California Public Employees Retirement System boosted its position in ViaSat, Inc. (NASDAQ:VSAT) by 3.8% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 86,984 shares of the communications equipment provider’s stock after purchasing an additional 3,184 shares during the quarter. California Public Employees Retirement System owned approximately 0.15% of ViaSat worth $5,595,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. PNC Financial Services Group Inc. increased its holdings in ViaSat by 9.0% in the 2nd quarter. PNC Financial Services Group Inc. now owns 1,582 shares of the communications equipment provider’s stock worth $105,000 after buying an additional 131 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in ViaSat by 13.4% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,822 shares of the communications equipment provider’s stock worth $121,000 after buying an additional 216 shares in the last quarter. Virtu KCG Holdings LLC bought a new stake in ViaSat in the 2nd quarter worth about $203,000. Shelton Capital Management bought a new stake in ViaSat in the 2nd quarter worth about $206,000. Finally, Riverhead Capital Management LLC increased its holdings in ViaSat by 75.7% in the 2nd quarter. Riverhead Capital Management LLC now owns 3,162 shares of the communications equipment provider’s stock worth $209,000 after buying an additional 1,362 shares in the last quarter. Institutional investors and hedge funds own 99.42% of the company’s stock.

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In other news, Director John P. Stenbit sold 700 shares of the business’s stock in a transaction that occurred on Wednesday, November 1st. The stock was sold at an average price of $65.40, for a total transaction of $45,780.00. Following the transaction, the director now owns 10,300 shares of the company’s stock, valued at approximately $673,620. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director John P. Stenbit sold 800 shares of the business’s stock in a transaction on Tuesday, January 2nd. The shares were sold at an average price of $74.86, for a total value of $59,888.00. Following the transaction, the director now owns 10,400 shares of the company’s stock, valued at approximately $778,544. The disclosure for this sale can be found here. In the last three months, insiders have sold 20,400 shares of company stock worth $1,486,717. Corporate insiders own 7.70% of the company’s stock.

Shares of ViaSat, Inc. (NASDAQ:VSAT) opened at $76.71 on Tuesday. The company has a quick ratio of 1.71, a current ratio of 2.26 and a debt-to-equity ratio of 0.37. ViaSat, Inc. has a 12 month low of $57.75 and a 12 month high of $80.26. The stock has a market capitalization of $4,500.00, a P/E ratio of -383.55 and a beta of 0.78.

ViaSat (NASDAQ:VSAT) last released its quarterly earnings data on Wednesday, November 8th. The communications equipment provider reported $0.09 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.02 by $0.07. The business had revenue of $393.10 million for the quarter, compared to the consensus estimate of $401.83 million. ViaSat had a negative return on equity of 2.99% and a negative net margin of 3.53%. The company’s revenue was down 1.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.40 EPS. sell-side analysts expect that ViaSat, Inc. will post -0.98 earnings per share for the current year.

Several research analysts have issued reports on VSAT shares. BidaskClub raised ViaSat from a “hold” rating to a “buy” rating in a research report on Saturday, December 30th. Needham & Company LLC raised ViaSat from a “hold” rating to a “buy” rating and set a $78.00 target price on the stock in a research report on Friday, November 10th. B. Riley reissued a “buy” rating and issued a $89.00 target price on shares of ViaSat in a research report on Thursday, November 9th. Morgan Stanley started coverage on ViaSat in a research report on Friday, December 15th. They issued an “equal weight” rating and a $78.00 target price on the stock. Finally, Zacks Investment Research raised ViaSat from a “sell” rating to a “hold” rating in a research report on Wednesday, October 25th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $73.75.

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About ViaSat

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.

Institutional Ownership by Quarter for ViaSat (NASDAQ:VSAT)

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