Deutsche Bank AG Boosts Position in Viasat, Inc. (NASDAQ:VSAT)

Deutsche Bank AG increased its stake in Viasat, Inc. (NASDAQ:VSAT - Free Report) by 541.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 443,225 shares of the communications equipment provider's stock after buying an additional 374,147 shares during the period. Deutsche Bank AG owned 0.35% of Viasat worth $3,772,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. 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 grew its holdings in Viasat by 75.3% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 2,950 shares of the communications equipment provider's stock worth $25,000 after acquiring an additional 1,267 shares in the last quarter. MetLife Investment Management LLC grew its holdings in Viasat by 2.9% during the 4th quarter. MetLife Investment Management LLC now owns 72,132 shares of the communications equipment provider's stock worth $614,000 after acquiring an additional 2,050 shares in the last quarter. Arizona State Retirement System grew its holdings in Viasat by 10.2% during the 4th quarter. Arizona State Retirement System now owns 25,947 shares of the communications equipment provider's stock worth $221,000 after acquiring an additional 2,391 shares in the last quarter. Finally, KBC Group NV grew its holdings in Viasat by 107.9% during the 4th quarter. KBC Group NV now owns 5,453 shares of the communications equipment provider's stock worth $46,000 after acquiring an additional 2,830 shares in the last quarter. 86.05% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts have recently weighed in on VSAT shares. Needham & Company LLC lowered their price target on shares of Viasat from $19.00 to $16.00 and set a "buy" rating on the stock in a report on Thursday. William Blair restated a "market perform" rating on shares of Viasat in a report on Tuesday, April 15th. Morgan Stanley lowered their price target on shares of Viasat from $26.00 to $12.00 and set an "equal weight" rating on the stock in a report on Tuesday, February 4th. Wall Street Zen upgraded shares of Viasat from a "sell" rating to a "hold" rating in a report on Friday, March 7th. Finally, Barclays raised their price target on shares of Viasat from $9.00 to $10.00 and gave the company an "equal weight" rating in a report on Wednesday, February 26th. Six research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $14.14.

Viasat Stock Performance

VSAT stock traded down $0.93 during trading on Monday, reaching $9.15. The company had a trading volume of 4,066,576 shares, compared to its average volume of 2,797,933. The firm has a 50-day simple moving average of $9.48 and a 200-day simple moving average of $9.28. The company has a market cap of $1.18 billion, a price-to-earnings ratio of -2.72 and a beta of 1.01. The company has a debt-to-equity ratio of 1.35, a quick ratio of 1.60 and a current ratio of 1.80. Viasat, Inc. has a twelve month low of $6.69 and a twelve month high of $26.70.

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.