Integrated Quantitative Investments LLC Takes $1.11 Million Position in Viasat Inc. $VSAT

Key Points

• Integrated Quantitative Investments LLC established a new Q3 position in Viasat of 37,895 shares, valued at approximately $1.11 million.
• Large institutions boosted exposure—Dimensional Fund Advisors and American Century increased stakes to about 3.307M and 3.714M shares respectively—and institutional investors now own 86.05% of Viasat.
• Wall Street's consensus is a "Moderate Buy" (six Buy vs. two Sell, $45.86 consensus target), even as insiders have been net sellers recently, including CEO Mark Dankberg's sale of 200,000 shares.

Integrated Quantitative Investments LLC purchased a new position in Viasat Inc. (NASDAQ:VSAT - Free Report) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 37,895 shares of the communications equipment provider's stock, valued at approximately $1,110,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Dimensional Fund Advisors LP increased its stake in shares of Viasat by 43.5% in the 3rd quarter. Dimensional Fund Advisors LP now owns 3,307,187 shares of the communications equipment provider's stock worth $96,890,000 after acquiring an additional 1,002,737 shares in the last quarter. Picton Mahoney Asset Management bought a new position in Viasat in the 3rd quarter worth about $4,326,000. Victory Capital Management Inc. increased its stake in Viasat by 1.9% during the 3rd quarter. Victory Capital Management Inc. now owns 19,145 shares of the communications equipment provider's stock valued at $561,000 after purchasing an additional 361 shares in the last quarter. 111 Capital purchased a new position in Viasat in the third quarter worth about $213,000. Finally, American Century Companies Inc. lifted its stake in shares of Viasat by 38.5% in the third quarter. American Century Companies Inc. now owns 3,713,581 shares of the communications equipment provider's stock worth $108,808,000 after buying an additional 1,033,194 shares in the last quarter. Hedge funds and other institutional investors own 86.05% of the company's stock.

Viasat Stock Up 4.4%

VSAT opened at $47.84 on Thursday. The company has a current ratio of 2.13, a quick ratio of 1.90 and a debt-to-equity ratio of 1.35. The firm's 50 day simple moving average is $43.02 and its two-hundred day simple moving average is $36.79. The company has a market capitalization of $6.50 billion, a PE ratio of -18.47 and a beta of 1.44. Viasat Inc. has a 1-year low of $7.36 and a 1-year high of $50.24.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on VSAT. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Viasat in a research report on Wednesday, January 21st. Deutsche Bank Aktiengesellschaft raised Viasat from a "hold" rating to a "buy" rating and upped their price target for the company from $36.00 to $48.00 in a report on Friday, February 6th. JPMorgan Chase & Co. upgraded Viasat from a "neutral" rating to an "overweight" rating and lifted their price objective for the stock from $23.00 to $50.00 in a report on Tuesday, November 11th. Raymond James Financial upgraded shares of Viasat from a "market perform" rating to an "outperform" rating and set a $52.00 target price on the stock in a research note on Monday, November 10th. Finally, Needham & Company LLC reaffirmed a "buy" rating and set a $45.00 price target on shares of Viasat in a report on Wednesday, January 21st. Six research analysts have rated the stock with a Buy rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, Viasat presently has a consensus rating of "Moderate Buy" and a consensus price target of $45.86.

Insider Activity

In related news, CAO Camellia E. Fitzgerald sold 2,810 shares of Viasat stock in a transaction dated Wednesday, January 28th. The shares were sold at an average price of $48.00, for a total transaction of $134,880.00. Following the completion of the sale, the chief accounting officer owned 9,946 shares in the company, valued at $477,408. This trade represents a 22.03% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Mark D. Dankberg sold 200,000 shares of the firm's stock in a transaction on Monday, December 15th. The stock was sold at an average price of $35.09, for a total value of $7,018,000.00. Following the transaction, the chief executive officer owned 1,534,993 shares in the company, valued at $53,862,904.37. The trade was a 11.53% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 354,290 shares of company stock valued at $13,059,722. 2.20% of the stock is currently owned by insiders.

About Viasat

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.

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