D.A. Davidson & CO. Decreases Position in ViaSat, Inc. (VSAT)

D.A. Davidson & CO. decreased its position in shares of ViaSat, Inc. (NASDAQ:VSAT) by 2.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,960 shares of the communications equipment provider’s stock after selling 56 shares during the period. D.A. Davidson & CO.’s holdings in ViaSat were worth $129,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of VSAT. Quantbot Technologies LP acquired a new position in ViaSat during the 1st quarter worth about $105,000. PNC Financial Services Group Inc. lifted its stake in 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 worth $105,000 after acquiring an additional 131 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in ViaSat by 13.4% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,822 shares of the communications equipment provider’s stock worth $121,000 after acquiring an additional 216 shares in the last quarter. Balter Liquid Alternatives LLC acquired a new position in ViaSat during the 2nd quarter worth about $208,000. Finally, Riverhead Capital Management LLC lifted its stake in ViaSat by 75.7% during the 2nd quarter. Riverhead Capital Management LLC now owns 3,162 shares of the communications equipment provider’s stock worth $209,000 after acquiring an additional 1,362 shares in the last quarter. 99.42% of the stock is currently owned by hedge funds and other institutional investors.

In other ViaSat news, CEO Mark D. Dankberg sold 28,500 shares of the business’s stock in a transaction dated 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 transaction, the chief executive officer now owns 28,500 shares in the company, valued at $1,713,420. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director John P. Stenbit sold 700 shares of the business’s stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $64.42, for a total value of $45,094.00. Following the transaction, the director now owns 10,300 shares in the company, valued at approximately $663,526. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 177,350 shares of company stock worth $11,128,257. 7.70% of the stock is currently owned by insiders.

Several research firms recently issued reports on VSAT. B. Riley set a $89.00 target price on ViaSat and gave the stock a “buy” rating in a research note on Wednesday, June 14th. BidaskClub lowered ViaSat from a “sell” rating to a “strong sell” rating in a research note on Wednesday, June 21st. Royal Bank Of Canada decreased their target price on ViaSat from $50.00 to $48.00 and set an “underperform” rating on the stock in a research note on Thursday, October 5th. Barclays PLC reissued an “equal weight” rating and set a $80.00 target price (down previously from $82.00) on shares of ViaSat in a research note on Monday, July 10th. Finally, Zacks Investment Research lowered ViaSat from a “hold” rating to a “sell” rating in a research note on Friday, August 11th. Four investment analysts have rated the stock with a sell rating, five have issued a hold rating and seven have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $73.70.

Shares of ViaSat, Inc. (VSAT) opened at 65.00 on Wednesday. The firm has a market cap of $3.77 billion, a price-to-earnings ratio of 281.39 and a beta of 0.71. ViaSat, Inc. has a 52-week low of $57.75 and a 52-week high of $82.19. The firm has a 50-day moving average price of $62.70 and a 200-day moving average price of $64.50.

ViaSat (NASDAQ:VSAT) last issued its quarterly earnings data on Tuesday, August 8th. The communications equipment provider reported $0.04 EPS for the quarter, missing the Zacks’ consensus estimate of $0.07 by ($0.03). The company had revenue of $380.00 million for the quarter, compared to analyst estimates of $384.29 million. ViaSat had a return on equity of 1.21% and a net margin of 0.82%. The company’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.23 EPS. Analysts predict that ViaSat, Inc. will post $0.05 EPS for the current fiscal year.

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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.

Institutional Ownership by Quarter for ViaSat (NASDAQ:VSAT)

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