BlackRock Inc. purchased 20,747,957 shares of Viasat during the second quarter. The investment is valued at approximately $1.86 billion according to a recent SEC filing. This acquisition grants BlackRock a 15.06% ownership stake in the satellite communications provider.
Total institutional ownership in Viasat now stands at 86.05%. Several other investment firms also increased their positions in the company recently.
Viasat insiders sold more than 670,000 shares over the last 90 days. Market analysts currently maintain a Moderate Buy consensus on the stock.