Dimensional Fund Advisors LP Boosts Holdings in Viasat, Inc. (NASDAQ:VSAT)

Dimensional Fund Advisors LP boosted its stake in Viasat, Inc. (NASDAQ:VSAT - Free Report) by 19.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,095,373 shares of the communications equipment provider's stock after buying an additional 175,593 shares during the period. Dimensional Fund Advisors LP owned approximately 0.85% of Viasat worth $9,321,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in VSAT. AlphaQuest LLC grew its holdings in Viasat by 39.0% during the 4th quarter. AlphaQuest LLC now owns 4,473 shares of the communications equipment provider's stock worth $38,000 after acquiring an additional 1,255 shares in the last quarter. Steward Partners Investment Advisory LLC boosted its holdings in Viasat by 75.3% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 2,950 shares of the communications equipment provider's stock valued at $25,000 after purchasing an additional 1,267 shares in the last quarter. Arizona State Retirement System increased its stake in Viasat by 10.2% in the fourth quarter. Arizona State Retirement System now owns 25,947 shares of the communications equipment provider's stock valued at $221,000 after purchasing an additional 2,391 shares during the last quarter. KBC Group NV raised its holdings in Viasat by 107.9% during the fourth quarter. KBC Group NV now owns 5,453 shares of the communications equipment provider's stock worth $46,000 after purchasing an additional 2,830 shares in the last quarter. Finally, Sterling Capital Management LLC lifted its position in shares of Viasat by 850.4% during the 4th quarter. Sterling Capital Management LLC now owns 3,963 shares of the communications equipment provider's stock worth $34,000 after buying an additional 3,546 shares during the last quarter. 86.05% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages recently commented on VSAT. Cantor Fitzgerald began coverage on shares of Viasat in a research note on Friday, January 24th. They set a "neutral" rating and a $12.00 price target on the stock. William Blair reissued a "market perform" rating on shares of Viasat in a research report on Tuesday, April 15th. Barclays lifted their price target on Viasat from $9.00 to $10.00 and gave the stock an "equal weight" rating in a research report on Wednesday, February 26th. Deutsche Bank Aktiengesellschaft raised Viasat from a "hold" rating to a "buy" rating and set a $15.00 price objective for the company in a report on Monday, March 24th. Finally, StockNews.com raised shares of Viasat from a "sell" rating to a "hold" rating in a report on Friday, March 7th. Six equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, Viasat has a consensus rating of "Hold" and a consensus price target of $14.57.

Viasat Price Performance

Shares of NASDAQ VSAT opened at $9.69 on Friday. The company has a debt-to-equity ratio of 1.35, a current ratio of 1.80 and a quick ratio of 1.60. The company has a market cap of $1.25 billion, a PE ratio of -2.88 and a beta of 1.01. The stock has a fifty day moving average price of $9.35 and a 200 day moving average price of $9.27. Viasat, Inc. has a 1-year low of $6.69 and a 1-year high of $26.70.

Insider Transactions at Viasat

In other news, insider Cpp Investment Board Private H sold 3,750,000 shares of the firm's stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $9.00, for a total value of $33,750,000.00. Following the completion of the sale, the insider now directly owns 4,795,334 shares of the company's stock, valued at $43,158,006. This trade represents a 43.88 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 3.20% of the company's stock.

Viasat Company Profile

Viasat, Inc provides broadband and communications products and services worldwide. The company's Satellite Services segment offers satellite-based fixed broadband services, including broadband internet access and voice over internet protocol services to consumers and businesses; in-flight entertainment and aviation software services to commercial airlines and private business jets; satellite-based connectivity services; mobile broadband services, including satellite-based internet services to energy offshore vessels, cruise ships, consumer ferries, and yachts; and energy services, which include ultra-secure solutions IP connectivity, bandwidth-optimized over-the-top applications, industrial internet-of-things big data enablement, and industry-leading machine learning analytics.

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