Franklin Resources Inc. boosted its stake in ViaSat, Inc. (NASDAQ:VSAT) by 19.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 899,685 shares of the communications equipment provider’s stock after purchasing an additional 148,372 shares during the period. Franklin Resources Inc. owned about 1.56% of ViaSat worth $59,559,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Geode Capital Management LLC increased its stake in ViaSat by 10.9% in the 1st quarter. Geode Capital Management LLC now owns 437,084 shares of the communications equipment provider’s stock worth $27,894,000 after purchasing an additional 42,961 shares during the period. Legal & General Group Plc increased its stake in ViaSat by 26.6% in the 1st quarter. Legal & General Group Plc now owns 35,347 shares of the communications equipment provider’s stock worth $2,254,000 after purchasing an additional 7,428 shares during the period. UBS Asset Management Americas Inc. increased its stake in ViaSat by 25.8% in the 1st quarter. UBS Asset Management Americas Inc. now owns 28,696 shares of the communications equipment provider’s stock worth $1,831,000 after purchasing an additional 5,878 shares during the period. Oregon Public Employees Retirement Fund increased its stake in ViaSat by 1.7% in the 1st quarter. Oregon Public Employees Retirement Fund now owns 18,039 shares of the communications equipment provider’s stock worth $1,151,000 after purchasing an additional 300 shares during the period. Finally, Comerica Bank increased its stake in ViaSat by 27.5% in the 2nd quarter. Comerica Bank now owns 52,615 shares of the communications equipment provider’s stock worth $3,471,000 after purchasing an additional 11,334 shares during the period. 99.42% of the stock is currently owned by institutional investors and hedge funds.

ViaSat, Inc. (NASDAQ VSAT) opened at 61.20 on Friday. ViaSat, Inc. has a 1-year low of $57.75 and a 1-year high of $82.19. The stock’s 50 day moving average price is $62.37 and its 200 day moving average price is $64.78. The stock has a market capitalization of $3.55 billion, a PE ratio of 264.94 and a beta of 0.69.

ViaSat (NASDAQ:VSAT) last issued its quarterly earnings results on Tuesday, August 8th. The communications equipment provider reported $0.04 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.07 by ($0.03). ViaSat had a return on equity of 1.21% and a net margin of 0.82%. The business had revenue of $380.00 million for the quarter, compared to the consensus estimate of $384.29 million. During the same period in the prior year, the business posted $0.23 earnings per share. ViaSat’s revenue was up 4.7% on a year-over-year basis. On average, equities research analysts predict that ViaSat, Inc. will post $0.05 earnings per share for the current fiscal year.

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A number of equities analysts have commented on the company. BidaskClub cut ViaSat from a “sell” rating to a “strong sell” rating in a research note on Wednesday, June 21st. Zacks Investment Research cut ViaSat from a “hold” rating to a “sell” rating in a research note on Friday, August 11th. Jefferies Group LLC set a $67.00 target price on ViaSat and gave the company a “hold” rating in a research note on Sunday, September 10th. Wunderlich raised ViaSat from a “sell” rating to a “hold” rating and set a $58.00 target price on the stock in a research note on Friday, June 2nd. Finally, Barclays PLC reissued an “equal weight” rating and set a $80.00 target price (down from $82.00) on shares of ViaSat in a research note on Monday, July 10th. Four research analysts have rated the stock with a sell rating, five have given a hold rating and seven have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $74.82.

In other ViaSat news, insider Bruce Leroy Dirks purchased 1,000 shares of the firm’s stock in a transaction that occurred on Friday, August 11th. The stock was purchased at an average cost of $59.78 per share, with a total value of $59,780.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, COO Richard A. Baldridge sold 35,000 shares of the firm’s stock in a transaction that occurred on Friday, August 11th. The stock was sold at an average price of $59.92, for a total value of $2,097,200.00. Following the sale, the chief operating officer now directly owns 59,000 shares of the company’s stock, valued at $3,535,280. The disclosure for this sale can be found here. Insiders have sold a total of 89,850 shares of company stock valued at $5,532,689 over the last three months. 7.70% of the stock is owned by corporate insiders.

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.

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Institutional Ownership by Quarter for ViaSat (NASDAQ:VSAT)

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