BNP Paribas Financial Markets Has $4.75 Million Stake in Viasat, Inc. (NASDAQ:VSAT)

BNP Paribas Financial Markets lifted its holdings in shares of Viasat, Inc. (NASDAQ:VSAT) by 87.1% during the fourth quarter, HoldingsChannel reports. The firm owned 558,251 shares of the communications equipment provider’s stock after acquiring an additional 259,849 shares during the quarter. BNP Paribas Financial Markets’ holdings in Viasat were worth $4,751,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of VSAT. Steward Partners Investment Advisory LLC boosted its stake in Viasat by 75.3% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 2,950 shares of the communications equipment provider’s stock worth $25,000 after purchasing an additional 1,267 shares during the period. Venturi Wealth Management LLC acquired a new stake in shares of Viasat in the 4th quarter valued at about $31,000. Sterling Capital Management LLC lifted its holdings in shares of Viasat by 850.4% in the fourth quarter. Sterling Capital Management LLC now owns 3,963 shares of the communications equipment provider’s stock valued at $34,000 after purchasing an additional 3,546 shares in the last quarter. New Age Alpha Advisors LLC acquired a new position in shares of Viasat during the fourth quarter worth about $35,000. Finally, AlphaQuest LLC boosted its position in shares of Viasat by 39.0% during the fourth quarter. AlphaQuest LLC now owns 4,473 shares of the communications equipment provider’s stock worth $38,000 after buying an additional 1,255 shares during the period. Institutional investors and hedge funds own 86.05% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently commented on the stock. Deutsche Bank Aktiengesellschaft upgraded shares of Viasat from a “hold” rating to a “buy” rating and set a $15.00 target price for the company in a report on Monday, March 24th. Morgan Stanley cut their price target on shares of Viasat from $26.00 to $12.00 and set an “equal weight” rating on the stock in a research report on Tuesday, February 4th. William Blair restated a “market perform” rating on shares of Viasat in a report on Tuesday, April 15th. Cantor Fitzgerald assumed coverage on Viasat in a research report on Friday, January 24th. They issued a “neutral” rating and a $12.00 target price on the stock. 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 assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $14.57.

Viasat Stock Up 1.2%

Shares of Viasat stock opened at $10.41 on Wednesday. The stock’s 50-day moving average is $9.38 and its 200 day moving average is $9.27. Viasat, Inc. has a one year low of $6.69 and a one year high of $26.70. The firm has a market cap of $1.34 billion, a price-to-earnings ratio of -3.10 and a beta of 1.01. The company has a debt-to-equity ratio of 1.35, a current ratio of 1.80 and a quick ratio of 1.60.

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.