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

Deutsche Bank AG grew its stake in shares of Viasat, Inc. (NASDAQ:VSAT - Free Report) by 541.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 443,225 shares of the communications equipment provider's stock after acquiring an additional 374,147 shares during the period. Deutsche Bank AG owned about 0.35% of Viasat worth $3,772,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Bank of America Corp DE increased its holdings in shares of Viasat by 149.6% in the fourth quarter. Bank of America Corp DE now owns 1,365,194 shares of the communications equipment provider's stock valued at $11,618,000 after buying an additional 818,301 shares in the last quarter. Neuberger Berman Group LLC boosted its holdings in Viasat by 16.1% during the fourth quarter. Neuberger Berman Group LLC now owns 5,044,364 shares of the communications equipment provider's stock valued at $42,912,000 after acquiring an additional 700,533 shares during the period. Invesco Ltd. grew its position in Viasat by 46.8% during the fourth quarter. Invesco Ltd. now owns 2,093,740 shares of the communications equipment provider's stock worth $17,818,000 after buying an additional 667,564 shares in the last quarter. Bridgeway Capital Management LLC acquired a new position in shares of Viasat in the 4th quarter worth approximately $3,901,000. Finally, JPMorgan Chase & Co. raised its position in Viasat by 150.2% in the 4th quarter. JPMorgan Chase & Co. now owns 706,792 shares of the communications equipment provider's stock valued at $6,015,000 after purchasing an additional 424,317 shares during the last quarter. 86.05% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. Wall Street Zen raised shares of Viasat from a "sell" rating to a "hold" rating in a research note on Friday, March 7th. Barclays increased their price target on shares of Viasat from $9.00 to $10.00 and gave the stock an "equal weight" rating in a research report on Wednesday, February 26th. Morgan Stanley cut their price objective on Viasat from $26.00 to $12.00 and set an "equal weight" rating on the stock in a report on Tuesday, February 4th. William Blair reaffirmed a "market perform" rating on shares of Viasat in a report on Tuesday, April 15th. Finally, 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 research report on Monday, March 24th. Six investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $14.14.

Viasat Stock Down 9.2%

Shares of Viasat stock traded down $0.93 during trading on Friday, hitting $9.15. The company's stock had a trading volume of 4,066,576 shares, compared to its average volume of 2,797,933. The company has a debt-to-equity ratio of 1.35, a quick ratio of 1.60 and a current ratio of 1.80. The company has a fifty day simple moving average of $9.49 and a two-hundred day simple moving average of $9.29. Viasat, Inc. has a 52 week low of $6.69 and a 52 week high of $26.70. The company has a market capitalization of $1.18 billion, a PE ratio of -2.72 and a beta of 1.01.

About Viasat

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.