Disciplined Growth Investors Inc. MN lifted its stake in shares of ViaSat, Inc. (NASDAQ:VSAT) by 109.3% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,148,694 shares of the communications equipment provider’s stock after purchasing an additional 599,752 shares during the period. ViaSat comprises 1.6% of Disciplined Growth Investors Inc. MN’s investment portfolio, making the stock its 26th biggest position. Disciplined Growth Investors Inc. MN owned about 1.98% of ViaSat worth $76,044,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently added to or reduced their stakes in the company. BlackRock Inc. boosted its position in ViaSat by 24,650.6% during the first quarter. BlackRock Inc. now owns 5,393,642 shares of the communications equipment provider’s stock worth $344,224,000 after acquiring an additional 5,371,850 shares during the last quarter. Clough Capital Partners L P boosted its position in ViaSat by 91.6% during the first quarter. Clough Capital Partners L P now owns 1,113,881 shares of the communications equipment provider’s stock worth $72,483,000 after acquiring an additional 532,501 shares during the last quarter. Hood River Capital Management LLC acquired a new position in ViaSat during the second quarter worth about $29,147,000. Fiduciary Management Inc. WI acquired a new position in ViaSat during the second quarter worth about $28,948,000. Finally, Odey Asset Management Group Ltd boosted its position in ViaSat by 23.2% during the second quarter. Odey Asset Management Group Ltd now owns 2,148,954 shares of the communications equipment provider’s stock worth $142,261,000 after acquiring an additional 404,251 shares during the last quarter. 99.42% of the stock is owned by institutional investors and hedge funds.

ViaSat, Inc. (VSAT) traded down 0.11% during trading on Friday, reaching $65.03. 148,060 shares of the company’s stock traded hands. ViaSat, Inc. has a 1-year low of $57.75 and a 1-year high of $82.19. The firm has a market capitalization of $3.77 billion, a PE ratio of 281.52 and a beta of 0.71. The firm has a 50 day moving average of $62.97 and a 200 day moving average of $64.51.

ViaSat (NASDAQ:VSAT) last issued its quarterly earnings results on Tuesday, August 8th. The communications equipment provider reported $0.04 EPS for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.03). The firm had revenue of $380.00 million for the quarter, compared to analysts’ expectations of $384.29 million. ViaSat had a return on equity of 1.21% and a net margin of 0.82%. The business’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same quarter last year, the firm earned $0.23 earnings per share. Equities analysts forecast that ViaSat, Inc. will post $0.05 EPS for the current year.

In other news, CEO Mark D. Dankberg sold 28,500 shares of ViaSat stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $66.00, for a total transaction of $1,881,000.00. Following the completion of the sale, the chief executive officer now directly owns 28,500 shares in the company, valued at $1,881,000. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Bruce Leroy Dirks purchased 1,000 shares of the stock in a transaction dated Friday, August 11th. The shares were purchased at an average price of $59.78 per share, with a total value of $59,780.00. The disclosure for this purchase can be found here. Over the last quarter, insiders have sold 177,350 shares of company stock valued at $11,128,257. Insiders own 7.70% of the company’s stock.

VSAT has been the topic of a number of recent research reports. Barclays PLC restated an “equal weight” rating and set a $80.00 price target (down from $82.00) on shares of ViaSat in a research report on Monday, July 10th. Royal Bank Of Canada set a $50.00 price target on shares of ViaSat and gave the stock a “sell” rating in a research report on Tuesday, August 15th. Zacks Investment Research lowered shares of ViaSat from a “hold” rating to a “sell” rating in a research report on Friday, August 11th. B. Riley restated a “buy” rating and set a $89.00 price target on shares of ViaSat in a research report on Sunday, August 13th. Finally, Jefferies Group LLC set a $67.00 price target on shares of ViaSat and gave the stock a “hold” rating in a research report on Sunday, September 10th. 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 company’s stock. ViaSat has an average rating of “Hold” and an average target price of $73.70.

COPYRIGHT VIOLATION WARNING: “Disciplined Growth Investors Inc. MN Grows Stake in ViaSat, Inc. (VSAT)” was first published by Daily Political and is owned by of Daily Political. If you are accessing this article on another publication, it was copied illegally and republished in violation of international trademark and copyright law. The original version of this article can be read at https://www.dailypolitical.com/2017/10/13/disciplined-growth-investors-inc-mn-grows-stake-in-viasat-inc-vsat.html.

About ViaSat

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.

Want to see what other hedge funds are holding VSAT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ViaSat, Inc. (NASDAQ:VSAT).

Institutional Ownership by Quarter for ViaSat (NASDAQ:VSAT)

Receive News & Ratings for ViaSat Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ViaSat Inc. and related companies with MarketBeat.com's FREE daily email newsletter.