital Management Inc. raised its stake in shares of Viasat by 1.9% during the third quarter. Victory Capital Management Inc. now owns 19,145 shares of the communications equipment provider’s stock worth $561,000 after buying an additional 361 shares during the last quarter. Institutional investors own 86.05% of the company’s stock.

Insiders Place Their Bets

In other Viasat news, CFO Garrett L. Chase sold 4,000 shares of Viasat stock in a transaction dated Monday, June 22nd. The stock was sold at an average price of $62.41, for a total transaction of $249,640.00. Following the transaction, the chief financial officer directly owned 34,239 shares in the company, valued at approximately $2,136,855.99. The trade was a 10.46% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Richard A. Baldridge sold 27,122 shares of the business’s stock in a transaction dated Wednesday, June 3rd. The shares were sold at an average price of $71.74, for a total value of $1,945,732.28. Following the completion of the transaction, the director directly owned 213,355 shares of the company’s stock, valued at approximately $15,306,087.70. The trade was a 11.28% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 438,803 shares of company stock worth $28,655,600 over the last 90 days. 2.20% of the stock is currently owned by corporate insiders.

Viasat Stock Down 0.1%

Shares of NASDAQ VSAT opened at $74.27 on Friday. The stock has a market cap of $10.14 billion, a P/E ratio of -256.10 and a beta of 1.70. The firm has a 50 day moving average price of $72.00 and a 200 day moving average price of $58.02. The company has a debt-to-equity ratio of 1.35, a quick ratio of 2.19 and a current ratio of 2.41. Viasat Inc. has a 52-week low of $14.11 and a 52-week high of $93.03.

Viasat (NASDAQ:VSAT) last posted its earnings results on Thursday, May 28th. The communications equipment provider reported ($0.02) earnings per share for the quarter, missing the consensus estimate of $0.32 by ($0.34). The firm had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.20 billion. Viasat had a positive return on equity of 1.58% and a negative net margin of 0.73%.The company’s revenue for the quarter was up 2.1% on a year-over-year basis. During the same quarter last year, the business posted ($0.02) earnings per share. Analysts expect that Viasat Inc. will post -0.39 EPS for the current year.

Analyst Ratings Changes

VSAT has been the topic of a number of recent research reports. Needham & Company LLC raised their price objective on shares of Viasat from $58.00 to $90.00 and gave the company a “buy” rating in a research note on Monday, June 1st. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $97.00 price target on shares of Viasat in a research report on Monday, June 1st. New Street Research initiated coverage on Viasat in a research note on Wednesday, May 13th. They set a “buy” rating and a $100.00 price objective for the company. B. Riley Financial upped their price objective on Viasat from $94.00 to $106.00 and gave the company a “buy” rating in a report on Friday, May 29th. Finally, Oppenheimer started coverage on Viasat in a research note on Monday, June 29th. They issued an “outperform” rating and a $140.00 target price on the stock. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, one has given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, Viasat presently has a consensus rating of “Moderate Buy” and a consensus price target of $84.11.

Viasat Company 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.