State of Wyoming Sells 9,031 Shares of Viasat Inc. $VSAT

State of Wyoming lessened its position in Viasat Inc. (NASDAQ:VSAT) by 27.5% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 23,830 shares of the communications equipment provider’s stock after selling 9,031 shares during the period. State of Wyoming’s holdings in Viasat were worth $821,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of VSAT. Hantz Financial Services Inc. increased its stake in Viasat by 6,815.4% in the third 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 in the last quarter. Pilgrim Partners Asia Pte Ltd bought a new stake in Viasat in the fourth quarter valued at approximately $36,000. Danske Bank A S bought a new stake in Viasat in the fourth quarter valued at approximately $47,000. Larson Financial Group LLC increased its stake in Viasat by 7,380.0% in the third quarter. Larson Financial Group LLC now owns 2,244 shares of the communications equipment provider’s stock valued at $66,000 after purchasing an additional 2,214 shares in the last quarter. Finally, EverSource Wealth Advisors LLC increased its stake in Viasat by 57.7% in the fourth quarter. EverSource Wealth Advisors LLC now owns 2,260 shares of the communications equipment provider’s stock valued at $78,000 after purchasing an additional 827 shares in the last quarter. Institutional investors own 86.05% of the company’s stock.

Insider Buying and Selling

In related news, SVP Robert James Blair sold 30,411 shares of the stock in a transaction on Monday, March 16th. The shares were sold at an average price of $47.04, for a total transaction of $1,430,533.44. Following the completion of the transaction, the senior vice president owned 38,108 shares in the company, valued at approximately $1,792,600.32. This represents a 44.38% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Benjamin Edward Palmer sold 2,400 shares of the stock in a transaction on Thursday, March 12th. The stock was sold at an average price of $46.21, for a total transaction of $110,904.00. Following the transaction, the senior vice president owned 25,431 shares of the company’s stock, valued at $1,175,166.51. The trade was a 8.62% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 38,071 shares of company stock worth $1,804,437. 2.20% of the stock is owned by insiders.

Analyst Ratings Changes

Several research analysts have recently weighed in on VSAT shares. B. Riley Financial upped their price target on shares of Viasat from $94.00 to $106.00 and gave the company a “buy” rating in a report on Friday, May 29th. New Street Research started coverage on shares of Viasat in a report on Wednesday, May 13th. They issued a “buy” rating and a $100.00 price target for the company. Raymond James Financial set a $74.00 price target on shares of Viasat and gave the company an “outperform” rating in a report on Friday, April 24th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $97.00 price target on shares of Viasat in a report on Monday. Finally, Barclays set a $49.00 price target on shares of Viasat in a report on Friday, May 29th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $77.13.

Viasat Stock Up 4.8%

Viasat stock opened at $72.93 on Friday. The stock has a market capitalization of $9.96 billion, a PE ratio of -251.48 and a beta of 1.71. Viasat Inc. has a twelve month low of $8.78 and a twelve month high of $89.79. The company has a quick ratio of 2.19, a current ratio of 2.41 and a debt-to-equity ratio of 1.35. The company has a 50 day moving average of $64.03 and a 200-day moving average of $49.16.

Viasat 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.