Norges Bank acquired a new position in shares of Viasat, Inc. (NASDAQ:VSAT - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 626,513 shares of the communications equipment provider's stock, valued at approximately $17,511,000. Norges Bank owned approximately 0.50% of Viasat as of its most recent SEC filing.
Several other large investors also recently made changes to their positions in VSAT. Signaturefd LLC lifted its stake in Viasat by 303.6% in the fourth quarter. Signaturefd LLC now owns 1,009 shares of the communications equipment provider's stock valued at $28,000 after acquiring an additional 759 shares during the last quarter. GAMMA Investing LLC acquired a new position in Viasat during the fourth quarter worth approximately $37,000. Arena Capital Advisors LLC CA acquired a new position in Viasat during the fourth quarter worth approximately $151,000. CI Investments Inc. bought a new stake in Viasat in the third quarter valued at approximately $120,000. Finally, Oak Thistle LLC acquired a new stake in shares of Viasat in the fourth quarter valued at approximately $211,000. Institutional investors and hedge funds own 86.05% of the company's stock.
Viasat Stock Performance
Shares of NASDAQ:VSAT opened at $16.28 on Tuesday. The company has a debt-to-equity ratio of 1.41, a current ratio of 2.68 and a quick ratio of 2.44. The business's 50 day simple moving average is $16.81 and its 200 day simple moving average is $20.24. Viasat, Inc. has a 1 year low of $13.80 and a 1 year high of $47.00.
Analyst Ratings Changes
VSAT has been the topic of a number of research analyst reports. Deutsche Bank Aktiengesellschaft dropped their price target on Viasat from $23.00 to $22.00 and set a "hold" rating on the stock in a research note on Tuesday, May 28th. Bank of America lifted their target price on shares of Viasat from $24.00 to $28.00 and gave the stock a "buy" rating in a report on Thursday, May 30th. Needham & Company LLC lowered their price target on shares of Viasat from $35.00 to $28.00 and set a "buy" rating on the stock in a report on Wednesday, May 22nd. JPMorgan Chase & Co. reduced their price objective on Viasat from $30.00 to $23.00 and set an "overweight" rating for the company in a report on Friday. Finally, Barclays lowered their target price on Viasat from $30.00 to $28.00 and set an "equal weight" rating on the stock in a research note on Friday, February 23rd. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $27.00.
View Our Latest Analysis on Viasat
Viasat Profile
(Free Report)
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 and private business jets; satellite-based connectivity 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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