MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Viasat, Inc. (NASDAQ:VSAT - Free Report) by 12.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 488,339 shares of the communications equipment provider's stock after acquiring an additional 53,255 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned 0.38% of Viasat worth $4,155,000 at the end of the most recent reporting period.
Other hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in shares of Viasat by 1.4% during the fourth quarter. Vanguard Group Inc. now owns 13,773,860 shares of the communications equipment provider's stock valued at $117,216,000 after purchasing an additional 194,006 shares in the last quarter. Neuberger Berman Group LLC boosted its stake in shares of 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 purchasing an additional 700,533 shares in the last quarter. Invesco Ltd. boosted its stake in shares of Viasat by 46.8% during the fourth quarter. Invesco Ltd. now owns 2,093,740 shares of the communications equipment provider's stock valued at $17,818,000 after purchasing an additional 667,564 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Viasat by 23.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,887,537 shares of the communications equipment provider's stock valued at $16,063,000 after purchasing an additional 364,072 shares in the last quarter. Finally, Bank of America Corp DE boosted its stake in shares of Viasat by 149.6% during 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 purchasing an additional 818,301 shares in the last quarter. 86.05% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
A number of research firms have recently issued reports on VSAT. Needham & Company LLC reiterated a "buy" rating and set a $19.00 price objective on shares of Viasat in a research note on Monday, February 10th. Barclays increased their price objective on shares of Viasat from $9.00 to $10.00 and gave the company an "equal weight" rating in a research note on Wednesday, February 26th. William Blair reiterated a "market perform" rating on shares of Viasat in a research note on Tuesday, April 15th. Cantor Fitzgerald began coverage on shares of Viasat in a research report on Friday, January 24th. They set a "neutral" rating and a $12.00 target price for the company. Finally, Morgan Stanley decreased their target price on shares of Viasat from $26.00 to $12.00 and set an "equal weight" rating for the company in a research report on Tuesday, February 4th. Six research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $14.57.
View Our Latest Research Report on Viasat
Viasat Trading Down 1.9%
NASDAQ:VSAT opened at $10.71 on Tuesday. Viasat, Inc. has a 52 week low of $6.69 and a 52 week high of $26.70. The firm has a 50 day moving average of $9.48 and a 200 day moving average of $9.29. The company has a quick ratio of 1.60, a current ratio of 1.80 and a debt-to-equity ratio of 1.35. The stock has a market capitalization of $1.38 billion, a price-to-earnings ratio of -3.19 and a beta of 1.01.
Viasat Company Profile
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Free Report)
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.
See Also
Want to see what other hedge funds are holding VSAT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Viasat, Inc. (NASDAQ:VSAT - Free Report).
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