Legato Capital Management LLC Takes $568,000 Position in Viasat Inc. $VSAT

Legato Capital Management LLC bought a new stake in shares of Viasat Inc. (NASDAQ:VSAT) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 16,480 shares of the communications equipment provider’s stock, valued at approximately $568,000.

Several other large investors have also recently made changes to their positions in VSAT. Hantz Financial Services Inc. increased its position in shares of Viasat by 6,815.4% during the 3rd quarter. Hantz Financial Services Inc. now owns 899 shares of the communications equipment provider’s stock valued at $26,000 after purchasing an additional 886 shares during the last quarter. Pilgrim Partners Asia Pte Ltd purchased a new stake in shares of Viasat during the 4th quarter valued at $36,000. Activest Wealth Management purchased a new stake in shares of Viasat during the 3rd quarter valued at $44,000. Danske Bank A S purchased a new stake in Viasat in the 4th quarter worth about $47,000. Finally, Larson Financial Group LLC increased its holdings in Viasat by 7,380.0% in the 3rd quarter. Larson Financial Group LLC now owns 2,244 shares of the communications equipment provider’s stock worth $66,000 after acquiring an additional 2,214 shares during the last quarter. 86.05% of the stock is owned by hedge funds and other institutional investors.

Viasat Trading Up 9.2%

Shares of VSAT opened at $81.40 on Wednesday. The business has a 50-day moving average of $60.06 and a 200 day moving average of $47.15. Viasat Inc. has a fifty-two week low of $8.61 and a fifty-two week high of $83.25. The firm has a market cap of $11.06 billion, a P/E ratio of -31.43 and a beta of 1.66. The company has a debt-to-equity ratio of 1.35, a quick ratio of 1.90 and a current ratio of 2.13.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on VSAT. New Street Research began coverage on Viasat in a report on Wednesday, May 13th. They issued a “buy” rating and a $100.00 price objective for the company. Needham & Company LLC lifted their price objective on Viasat from $45.00 to $58.00 and gave the stock a “buy” rating in a report on Friday, March 27th. Deutsche Bank Aktiengesellschaft raised Viasat from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $36.00 to $48.00 in a report on Friday, February 6th. Raymond James Financial set a $74.00 price objective on Viasat and gave the stock an “outperform” rating in a report on Friday, April 24th. Finally, Barclays raised Viasat from an “underweight” rating to an “equal weight” rating and lifted their price objective for the stock from $23.00 to $49.00 in a report on Wednesday, April 8th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $65.50.

Insider Buying and Selling at Viasat

In other Viasat news, SVP Craig Andrew Miller sold 5,260 shares of Viasat stock in a transaction dated Tuesday, March 17th. The stock was sold at an average price of $50.00, for a total transaction of $263,000.00. Following the completion of the transaction, the senior vice president owned 21,252 shares of the company’s stock, valued at $1,062,600. The trade was a 19.84% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Robert James Blair sold 30,411 shares of Viasat stock in a transaction dated Monday, March 16th. The shares were sold at an average price of $47.04, for a total value of $1,430,533.44. Following the transaction, the senior vice president directly owned 38,108 shares of the company’s stock, valued at $1,792,600.32. The trade was a 44.38% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 38,071 shares of company stock valued at $1,804,437 in the last quarter. 2.20% of the stock is currently owned by corporate insiders.

Viasat Company Profile

Viasat, Inc (NASDAQ: VSAT) provides high‐capacity satellite broadband and wireless communications services to consumer, commercial and government customers worldwide. The company designs and operates satellite systems and network infrastructure to deliver secure, high-speed connectivity across remote and underserved regions, as well as managed networking solutions for enterprises and public sector agencies.

Viasat’s product offerings include residential and enterprise satellite internet services, in-flight connectivity for commercial airlines and business jets, and secure networking platforms tailored to defense and intelligence users.