Strs Ohio Sells 8,600 Shares of Viasat Inc. $VSAT

Strs Ohio lowered its position in Viasat Inc. (NASDAQ:VSAT) by 35.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 15,400 shares of the communications equipment provider’s stock after selling 8,600 shares during the quarter. Strs Ohio’s holdings in Viasat were worth $531,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Quent Capital LLC purchased a new position in shares of Viasat in the 3rd quarter valued at $25,000. Hantz Financial Services Inc. raised its position in shares of Viasat by 6,815.4% in the 3rd quarter. Hantz Financial Services Inc. now owns 899 shares of the communications equipment provider’s stock worth $26,000 after acquiring an additional 886 shares in the last quarter. Activest Wealth Management bought a new position in shares of Viasat in the 3rd quarter worth $44,000. Danske Bank A S bought a new position in shares of Viasat in the 4th quarter worth $47,000. Finally, Larson Financial Group LLC raised its position in shares of Viasat by 7,380.0% in 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 in the last quarter. Institutional investors own 86.05% of the company’s stock.

Viasat Stock Up 5.5%

Viasat stock opened at $70.01 on Friday. The company has a debt-to-equity ratio of 1.35, a current ratio of 2.13 and a quick ratio of 1.90. The stock has a market capitalization of $9.51 billion, a price-to-earnings ratio of -27.03 and a beta of 1.66. Viasat Inc. has a 1-year low of $8.61 and a 1-year high of $70.35. The business has a fifty day moving average price of $53.13 and a 200-day moving average price of $43.95.

Analysts Set New Price Targets

Several research firms have recently commented on VSAT. 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. Needham & Company LLC boosted their price target on Viasat from $45.00 to $58.00 and gave the stock a “buy” rating in a research report on Friday, March 27th. B. Riley Financial boosted their price target on Viasat from $52.00 to $94.00 and gave the stock a “buy” rating in a research report on Tuesday, April 28th. Weiss Ratings reissued a “sell (d-)” rating on shares of Viasat in a research report on Monday, April 20th. Finally, Barclays raised Viasat from an “underweight” rating to an “equal weight” rating and boosted their price target for the stock from $23.00 to $49.00 in a research report on Wednesday, April 8th. Six research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $60.57.

Insider Transactions at Viasat

In other news, SVP Robert James Blair sold 30,411 shares of the firm’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 of the company’s stock, valued at $1,792,600.32. This trade represents a 44.38% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Craig Andrew Miller sold 5,260 shares of the firm’s stock in a transaction on Tuesday, March 17th. The stock was sold at an average price of $50.00, for a total value of $263,000.00. Following the completion of the sale, the senior vice president directly owned 21,252 shares of the company’s stock, valued at $1,062,600. The trade was a 19.84% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 38,071 shares of company stock valued at $1,804,437 in the last quarter. 2.20% of the stock is currently owned by corporate insiders.

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.