Viasat Inc. (NASDAQ:VSAT) Shares Sold by South Dakota Investment Council

South Dakota Investment Council reduced its position in Viasat Inc. (NASDAQ:VSAT - Free Report) by 13.8% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 582,378 shares of the communications equipment provider's stock after selling 93,000 shares during the quarter. South Dakota Investment Council owned about 0.45% of Viasat worth $6,068,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of VSAT. Two Sigma Investments LP boosted its holdings in shares of Viasat by 538.7% in the fourth quarter. Two Sigma Investments LP now owns 1,136,675 shares of the communications equipment provider's stock valued at $9,673,000 after acquiring an additional 958,706 shares during the period. Tenzing Global Management LLC acquired a new stake in shares of Viasat during the fourth quarter worth $7,170,000. Bank of America Corp DE lifted its holdings 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 worth $11,618,000 after purchasing an additional 818,301 shares during the period. Neuberger Berman Group LLC lifted its holdings 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 worth $42,912,000 after purchasing an additional 700,533 shares during the period. Finally, Invesco Ltd. lifted its holdings 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 worth $17,818,000 after purchasing an additional 667,564 shares during the period. 86.05% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on VSAT shares. Deutsche Bank Aktiengesellschaft upped their price target on shares of Viasat from $14.00 to $16.00 and gave the stock a "buy" rating in a research note on Tuesday, June 17th. William Blair restated a "market perform" rating on shares of Viasat in a research report on Tuesday, April 15th. Needham & Company LLC dropped their price target on Viasat from $19.00 to $16.00 and set a "buy" rating for the company in a research report on Thursday, May 22nd. Finally, B. Riley dropped their price target on Viasat from $56.00 to $52.00 and set a "buy" rating for the company in a research report on Tuesday, May 27th. Six analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $19.00.

Viasat Price Performance

VSAT stock opened at $15.72 on Friday. The company has a quick ratio of 1.55, a current ratio of 1.72 and a debt-to-equity ratio of 1.41. Viasat Inc. has a 52-week low of $6.69 and a 52-week high of $26.70. The stock's 50 day moving average is $12.36 and its two-hundred day moving average is $10.40. The company has a market capitalization of $2.05 billion, a PE ratio of -3.53 and a beta of 1.17.

About Viasat

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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