9,946 Shares in Viasat Inc. $VSAT Acquired by Harvest Fund Management Co. Ltd

Harvest Fund Management Co. Ltd purchased a new position in shares of Viasat Inc. (NASDAQ:VSAT) in the fourth quarter, Holdings Channel.com reports. The institutional investor purchased 9,946 shares of the communications equipment provider’s stock, valued at approximately $343,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Hantz Financial Services Inc. raised its position in Viasat by 6,815.4% during the 3rd quarter. Hantz Financial Services Inc. now owns 899 shares of the communications equipment provider’s stock valued at $26,000 after purchasing an additional 886 shares in the last quarter. Pilgrim Partners Asia Pte Ltd bought a new stake in Viasat during the 4th quarter valued at $36,000. Danske Bank A S bought a new stake in Viasat during the 4th quarter valued at $47,000. Larson Financial Group LLC raised its position in Viasat by 7,380.0% during the 3rd quarter. Larson Financial Group LLC now owns 2,244 shares of the communications equipment provider’s stock valued at $66,000 after purchasing an additional 2,214 shares in the last quarter. Finally, EverSource Wealth Advisors LLC raised its position in Viasat by 57.7% during the 4th quarter. EverSource Wealth Advisors LLC now owns 2,260 shares of the communications equipment provider’s stock valued at $78,000 after purchasing an additional 827 shares in the last quarter. 86.05% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, SVP Robert James Blair sold 30,411 shares of Viasat stock in a transaction on Monday, March 16th. The stock was sold at an average price of $47.04, for a total value of $1,430,533.44. Following the transaction, the senior vice president directly owned 38,108 shares in the company, valued at approximately $1,792,600.32. This trade represents a 44.38% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Garrett L. Chase sold 4,000 shares of Viasat stock in a transaction on Wednesday, June 3rd. The shares were sold at an average price of $72.50, for a total value of $290,000.00. Following the completion of the transaction, the chief financial officer owned 38,239 shares in the company, valued at $2,772,327.50. This represents a 9.47% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 69,846 shares of company stock worth $4,087,016. Insiders own 2.20% of the company’s stock.

Viasat Trading Down 7.9%

Shares of NASDAQ:VSAT opened at $67.18 on Friday. Viasat Inc. has a 12-month low of $9.01 and a 12-month high of $89.79. The business’s fifty day simple moving average is $64.38 and its 200-day simple moving average is $49.28. The company has a market capitalization of $9.17 billion, a PE ratio of -231.66 and a beta of 1.71. The company has a current ratio of 2.41, a quick ratio of 2.19 and a debt-to-equity ratio of 1.35.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. Barclays set a $49.00 target price on Viasat in a research report on Friday, May 29th. B. Riley Financial lifted their target price on Viasat from $94.00 to $106.00 and gave the company a “buy” rating in a research report on Friday, May 29th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $97.00 target price on shares of Viasat in a research report on Monday, June 1st. New Street Research assumed coverage on Viasat in a research report on Wednesday, May 13th. They set a “buy” rating and a $100.00 target price for the company. Finally, Raymond James Financial set a $74.00 target price on Viasat and gave the company an “outperform” rating in a research report on Friday, April 24th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $77.13.

About Viasat

Viasat, Inc (NASDAQ: VSAT) provides high‐capacity satellite broadband and wireless communications services to consumer, commercial and government customers worldwide. The company designs and operates satellite systems and network infrastructure to deliver secure, high-speed connectivity across remote and underserved regions, as well as managed networking solutions for enterprises and public sector agencies.

Viasat’s product offerings include residential and enterprise satellite internet services, in-flight connectivity for commercial airlines and business jets, and secure networking platforms tailored to defense and intelligence users.