Swiss National Bank Has $4.33 Million Stock Holdings in Viasat, Inc. (NASDAQ:VSAT)

Swiss National Bank boosted its holdings in shares of Viasat, Inc. (NASDAQ:VSAT – Get Rating) by 3.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 136,824 shares of the communications equipment provider’s stock after buying an additional 4,500 shares during the period. Swiss National Bank’s holdings in Viasat were worth $4,330,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Captrust Financial Advisors raised its holdings in Viasat by 29.2% during the second quarter. Captrust Financial Advisors now owns 1,313 shares of the communications equipment provider’s stock worth $40,000 after buying an additional 297 shares during the last quarter. Lazard Asset Management LLC purchased a new stake in shares of Viasat in the first quarter valued at about $85,000. Quantbot Technologies LP purchased a new stake in shares of Viasat in the first quarter valued at about $168,000. Teza Capital Management LLC purchased a new stake in shares of Viasat in the third quarter valued at about $203,000. Finally, HighTower Advisors LLC purchased a new stake in shares of Viasat in the first quarter valued at about $215,000. Institutional investors and hedge funds own 82.36% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on VSAT. Needham & Company LLC reiterated a “buy” rating and issued a $44.00 target price on shares of Viasat in a report on Wednesday, February 8th. William Blair lowered shares of Viasat from an “outperform” rating to a “market perform” rating in a research report on Thursday, January 26th. Barclays reduced their price target on shares of Viasat from $41.00 to $39.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 15th. Morgan Stanley reduced their price target on shares of Viasat from $37.00 to $34.00 and set an “equal weight” rating for the company in a research report on Thursday, March 23rd. Finally, StockNews.com initiated coverage on shares of Viasat in a research report on Thursday. They set a “sell” rating for the company. One research analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $53.00.

Insider Activity at Viasat

In related news, EVP Keven K. Lippert sold 2,700 shares of the firm’s stock in a transaction that occurred on Tuesday, February 21st. The shares were sold at an average price of $33.43, for a total value of $90,261.00. Following the sale, the executive vice president now directly owns 8,924 shares of the company’s stock, valued at $298,329.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders have sold 6,272 shares of company stock valued at $207,311 over the last three months. 4.90% of the stock is owned by corporate insiders.

Viasat Price Performance

VSAT stock opened at $40.23 on Friday. The firm has a 50 day moving average of $34.88 and a 200-day moving average of $34.11. The company has a current ratio of 2.35, a quick ratio of 1.16 and a debt-to-equity ratio of 0.63. Viasat, Inc. has a 12 month low of $25.38 and a 12 month high of $44.77. The firm has a market capitalization of $3.07 billion, a P/E ratio of 2.86 and a beta of 1.27.

About Viasat

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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.