UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Purchases 13,027 Shares of Viasat Inc. $VSAT

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Viasat Inc. (NASDAQ:VSAT) by 5.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 264,158 shares of the communications equipment provider’s stock after purchasing an additional 13,027 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.19% of Viasat worth $23,724,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of VSAT. Versant Capital Management Inc lifted its position in Viasat by 4.4% in the second quarter. Versant Capital Management Inc now owns 4,940 shares of the communications equipment provider’s stock worth $444,000 after purchasing an additional 207 shares during the period. Cetera Investment Advisers boosted its stake in Viasat by 2.6% during the first quarter. Cetera Investment Advisers now owns 8,605 shares of the communications equipment provider’s stock worth $394,000 after buying an additional 217 shares in the last quarter. Elevation Wealth Partners LLC increased its holdings in Viasat by 935.3% in the 2nd quarter. Elevation Wealth Partners LLC now owns 352 shares of the communications equipment provider’s stock valued at $32,000 after buying an additional 318 shares during the period. Aberdeen Wealth Management LLC acquired a new position in shares of Viasat in the 2nd quarter valued at $30,000. Finally, Vise Technologies Inc. raised 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 buying an additional 342 shares in the last quarter. 86.05% of the stock is currently owned by institutional investors.

Viasat Trading Up 5.0%

Shares of Viasat stock opened at $75.32 on Friday. Viasat Inc. has a 12-month low of $26.10 and a 12-month high of $93.03. The stock has a market capitalization of $10.38 billion, a P/E ratio of -313.83 and a beta of 1.70. The company has a 50-day simple moving average of $76.09 and a 200 day simple moving average of $65.11. The company has a quick ratio of 1.52, a current ratio of 1.68 and a debt-to-equity ratio of 1.23.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. Morgan Stanley set a $95.00 target price on shares of Viasat in a research report on Monday, August 10th. New Street Research initiated coverage on shares of Viasat in a research note on Wednesday, May 13th. They set a “buy” rating and a $100.00 price target for the company. Barclays set a $49.00 price objective on Viasat in a report on Friday, May 29th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $97.00 price objective on shares of Viasat in a research note on Monday, June 1st. Finally, Needham & Company LLC raised their target price on Viasat from $90.00 to $105.00 and gave the stock a “buy” rating in a research report on Wednesday, August 5th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $90.67.

Insider Activity

In other news, SVP Benjamin Palmer sold 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 1st. The shares were sold at an average price of $66.75, for a total transaction of $133,500.00. Following the completion of the sale, the senior vice president owned 30,087 shares of the company’s stock, valued at approximately $2,008,307.25. This trade represents a 6.23% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Theresa Wise sold 2,500 shares of the firm’s stock in a transaction that occurred on Tuesday, August 4th. The stock was sold at an average price of $84.69, for a total transaction of $211,725.00. Following the sale, the director directly owned 11,000 shares of the company’s stock, valued at approximately $931,590. The trade was a 18.52% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 646,791 shares of company stock valued at $45,603,368. Corporate insiders own 1.40% of the company’s stock.

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.