Schwab Charles Investment Management Inc. increased its position in ViaSat, Inc. (NASDAQ:VSAT) by 3.3% in the 4th quarter, HoldingsChannel.com reports. The firm owned 398,511 shares of the communications equipment provider’s stock after buying an additional 12,564 shares during the quarter. Schwab Charles Investment Management Inc.’s holdings in ViaSat were worth $29,829,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the company. PNC Financial Services Group Inc. boosted its stake in shares of ViaSat by 9.0% in the second quarter. PNC Financial Services Group Inc. now owns 1,582 shares of the communications equipment provider’s stock valued at $105,000 after purchasing an additional 131 shares during the period. Ameritas Investment Partners Inc. boosted its stake in shares of ViaSat by 3.2% in the second quarter. Ameritas Investment Partners Inc. now owns 20,531 shares of the communications equipment provider’s stock valued at $1,359,000 after purchasing an additional 627 shares during the period. Pacer Advisors Inc. boosted its stake in shares of ViaSat by 11.5% in the third quarter. Pacer Advisors Inc. now owns 8,008 shares of the communications equipment provider’s stock valued at $515,000 after purchasing an additional 825 shares during the period. UBS Asset Management Americas Inc. boosted its stake in shares of ViaSat by 3.2% in the second quarter. UBS Asset Management Americas Inc. now owns 29,619 shares of the communications equipment provider’s stock valued at $1,961,000 after purchasing an additional 923 shares during the period. Finally, Prudential Financial Inc. boosted its stake in shares of ViaSat by 2.9% in the third quarter. Prudential Financial Inc. now owns 36,796 shares of the communications equipment provider’s stock valued at $2,367,000 after purchasing an additional 1,023 shares during the period. Institutional investors and hedge funds own 99.42% of the company’s stock.

In other ViaSat news, insider Keven K. Lippert sold 4,100 shares of the stock in a transaction on Tuesday, November 28th. The shares were sold at an average price of $72.86, for a total transaction of $298,726.00. Following the transaction, the insider now directly owns 177 shares in the company, valued at approximately $12,896.22. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director John P. Stenbit sold 800 shares of the stock in a transaction on Tuesday, January 2nd. The shares were sold at an average price of $74.86, for a total transaction of $59,888.00. Following the transaction, the director now owns 10,400 shares in the company, valued at $778,544. The disclosure for this sale can be found here. Insiders have sold a total of 18,500 shares of company stock worth $1,357,897 over the last quarter. 7.70% of the stock is currently owned by insiders.

ViaSat, Inc. (VSAT) opened at $68.36 on Tuesday. ViaSat, Inc. has a 52 week low of $57.75 and a 52 week high of $80.26. The company has a current ratio of 1.68, a quick ratio of 1.21 and a debt-to-equity ratio of 0.38. The company has a market cap of $3,930.61, a price-to-earnings ratio of -96.28 and a beta of 0.80.

ViaSat (NASDAQ:VSAT) last posted its quarterly earnings data on Thursday, February 8th. The communications equipment provider reported ($0.04) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.05) by $0.01. ViaSat had a negative net margin of 2.59% and a negative return on equity of 1.13%. The firm had revenue of $381.80 million for the quarter, compared to the consensus estimate of $392.99 million. During the same period in the prior year, the firm posted $0.29 EPS. The firm’s revenue was up .3% compared to the same quarter last year. equities research analysts predict that ViaSat, Inc. will post -0.98 earnings per share for the current fiscal year.

VSAT has been the subject of several analyst reports. Zacks Investment Research upgraded shares of ViaSat from a “sell” rating to a “hold” rating in a research note on Wednesday, October 25th. B. Riley restated a “buy” rating and issued a $89.00 target price on shares of ViaSat in a research note on Thursday, November 9th. Needham & Company LLC upgraded shares of ViaSat from a “hold” rating to a “buy” rating and set a $78.00 target price for the company in a research note on Friday, November 10th. Royal Bank of Canada restated an “underperform” rating and issued a $46.00 target price (down from $48.00) on shares of ViaSat in a research note on Tuesday, November 21st. Finally, BidaskClub downgraded shares of ViaSat from a “hold” rating to a “sell” rating in a research note on Saturday, December 9th. Three research analysts have rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $74.20.

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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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