Viasat, Inc. (NASDAQ:VSAT) Shares Acquired by Mitsubishi UFJ Asset Management Co. Ltd.

Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in Viasat, Inc. (NASDAQ:VSAT) by 146.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 150,525 shares of the communications equipment provider’s stock after acquiring an additional 89,428 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. owned 0.12% of Viasat worth $1,367,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in VSAT. Thrivent Financial for Lutherans grew its holdings in shares of Viasat by 6.1% during the 3rd quarter. Thrivent Financial for Lutherans now owns 66,227 shares of the communications equipment provider’s stock worth $791,000 after purchasing an additional 3,807 shares during the period. Intech Investment Management LLC purchased a new stake in Viasat during the 3rd quarter worth approximately $322,000. Charles Schwab Investment Management Inc. raised its stake in shares of Viasat by 8.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,523,465 shares of the communications equipment provider’s stock valued at $18,190,000 after acquiring an additional 115,909 shares in the last quarter. The Manufacturers Life Insurance Company raised its position in Viasat by 2.6% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 63,656 shares of the communications equipment provider’s stock valued at $760,000 after purchasing an additional 1,584 shares in the last quarter. Finally, MetLife Investment Management LLC lifted its stake in Viasat by 129.1% in the third quarter. MetLife Investment Management LLC now owns 70,082 shares of the communications equipment provider’s stock worth $837,000 after acquiring an additional 39,488 shares during the last quarter. 86.05% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on VSAT shares. Deutsche Bank Aktiengesellschaft upgraded Viasat from a “hold” rating to a “buy” rating and set a $15.00 target price for the company in a research note on Monday, March 24th. Cantor Fitzgerald began coverage on Viasat in a research report on Friday, January 24th. They set a “neutral” rating and a $12.00 price target on the stock. Needham & Company LLC reaffirmed a “buy” rating and issued a $19.00 target price on shares of Viasat in a report on Monday, February 10th. Barclays boosted their price target on Viasat from $9.00 to $10.00 and gave the company an “equal weight” rating in a research report on Wednesday, February 26th. Finally, StockNews.com raised Viasat from a “sell” rating to a “hold” rating in a research report on Friday, March 7th. Six analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $14.57.

Insider Activity

In other Viasat news, insider Cpp Investment Board Private H sold 3,750,000 shares of the business’s stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $9.00, for a total transaction of $33,750,000.00. Following the completion of the sale, the insider now owns 4,795,334 shares of the company’s stock, valued at approximately $43,158,006. The trade was a 43.88 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 3.20% of the company’s stock.

Viasat Stock Performance

NASDAQ VSAT opened at $9.84 on Wednesday. The business’s 50-day moving average price is $9.77 and its 200 day moving average price is $9.83. The company has a current ratio of 1.80, a quick ratio of 1.60 and a debt-to-equity ratio of 1.35. Viasat, Inc. has a twelve month low of $6.69 and a twelve month high of $26.70. The company has a market capitalization of $1.27 billion, a PE ratio of -2.93 and a beta of 1.38.

Viasat (NASDAQ:VSAT) last released its earnings results on Thursday, February 6th. The communications equipment provider reported ($1.23) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.53) by ($0.70). Viasat had a negative net margin of 9.49% and a negative return on equity of 8.37%. On average, research analysts predict that Viasat, Inc. will post -0.54 earnings per share for the current year.

About Viasat

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.