Needham & Company LLC reissued their buy rating on shares of Gilat Satellite Networks (NASDAQ:GILT – Free Report) in a research note released on Friday morning,Benzinga reports. The brokerage currently has a $8.50 price objective on the communications equipment provider’s stock.
Separately, William Blair started coverage on shares of Gilat Satellite Networks in a research report on Thursday, September 26th. They set an “outperform” rating for the company.
Read Our Latest Stock Analysis on GILT
Gilat Satellite Networks Stock Performance
Institutional Inflows and Outflows
Institutional investors have recently added to or reduced their stakes in the stock. BNP Paribas Financial Markets bought a new position in shares of Gilat Satellite Networks during the third quarter worth about $27,000. Wedbush Securities Inc. acquired a new position in shares of Gilat Satellite Networks during the second quarter worth approximately $46,000. Harel Insurance Investments & Financial Services Ltd. bought a new position in Gilat Satellite Networks in the 2nd quarter worth approximately $69,000. Clearline Capital LP acquired a new stake in Gilat Satellite Networks in the 2nd quarter valued at approximately $73,000. Finally, GSA Capital Partners LLP bought a new stake in Gilat Satellite Networks during the 3rd quarter valued at $140,000. 35.72% of the stock is currently owned by institutional investors.
Gilat Satellite Networks Company Profile
Gilat Satellite Networks Ltd., together with its subsidiaries, provides satellite-based broadband communication solutions in Israel, the United States, Peru, and internationally. It operates in three segments: Satellite Networks, Integrated Solutions, and Network Infrastructure and Services. Its portfolio consists of cloud-based satellite network platform, very small aperture terminals, amplifiers, modems, on-the-move antennas, solid state power amplifiers, block upconverters, transceivers, and defense ground systems and field services.
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