Viasat Inc. (NASDAQ:VSAT) Shares Bought by Deutsche Bank AG

Key Points

• Deutsche Bank AG increased its stake in Viasat Inc. by 91.8%, owning approximately 850,192 shares valued at $8.86 million as of the latest SEC filing.
• Viasat reported earnings of $0.17 per share for the last quarter, outperforming analyst estimates, with revenue up 4.0% year-over-year at $1.17 billion.
• Analysts have varied ratings on Viasat, with recent upgrades resulting in a consensus "Hold" rating and an average price target of $21.13.

Deutsche Bank AG boosted its position in shares of Viasat Inc. (NASDAQ:VSAT - Free Report) by 91.8% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 850,192 shares of the communications equipment provider's stock after acquiring an additional 406,967 shares during the period. Deutsche Bank AG owned about 0.66% of Viasat worth $8,859,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in VSAT. JPMorgan Chase & Co. boosted its holdings in shares of 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 buying an additional 424,317 shares in the last quarter. Wells Fargo & Company MN boosted its stake in Viasat by 11.4% during the 4th quarter. Wells Fargo & Company MN now owns 135,732 shares of the communications equipment provider's stock worth $1,155,000 after purchasing an additional 13,843 shares during the period. Federated Hermes Inc. acquired a new stake in Viasat during the 4th quarter worth $42,000. Invesco Ltd. boosted its stake in Viasat by 46.8% during the 4th quarter. Invesco Ltd. now owns 2,093,740 shares of the communications equipment provider's stock worth $17,818,000 after purchasing an additional 667,564 shares during the period. Finally, Legal & General Group Plc boosted its stake in Viasat by 2.0% during the 4th quarter. Legal & General Group Plc now owns 246,044 shares of the communications equipment provider's stock worth $2,094,000 after purchasing an additional 4,721 shares during the period. Institutional investors and hedge funds own 86.05% of the company's stock.

Viasat Stock Down 0.9%

Viasat stock opened at $27.10 on Friday. The company has a 50-day simple moving average of $16.59 and a 200-day simple moving average of $11.88. The firm has a market capitalization of $3.64 billion, a P/E ratio of -5.87 and a beta of 1.20. The company has a debt-to-equity ratio of 1.42, a quick ratio of 1.87 and a current ratio of 2.11. Viasat Inc. has a one year low of $6.69 and a one year high of $28.59.

Viasat (NASDAQ:VSAT - Get Free Report) last announced its earnings results on Tuesday, August 5th. The communications equipment provider reported $0.17 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.15) by $0.32. Viasat had a negative net margin of 13.11% and a negative return on equity of 6.37%. The firm had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.13 billion. During the same quarter in the prior year, the firm posted $0.30 EPS. Viasat's revenue was up 4.0% compared to the same quarter last year. As a group, equities analysts expect that Viasat Inc. will post -0.54 earnings per share for the current year.

Analysts Set New Price Targets

VSAT has been the subject of a number of recent research reports. William Blair upgraded shares of Viasat from a "market perform" rating to an "outperform" rating in a research note on Monday, August 4th. Needham & Company LLC upped their price objective on Viasat from $16.00 to $25.00 and gave the stock a "buy" rating in a report on Wednesday, August 6th. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating on shares of Viasat in a report on Thursday, August 7th. B. Riley cut their price target on shares of Viasat from $56.00 to $52.00 and set a "buy" rating for the company in a report on Tuesday, May 27th. Finally, Wall Street Zen upgraded shares of Viasat from a "strong sell" rating to a "hold" rating in a report on Saturday, August 9th. Six analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $21.13.

Viasat Company 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.

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