Quantinno Capital Management LP Has $30.70 Million Stock Holdings in Viasat Inc. $VSAT

Quantinno Capital Management LP lifted its holdings in shares of Viasat Inc. (NASDAQ:VSAT) by 390.3% during the 1st quarter, HoldingsChannel.com reports. The firm owned 670,317 shares of the communications equipment provider’s stock after buying an additional 533,608 shares during the period. Quantinno Capital Management LP’s holdings in Viasat were worth $30,701,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Disciplined Growth Investors Inc. MN boosted its holdings in Viasat by 15.8% in the second quarter. Disciplined Growth Investors Inc. MN now owns 5,845,100 shares of the communications equipment provider’s stock worth $85,338,000 after purchasing an additional 796,349 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in Viasat by 18.2% during the first quarter. Dimensional Fund Advisors LP now owns 4,789,539 shares of the communications equipment provider’s stock valued at $219,346,000 after buying an additional 738,656 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Viasat by 8.9% in the fourth quarter. Geode Capital Management LLC now owns 3,328,854 shares of the communications equipment provider’s stock worth $115,266,000 after buying an additional 273,369 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its stake in shares of Viasat by 2,821.7% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 3,222,981 shares of the communications equipment provider’s stock worth $111,065,000 after acquiring an additional 3,112,670 shares in the last quarter. Finally, Goldman Sachs Group Inc. boosted its stake in shares of Viasat by 64.9% during the 1st quarter. Goldman Sachs Group Inc. now owns 2,866,242 shares of the communications equipment provider’s stock worth $29,866,000 after acquiring an additional 1,128,338 shares in the last quarter. Institutional investors own 86.05% of the company’s stock.

Viasat Trading Down 0.9%

Viasat stock opened at $76.93 on Friday. Viasat Inc. has a 52 week low of $15.27 and a 52 week high of $93.03. The company has a debt-to-equity ratio of 1.35, a quick ratio of 2.19 and a current ratio of 2.41. The firm has a market capitalization of $10.60 billion, a PE ratio of -265.28 and a beta of 1.70. The business’s 50-day simple moving average is $72.25 and its 200-day simple moving average is $59.34.

Viasat (NASDAQ:VSAT) last announced its earnings results on Thursday, May 28th. The communications equipment provider reported ($0.02) earnings per share for the quarter, missing the consensus estimate of $0.32 by ($0.34). The business had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.20 billion. Viasat had a negative net margin of 0.73% and a positive return on equity of 1.58%. Viasat’s revenue for the quarter was up 2.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.02) EPS. Equities research analysts forecast that Viasat Inc. will post -0.39 earnings per share for the current year.

Wall Street Analyst Weigh In

VSAT has been the topic of a number of recent analyst reports. Barclays set a $49.00 price objective on Viasat in a research note on Friday, May 29th. Oppenheimer started coverage on Viasat in a research report on Monday, June 29th. They set an “outperform” rating and a $140.00 target price for the company. Zacks Research raised shares of Viasat from a “strong sell” rating to a “hold” rating in a research report on Wednesday. Raymond James Financial set a $74.00 price objective on shares of Viasat and gave the stock an “outperform” rating in a research note on Friday, April 24th. Finally, New Street Research initiated coverage on shares of Viasat in a report on Wednesday, May 13th. They set a “buy” rating and a $100.00 price objective for the company. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Viasat currently has an average rating of “Moderate Buy” and a consensus target price of $84.11.

Insider Activity at Viasat

In other news, Director Theresa Wise sold 2,500 shares of the stock in a transaction that occurred on Monday, June 8th. The stock was sold at an average price of $69.00, for a total value of $172,500.00. Following the completion of the sale, the director directly owned 11,000 shares of the company’s stock, valued at approximately $759,000. This represents a 18.52% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Mark D. Dankberg sold 400,000 shares of the stock in a transaction that occurred on Monday, June 8th. The shares were sold at an average price of $64.76, for a total value of $25,904,000.00. Following the completion of the sale, the chief executive officer directly owned 1,082,196 shares of the company’s stock, valued at $70,083,012.96. This represents a 26.99% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last quarter, insiders sold 442,803 shares of company stock valued at $28,944,520. 2.20% of the stock is owned by corporate insiders.

Viasat Profile

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.