Neuberger Berman Group LLC Sells 4,232 Shares of Viasat, Inc. (NASDAQ:VSAT)

Neuberger Berman Group LLC reduced its stake in Viasat, Inc. (NASDAQ:VSATGet Rating) by 0.4% during the 1st quarter, HoldingsChannel reports. The fund owned 1,057,271 shares of the communications equipment provider’s stock after selling 4,232 shares during the quarter. Neuberger Berman Group LLC’s holdings in Viasat were worth $51,615,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Meeder Asset Management Inc. bought a new stake in Viasat in the 1st quarter valued at $26,000. San Luis Wealth Advisors LLC bought a new stake in Viasat in the 1st quarter valued at $43,000. Pinebridge Investments L.P. acquired a new stake in Viasat in the 1st quarter valued at $69,000. Lazard Asset Management LLC acquired a new stake in Viasat in the 1st quarter valued at $85,000. Finally, NN Investment Partners Holdings N.V. acquired a new stake in Viasat in the 1st quarter valued at $102,000. 81.01% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on VSAT. Raymond James lowered their price target on shares of Viasat from $51.00 to $48.00 and set an “outperform” rating on the stock in a research note on Tuesday, August 9th. Needham & Company LLC lowered their price target on shares of Viasat from $58.00 to $44.00 and set a “buy” rating on the stock in a research note on Thursday, July 14th. TheStreet lowered shares of Viasat from a “c” rating to a “d” rating in a research note on Wednesday, May 25th. StockNews.com upgraded shares of Viasat from a “sell” rating to a “hold” rating in a research note on Wednesday, August 10th. Finally, Morgan Stanley lowered their price objective on shares of Viasat from $49.00 to $34.00 and set an “equal weight” rating on the stock in a research note on Friday, July 1st. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, Viasat has a consensus rating of “Moderate Buy” and a consensus price target of $56.50.

Viasat Stock Down 5.1 %

Viasat stock opened at $35.93 on Monday. The firm has a market capitalization of $2.71 billion, a PE ratio of -49.22 and a beta of 1.16. The company’s 50-day moving average is $34.41 and its 200-day moving average is $38.28. Viasat, Inc. has a fifty-two week low of $25.38 and a fifty-two week high of $68.76. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.55 and a quick ratio of 1.06.

Viasat Company Profile

(Get Rating)

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; community internet 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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Institutional Ownership by Quarter for Viasat (NASDAQ:VSAT)

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