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Barclays PLC, a multinational investment bank and financial services company, has recently increased its stake in Viasat, Inc. by 31.8% during the first quarter of this year. As a result, Barclays now owns 32,383 shares of Viasat’s stock, acquiring an additional 7,812 shares. This brings the total value of Barclays’ holdings in Viasat to ,096,000.

Viasat is a global provider of broadband and communications products and services. Their Satellite Services segment offers satellite-based fixed broadband services for consumers and businesses worldwide. This includes broadband internet access, VoIP services, and satellite-based connectivity solutions. Additionally, Viasat provides in-flight entertainment and aviation software services to commercial airlines and private business jets.

They also offer mobile broadband services through satellite-based internet connections, providing reliable internet access to offshore vessels, cruise ships, ferries, and yachts. Viasat has expanded into energy services, offering secure IP connectivity and advanced analytics for industrial applications. They also provide bandwidth-optimized over-the-top applications for industrial IoT devices, incorporating machine learning analytics.

Recent insider transactions include James Michael Dodd selling 5,000 shares of Viasat’s stock on August 15th. Barclays’ decision to increase its position in Viasat reflects confidence in the company’s potential for growth and success within the broadband and communications industry. With their diverse range of satellite-based services, Viasat is well-positioned to meet the increasing demand for connectivity in various sectors.

Hedge funds have also shown confidence in Viasat, with Captrust Financial Advisors, Zurcher Kantonalbank Zurich Cantonalbank, UBS Group AG, Treasurer of the State of North Carolina, and Arizona State Retirement System all increasing their holdings in the company.

Viasat’s stock has a current price of .06, with a consensus price target of 0.00. The company has a current ratio of 2.33 and a quick ratio of 2.10, indicating sufficient assets to cover short-term liabilities. Viasat specializes in broadband and communications products and services, catering to consumers, businesses, and various industries. Analyst ratings on Viasat’s stock have been mixed, with some assigning hold or neutral ratings and others adjusting price targets. Overall, Viasat’s diverse offerings and market opportunities position them for further expansion and innovation in the broadband and communications sector.

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