Dynamic Technology Lab Private Ltd purchased a new stake in shares of ViaSat, Inc. (NASDAQ:VSAT) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 7,382 shares of the communications equipment provider’s stock, valued at approximately $489,000.

Several other hedge funds have also recently bought and sold shares of the stock. World Asset Management Inc raised its position in shares of ViaSat by 1.7% during the 2nd quarter. World Asset Management Inc now owns 3,279 shares of the communications equipment provider’s stock valued at $217,000 after acquiring an additional 56 shares in the last quarter. CrestPoint Capital Management LLC raised its position in shares of ViaSat by 0.8% during the 2nd quarter. CrestPoint Capital Management LLC now owns 12,500 shares of the communications equipment provider’s stock valued at $827,000 after acquiring an additional 100 shares in the last quarter. PNC Financial Services Group Inc. raised its position in shares of ViaSat by 9.0% during the 2nd quarter. PNC Financial Services Group Inc. now owns 1,582 shares of the communications equipment provider’s stock valued at $105,000 after acquiring an additional 131 shares in the last quarter. Teacher Retirement System of Texas raised its position in shares of ViaSat by 4.0% during the 2nd quarter. Teacher Retirement System of Texas now owns 4,392 shares of the communications equipment provider’s stock valued at $291,000 after acquiring an additional 169 shares in the last quarter. Finally, Bronfman E.L. Rothschild L.P. raised its position in shares of ViaSat by 5.7% during the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 3,495 shares of the communications equipment provider’s stock valued at $231,000 after acquiring an additional 190 shares in the last quarter. 99.42% of the stock is currently owned by institutional investors and hedge funds.

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Several equities research analysts recently issued reports on the company. B. Riley reissued a “buy” rating and set a $89.00 price target on shares of ViaSat in a research report on Sunday, August 13th. TheStreet lowered ViaSat from a “b-” rating to a “c” rating in a research report on Wednesday, August 9th. Zacks Investment Research lowered ViaSat from a “hold” rating to a “sell” rating in a research report on Friday, August 11th. Royal Bank Of Canada set a $50.00 price target on ViaSat and gave the company a “sell” rating in a research report on Tuesday, August 15th. Finally, Barclays PLC reissued an “equal weight” rating and set a $80.00 price target (down from $82.00) on shares of ViaSat in a research report on Monday, July 10th. Four analysts have rated the stock with a sell rating, five have assigned a hold rating and seven have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $73.70.

In other news, CEO Mark D. Dankberg sold 28,500 shares of the business’s stock in a transaction on Monday, September 11th. The stock was sold at an average price of $60.12, for a total transaction of $1,713,420.00. Following the completion of the sale, the chief executive officer now owns 28,500 shares in the company, valued at $1,713,420. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director John P. Stenbit sold 700 shares of the business’s stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $66.20, for a total value of $46,340.00. Following the sale, the director now owns 8,700 shares of the company’s stock, valued at approximately $575,940. The disclosure for this sale can be found here. In the last quarter, insiders sold 179,350 shares of company stock valued at $11,258,137. Corporate insiders own 7.70% of the company’s stock.

Shares of ViaSat, Inc. (NASDAQ:VSAT) opened at 64.76 on Monday. The firm has a 50-day moving average price of $63.45 and a 200 day moving average price of $64.58. ViaSat, Inc. has a 12 month low of $57.75 and a 12 month high of $82.19. The firm has a market capitalization of $3.76 billion, a price-to-earnings ratio of 280.35 and a beta of 0.71.

ViaSat (NASDAQ:VSAT) last issued its quarterly earnings data on Tuesday, August 8th. The communications equipment provider reported $0.04 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.07 by ($0.03). ViaSat had a net margin of 0.82% and a return on equity of 1.21%. The business had revenue of $380.00 million during the quarter, compared to the consensus estimate of $384.29 million. During the same quarter in the previous year, the firm posted $0.23 EPS. The company’s revenue for the quarter was up 4.7% compared to the same quarter last year. On average, analysts anticipate that ViaSat, Inc. will post $0.05 EPS for the current fiscal year.

ViaSat Profile

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.

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Institutional Ownership by Quarter for ViaSat (NASDAQ:VSAT)

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