Two Sigma Advisers LP Purchases 516,700 Shares of Viasat, Inc. (NASDAQ:VSAT)

Two Sigma Advisers LP raised its stake in shares of Viasat, Inc. (NASDAQ:VSAT - Free Report) by 2,262.9% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 539,534 shares of the communications equipment provider's stock after acquiring an additional 516,700 shares during the period. Two Sigma Advisers LP owned approximately 0.42% of Viasat worth $4,591,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Steward Partners Investment Advisory LLC increased its position in shares of 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 valued at $25,000 after purchasing an additional 1,267 shares during the last quarter. Venturi Wealth Management LLC purchased a new stake in shares of Viasat during the 4th quarter valued at about $31,000. Sterling Capital Management LLC increased its position in shares of Viasat by 850.4% during the 4th quarter. Sterling Capital Management LLC now owns 3,963 shares of the communications equipment provider's stock valued at $34,000 after purchasing an additional 3,546 shares during the last quarter. New Age Alpha Advisors LLC purchased a new stake in shares of Viasat during the 4th quarter valued at about $35,000. Finally, AlphaQuest LLC increased its position 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. Institutional investors own 86.05% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. Deutsche Bank Aktiengesellschaft raised shares of Viasat from a "hold" rating to a "buy" rating and set a $15.00 price target for the company in a research report on Monday, March 24th. Barclays raised their target price 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. B. Riley lowered their target price on Viasat from $56.00 to $52.00 and set a "buy" rating for the company in a research report on Tuesday. William Blair restated a "market perform" rating on shares of Viasat in a research report on Tuesday, April 15th. Finally, Wall Street Zen upgraded Viasat from a "sell" rating to a "hold" rating in a research report on Friday, March 7th. Six analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $18.88.

Viasat Trading Down 0.1%

VSAT stock traded down $0.01 during midday trading on Wednesday, reaching $9.24. The company's stock had a trading volume of 2,311,527 shares, compared to its average volume of 2,800,988. The firm has a market capitalization of $1.19 billion, a price-to-earnings ratio of -2.75 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 1 year low of $6.69 and a 1 year high of $26.70. The stock has a fifty day simple moving average of $9.47 and a two-hundred day simple moving average of $9.28.

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.