XTX Topco Ltd, a prominent investment firm, significantly expanded its stake in Viasat Inc. (NASDAQ:VSAT) during the first quarter, underscoring continued institutional confidence in the communications equipment provider. This strategic increase reflects a broader trend of significant shifts in ownership among major financial entities, highlighting the dynamic nature of the current market landscape for technology stocks.
According to its latest disclosure with the Securities and Exchange Commission, XTX Topco Ltd boosted its holdings in Viasat shares by a notable 8.0%. This acquisition involved purchasing an additional 6,975 shares, culminating in the firm owning a total of 94,145 shares of Viasat stock. As of its most recent SEC filing, XTX Topco Ltd’s stake in Viasat was valued at an impressive $981,000, representing 0.07% of the company’s total shares.
Beyond XTX Topco Ltd, numerous other hedge funds and institutional investors have also adjusted their positions in Viasat Inc., signaling widespread interest. Two Sigma Investments LP, for instance, dramatically increased its Viasat holdings by 538.7% in the fourth quarter. This substantial move saw Two Sigma Investments LP acquiring an additional 958,706 shares, bringing their total to 1,136,675 shares valued at $9,673,000.
Further demonstrating this institutional enthusiasm, Tenzing Global Management LLC initiated a new position in Viasat during the fourth quarter, with their investment valued at approximately $7,170,000. Similarly, Bank of America Corp DE augmented its Viasat position by 149.6% in the same quarter, acquiring 818,301 additional shares to hold a total of 1,365,194 shares, worth $11,618,000.
Neuberger Berman Group LLC also significantly uplifted its Viasat stake by 16.1% in the fourth quarter, adding 700,533 shares to reach a total of 5,044,364 shares, valued at $42,912,000. Concluding this pattern of increased institutional investment, Invesco Ltd. expanded its Viasat stake by 46.8% in the fourth quarter, purchasing 667,564 additional shares to bring their total to 2,093,740 shares, valued at $17,818,000. Collectively, institutional investors and hedge funds now command 86.05% of Viasat’s stock, underscoring their dominant presence.
In addition to these ownership shifts, various brokerage firms have recently offered their assessments on Viasat’s market trajectory. B. Riley adjusted its price target for Viasat shares from $56.00 to $52.00 while maintaining a “buy” rating. Needham & Company LLC also revised its target, lowering it from $19.00 to $16.00, yet keeping a “buy” recommendation.
Conversely, Deutsche Bank Aktiengesellschaft showed increased optimism, raising its price target on Viasat from $14.00 to $16.00 and assigning a “buy” rating. William Blair, however, opted to reiterate a “market perform” rating for Viasat shares. Based on data from MarketBeat, the company currently holds a consensus rating of “Hold” among analysts, with a consensus price target of $19.00.
From a fundamental perspective, Viasat Inc. opened at $16.58 on a recent Friday, reflecting current market sentiment. The company boasts a market capitalization of $2.23 billion, alongside a price-to-earnings ratio of -3.73 and a beta of 1.20, indicating its volatility relative to the broader market. Viasat’s twelve-month trading range highlights significant fluctuations, with a low of $6.69 and a high of $26.70.
Analyzing its financial health further, Viasat exhibits a quick ratio of 1.55, a current ratio of 1.72, and a debt-to-equity ratio of 1.41, suggesting sound liquidity and leverage management. The stock’s fifty-day moving average stands at $13.32, while its 200-day moving average is $10.84, providing insight into its recent and longer-term price trends in the evolving communications equipment sector.
