Leonteq Securities AG Makes New $512,000 Investment in Viasat Inc. $VSAT

Leonteq Securities AG bought a new position in Viasat Inc. (NASDAQ:VSAT) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 14,845 shares of the communications equipment provider’s stock, valued at approximately $512,000.

Several other hedge funds also recently made changes to their positions in VSAT. Vanguard Group Inc. grew its position in shares of Viasat by 8.2% in the 3rd quarter. Vanguard Group Inc. now owns 16,962,958 shares of the communications equipment provider’s stock worth $497,015,000 after acquiring an additional 1,289,024 shares in the last quarter. Millennium Management LLC boosted its position in Viasat by 673.7% during the 1st quarter. Millennium Management LLC now owns 1,386,089 shares of the communications equipment provider’s stock valued at $14,443,000 after purchasing an additional 1,206,935 shares during the period. Goldman Sachs Group Inc. boosted its position in Viasat by 64.9% during the 1st quarter. Goldman Sachs Group Inc. now owns 2,866,242 shares of the communications equipment provider’s stock valued at $29,866,000 after purchasing an additional 1,128,338 shares during the period. American Century Companies Inc. boosted its position in Viasat by 38.5% during the 3rd quarter. American Century Companies Inc. now owns 3,713,581 shares of the communications equipment provider’s stock valued at $108,808,000 after purchasing an additional 1,033,194 shares during the period. Finally, Dimensional Fund Advisors LP boosted its position in Viasat by 43.5% during the 3rd quarter. Dimensional Fund Advisors LP now owns 3,307,187 shares of the communications equipment provider’s stock valued at $96,890,000 after purchasing an additional 1,002,737 shares during the period. Institutional investors and hedge funds own 86.05% of the company’s stock.

Insiders Place Their Bets

In other news, SVP Robert James Blair sold 30,411 shares of the company’s stock in a transaction dated Monday, March 16th. The stock was sold at an average price of $47.04, for a total transaction of $1,430,533.44. Following the completion of the sale, the senior vice president owned 38,108 shares in the company, valued at approximately $1,792,600.32. This represents a 44.38% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Craig Andrew Miller sold 5,260 shares of the company’s stock in a transaction dated Tuesday, March 17th. The stock was sold at an average price of $50.00, for a total value of $263,000.00. Following the sale, the senior vice president owned 21,252 shares of the company’s stock, valued at approximately $1,062,600. This trade represents a 19.84% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 38,071 shares of company stock valued at $1,804,437 in the last three months. Insiders own 2.20% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on VSAT shares. Needham & Company LLC boosted their price objective on Viasat from $45.00 to $58.00 and gave the company a “buy” rating in a research report on Friday, March 27th. Raymond James Financial set a $74.00 price objective on Viasat and gave the company an “outperform” rating in a research report on Friday, April 24th. Deutsche Bank Aktiengesellschaft upgraded Viasat from a “hold” rating to a “buy” rating and boosted their price objective for the company from $36.00 to $48.00 in a research report on Friday, February 6th. Weiss Ratings restated a “sell (d-)” rating on shares of Viasat in a research report on Monday, April 20th. Finally, New Street Research started coverage on Viasat in a research report on Wednesday, May 13th. They set a “buy” rating and a $100.00 price objective for the company. 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 given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $65.50.

Viasat Trading Up 5.4%

Shares of Viasat stock opened at $74.56 on Friday. The company has a quick ratio of 1.90, a current ratio of 2.13 and a debt-to-equity ratio of 1.35. The firm has a market cap of $10.13 billion, a price-to-earnings ratio of -28.79 and a beta of 1.66. The business has a fifty day simple moving average of $58.79 and a 200-day simple moving average of $46.52. Viasat Inc. has a fifty-two week low of $8.61 and a fifty-two week high of $77.76.

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.