Jupiter Topco LLC Makes New Investment in Viasat Inc. $VSAT

Jupiter Topco LLC purchased a new stake in Viasat Inc. (NASDAQ:VSAT) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 52,637 shares of the communications equipment provider’s stock, valued at approximately $4,729,000.

A number of other institutional investors and hedge funds have also modified their holdings of VSAT. Versant Capital Management Inc grew its stake in Viasat by 4.4% in the 2nd quarter. Versant Capital Management Inc now owns 4,940 shares of the communications equipment provider’s stock valued at $444,000 after buying an additional 207 shares during the last quarter. Cetera Investment Advisers lifted its position 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 acquiring an additional 217 shares during the last quarter. Elevation Wealth Partners LLC boosted its holdings in Viasat by 935.3% during the second quarter. Elevation Wealth Partners LLC now owns 352 shares of the communications equipment provider’s stock valued at $32,000 after acquiring an additional 318 shares during the period. Aberdeen Wealth Management LLC acquired a new stake in shares of Viasat in the second quarter valued at about $30,000. Finally, Vise Technologies Inc. increased its stake in shares of Viasat by 4.8% in the fourth quarter. Vise Technologies Inc. now owns 7,446 shares of the communications equipment provider’s stock worth $257,000 after purchasing an additional 342 shares during the period. 86.05% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, SVP Benjamin Edward Palmer sold 2,400 shares of the company’s stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $75.46, for a total value of $181,104.00. Following the completion of the transaction, the senior vice president directly owned 21,159 shares in the company, valued at approximately $1,596,658.14. This represents a 10.19% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Theresa Wise sold 2,500 shares of the firm’s stock in a transaction on Tuesday, August 4th. The stock was sold at an average price of $84.69, for a total value of $211,725.00. Following the completion of the transaction, the director directly owned 11,000 shares of the company’s stock, valued at approximately $931,590. This trade represents a 18.52% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 675,861 shares of company stock worth $47,705,388. 1.40% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

VSAT has been the subject of several recent analyst reports. Wall Street Zen downgraded Viasat from a “hold” rating to a “sell” rating in a research note on Saturday, August 8th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Viasat in a research report on Friday, July 17th. Needham & Company LLC increased their price objective on Viasat from $90.00 to $105.00 and gave the company a “buy” rating in a research report on Wednesday, August 5th. B. Riley Financial raised their price objective on shares of Viasat from $94.00 to $106.00 and gave the stock a “buy” rating in a research note on Friday, May 29th. Finally, Morgan Stanley set a $95.00 target price on shares of Viasat in a research report on Monday, August 10th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $90.67.

Viasat Stock Down 0.1%

VSAT stock opened at $67.27 on Tuesday. Viasat Inc. has a twelve month low of $26.10 and a twelve month high of $93.03. The company has a quick ratio of 1.52, a current ratio of 1.68 and a debt-to-equity ratio of 1.23. The company has a market cap of $9.27 billion, a PE ratio of -280.29 and a beta of 1.72. The business’s 50-day simple moving average is $75.38 and its 200 day simple moving average is $64.56.

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.