Nuveen Asset Management LLC Lowers Stake in Viasat, Inc. (NASDAQ:VSAT)

Nuveen Asset Management LLC trimmed its stake in Viasat, Inc. (NASDAQ:VSAT – Get Rating) by 1.9% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 527,082 shares of the communications equipment provider’s stock after selling 10,456 shares during the quarter. Nuveen Asset Management LLC’s holdings in Viasat were worth $15,933,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Ronald Blue Trust Inc. purchased a new stake in Viasat in the second quarter valued at approximately $48,000. Captrust Financial Advisors grew its holdings in Viasat by 29.2% in the second quarter. Captrust Financial Advisors now owns 1,313 shares of the communications equipment provider’s stock valued at $40,000 after purchasing an additional 297 shares during the period. CI Investments Inc. grew its holdings in Viasat by 522.5% in the second quarter. CI Investments Inc. now owns 1,606 shares of the communications equipment provider’s stock valued at $49,000 after purchasing an additional 1,348 shares during the period. Lazard Asset Management LLC purchased a new stake in Viasat in the first quarter valued at approximately $85,000. Finally, Quantbot Technologies LP purchased a new stake in Viasat in the first quarter valued at approximately $168,000. 82.36% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Viasat

In other news, EVP Keven K. Lippert sold 2,700 shares of the business’s stock in a transaction on Wednesday, February 15th. The shares were sold at an average price of $35.00, for a total transaction of $94,500.00. Following the transaction, the executive vice president now directly owns 11,624 shares of the company’s stock, valued at $406,840. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Over the last three months, insiders have sold 8,400 shares of company stock valued at $280,827. Corporate insiders own 4.90% of the company’s stock.

Viasat Price Performance

NASDAQ VSAT opened at $32.61 on Monday. The company’s fifty day simple moving average is $33.91 and its 200-day simple moving average is $34.84. Viasat, Inc. has a 52 week low of $25.38 and a 52 week high of $52.72. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.47 and a quick ratio of 1.16.

Analyst Ratings Changes

VSAT has been the subject of a number of recent analyst reports. Needham & Company LLC restated a “buy” rating and issued a $44.00 target price on shares of Viasat in a report on Wednesday, February 8th. Raymond James cut shares of Viasat from an “outperform” rating to a “market perform” rating in a research report on Tuesday, November 15th. Barclays reduced their price target on shares of Viasat from $41.00 to $39.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 15th. StockNews.com cut shares of Viasat from a “hold” rating to a “sell” rating in a research report on Tuesday, November 15th. Finally, Morgan Stanley lifted their price target on shares of Viasat from $36.00 to $37.00 and gave the company an “equal weight” rating in a research report on Tuesday, February 7th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, Viasat has a consensus rating of “Hold” and a consensus price target of $53.60.

About Viasat

(Get Rating)

ViaSat, Inc provides communications technologies and services. It operates through following segments: Satellite Services, Commercial Networks and Government Systems. The Satellite Services segment provides satellite-based high-speed broadband services with multiple applications to consumers, enterprises, and mobile broadband customers (including commercial airlines and maritime vessels) both in the United States and abroad.