Texas Permanent School Fund boosted its stake in shares of ViaSat, Inc. (NASDAQ:VSAT) by 0.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 38,682 shares of the communications equipment provider’s stock after buying an additional 322 shares during the period. Texas Permanent School Fund owned 0.07% of ViaSat worth $2,561,000 at the end of the most recent reporting period.
Other institutional investors have also recently bought and sold shares of the company. BlackRock Inc. increased its position in ViaSat by 24,650.6% in the first quarter. BlackRock Inc. now owns 5,393,642 shares of the communications equipment provider’s stock valued at $344,224,000 after buying an additional 5,371,850 shares in the last quarter. Vanguard Group Inc. increased its position in ViaSat by 7.2% in the first quarter. Vanguard Group Inc. now owns 4,428,969 shares of the communications equipment provider’s stock valued at $282,657,000 after buying an additional 296,857 shares in the last quarter. State Street Corp increased its position in shares of ViaSat by 4.8% in the first quarter. State Street Corp now owns 1,673,931 shares of the communications equipment provider’s stock worth $106,833,000 after buying an additional 76,185 shares during the period. Clough Capital Partners L P increased its position in shares of ViaSat by 91.6% in the first quarter. Clough Capital Partners L P now owns 1,113,881 shares of the communications equipment provider’s stock worth $72,483,000 after buying an additional 532,501 shares during the period. Finally, Dimensional Fund Advisors LP increased its position in shares of ViaSat by 1.4% in the first quarter. Dimensional Fund Advisors LP now owns 860,108 shares of the communications equipment provider’s stock worth $54,891,000 after buying an additional 12,023 shares during the period. Hedge funds and other institutional investors own 94.82% of the company’s stock.
ViaSat, Inc. (NASDAQ VSAT) traded up 0.30% during midday trading on Friday, reaching $59.30. The company had a trading volume of 713,247 shares. The company has a 50-day moving average price of $64.42 and a 200-day moving average price of $65.45. The stock has a market capitalization of $3.44 billion, a price-to-earnings ratio of 256.71 and a beta of 0.68. ViaSat, Inc. has a one year low of $57.75 and a one year high of $82.19.
ViaSat (NASDAQ:VSAT) last announced its earnings results on Tuesday, August 8th. The communications equipment provider reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by $0.03. ViaSat had a return on equity of 1.21% and a net margin of 0.82%. The firm had revenue of $380 million during the quarter, compared to the consensus estimate of $384.29 million. During the same period in the prior year, the company posted $0.23 EPS. The firm’s revenue was up 4.7% on a year-over-year basis. On average, equities analysts expect that ViaSat, Inc. will post $0.05 earnings per share for the current year.
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A number of equities analysts have recently issued reports on VSAT shares. Royal Bank Of Canada set a $48.00 price objective on ViaSat and gave the stock a “sell” rating in a research report on Saturday, May 6th. B. Riley restated a “buy” rating and set a $89.00 price objective on shares of ViaSat in a research report on Friday, May 19th. Wells Fargo & Company set a $96.00 price objective on ViaSat and gave the stock a “buy” rating in a research report on Wednesday, May 24th. TheStreet upgraded ViaSat from a “c” rating to a “b-” rating in a research report on Tuesday, May 23rd. Finally, Zacks Investment Research downgraded ViaSat from a “hold” rating to a “sell” rating in a research report on Friday, May 26th. Four equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and seven have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $76.45.
In related news, Director Jeffrey M. Nash sold 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, June 7th. The stock was sold at an average price of $71.76, for a total value of $358,800.00. Following the sale, the director now owns 5,000 shares in the company, valued at approximately $358,800. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Bruce Leroy Dirks purchased 1,000 shares of the business’s stock in a transaction that occurred on Friday, August 11th. The stock was bought at an average price of $59.78 per share, for a total transaction of $59,780.00. The disclosure for this purchase can be found here. Insiders sold a total of 65,650 shares of company stock valued at $4,133,479 in the last three months. Corporate insiders own 7.70% of the company’s stock.
ViaSat Company Profile
ViaSat, Inc is engaged in broadband technologies and services. The Company operates through three segments: satellite services, commercial networks and government systems. The satellite services segment provides satellite-based broadband services to consumers, enterprises, commercial airlines and mobile broadband customers primarily in the United States.
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