Viasat, Inc. (NASDAQ:VSAT) Shares Sold by Nuveen Asset Management LLC

Nuveen Asset Management LLC decreased its holdings in shares of Viasat, Inc. (NASDAQ:VSAT - Free Report) by 8.8% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,774,426 shares of the communications equipment provider's stock after selling 170,155 shares during the quarter. Nuveen Asset Management LLC owned 1.38% of Viasat worth $15,100,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of VSAT. Steward Partners Investment Advisory LLC increased its stake 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 worth $25,000 after purchasing an additional 1,267 shares during the period. Venturi Wealth Management LLC acquired a new stake in Viasat in the fourth quarter valued at approximately $31,000. Sterling Capital Management LLC boosted its stake in Viasat by 850.4% in the fourth quarter. Sterling Capital Management LLC now owns 3,963 shares of the communications equipment provider's stock valued at $34,000 after acquiring an additional 3,546 shares in the last quarter. New Age Alpha Advisors LLC purchased a new position in Viasat in the fourth quarter worth $35,000. Finally, AlphaQuest LLC lifted its holdings in shares of Viasat by 39.0% during the 4th quarter. AlphaQuest LLC now owns 4,473 shares of the communications equipment provider's stock valued at $38,000 after purchasing an additional 1,255 shares during the last quarter. 86.05% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

VSAT has been the topic of several recent analyst reports. Wall Street Zen raised Viasat from a "sell" rating to a "hold" rating in a research report on Friday, March 7th. Morgan Stanley dropped their target price on shares of Viasat from $26.00 to $12.00 and set an "equal weight" rating on the stock in a research report on Tuesday, February 4th. Barclays lifted their price objective on shares of Viasat from $9.00 to $10.00 and gave the stock an "equal weight" rating in a research note on Wednesday, February 26th. Needham & Company LLC reduced their target price on Viasat from $19.00 to $16.00 and set a "buy" rating for the company in a research note on Thursday, May 22nd. Finally, Deutsche Bank Aktiengesellschaft raised Viasat from a "hold" rating to a "buy" rating and set a $15.00 price objective on the stock in a report on Monday, March 24th. Six investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $18.88.

Viasat Stock Performance

Shares of VSAT stock traded down $0.20 on Friday, hitting $9.07. The company had a trading volume of 677,690 shares, compared to its average volume of 2,814,793. Viasat, Inc. has a twelve month low of $6.69 and a twelve month high of $26.70. 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 firm has a market cap of $1.18 billion, a P/E ratio of -2.69 and a beta of 1.01. The company has a 50-day moving average price of $9.42 and a 200-day moving average price of $9.29.

Viasat 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.