Public Sector Pension Investment Board Has $15.35 Million Stock Holdings in Viasat Inc. $VSAT

Public Sector Pension Investment Board increased its position in Viasat Inc. (NASDAQ:VSAT) by 80.5% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 523,704 shares of the communications equipment provider’s stock after purchasing an additional 233,507 shares during the quarter. Public Sector Pension Investment Board’s holdings in Viasat were worth $15,345,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the company. OCO Capital Partners L.P. increased its position in Viasat by 60.0% during the second quarter. OCO Capital Partners L.P. now owns 6,000,000 shares of the communications equipment provider’s stock worth $87,600,000 after buying an additional 2,250,000 shares during the last quarter. Disciplined Growth Investors Inc. MN lifted its position in shares of Viasat by 15.8% in the second quarter. Disciplined Growth Investors Inc. MN now owns 5,845,100 shares of the communications equipment provider’s stock valued at $85,338,000 after buying an additional 796,349 shares during the last quarter. Neuberger Berman Group LLC boosted its stake in shares of Viasat by 6.8% during the 2nd quarter. Neuberger Berman Group LLC now owns 5,541,636 shares of the communications equipment provider’s stock worth $80,908,000 after acquiring an additional 351,404 shares during the period. Goldman Sachs Group Inc. increased its holdings in shares of Viasat by 64.9% during the 1st quarter. Goldman Sachs Group Inc. now owns 2,866,242 shares of the communications equipment provider’s stock worth $29,866,000 after acquiring an additional 1,128,338 shares during the last quarter. Finally, American Century Companies Inc. increased its holdings in shares of Viasat by 96.8% during the 2nd quarter. American Century Companies Inc. now owns 2,680,387 shares of the communications equipment provider’s stock worth $39,134,000 after acquiring an additional 1,318,524 shares during the last quarter. 86.05% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have issued reports on VSAT shares. Morgan Stanley set a $51.00 price target on Viasat in a report on Friday, January 16th. JPMorgan Chase & Co. raised shares of Viasat from a “neutral” rating to an “overweight” rating and increased their price objective for the company from $23.00 to $50.00 in a research report on Tuesday, November 11th. Deutsche Bank Aktiengesellschaft raised shares of Viasat from a “hold” rating to a “buy” rating and lifted their target price for the stock from $36.00 to $48.00 in a report on Friday, February 6th. Needham & Company LLC reiterated a “buy” rating and issued a $45.00 price target on shares of Viasat in a research note on Wednesday, January 21st. Finally, Raymond James Financial raised shares of Viasat from a “market perform” rating to an “outperform” rating and set a $52.00 price target on the stock in a report on Monday, November 10th. Six investment analysts have rated the stock with a Buy rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, Viasat has a consensus rating of “Moderate Buy” and a consensus price target of $45.86.

Insider Buying and Selling at Viasat

In other news, CEO Mark D. Dankberg sold 100,000 shares of the firm’s stock in a transaction that occurred on Tuesday, January 6th. The shares were sold at an average price of $40.34, for a total transaction of $4,034,000.00. Following the transaction, the chief executive officer directly owned 1,434,993 shares of the company’s stock, valued at approximately $57,887,617.62. This trade represents a 6.51% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Robert James Blair sold 2,269 shares of the business’s stock in a transaction that occurred on Tuesday, November 18th. The shares were sold at an average price of $35.61, for a total value of $80,799.09. Following the completion of the sale, the senior vice president owned 68,519 shares of the company’s stock, valued at approximately $2,439,961.59. This trade represents a 3.21% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 356,559 shares of company stock worth $13,140,521. 2.20% of the stock is currently owned by company insiders.

Viasat Trading Up 4.8%

Shares of Viasat stock opened at $48.85 on Friday. The company has a debt-to-equity ratio of 1.35, a quick ratio of 1.90 and a current ratio of 2.13. The firm has a 50-day moving average of $40.09 and a 200-day moving average of $34.67. Viasat Inc. has a 52-week low of $7.36 and a 52-week high of $49.68. The stock has a market cap of $6.64 billion, a PE ratio of -18.86 and a beta of 1.47.

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.