Gilat Satellite Networks Ltd. $GILT Shares Sold by Lazard Asset Management LLC

Posted by Geri Gentry on Aug 8th, 2026

Lazard Asset Management LLC reduced its holdings in shares of Gilat Satellite Networks Ltd. (NASDAQ:GILT – Free Report) by 89.5% in the 1st quarter, HoldingsChannel.com reports. The fund owned 17,202 shares of the communications equipment provider’s stock after selling 146,986 shares during the period. Lazard Asset Management LLC’s holdings in Gilat Satellite Networks were worth $258,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Huntington National Bank raised its position in Gilat Satellite Networks by 200,000.0% during the fourth quarter. Huntington National Bank now owns 2,001 shares of the communications equipment provider’s stock worth $26,000 after acquiring an additional 2,000 shares during the last quarter. SBI Securities Co. Ltd. increased its stake in shares of Gilat Satellite Networks by 82.1% during the 4th quarter. SBI Securities Co. Ltd. now owns 2,130 shares of the communications equipment provider’s stock worth $28,000 after purchasing an additional 960 shares in the last quarter. Smartleaf Asset Management LLC purchased a new position in shares of Gilat Satellite Networks during the 4th quarter worth approximately $39,000. Summit Securities Group LLC acquired a new position in shares of Gilat Satellite Networks during the 1st quarter worth approximately $48,000. Finally, Signaturefd LLC raised its position in shares of Gilat Satellite Networks by 104.5% during the 4th quarter. Signaturefd LLC now owns 4,120 shares of the communications equipment provider’s stock worth $53,000 after purchasing an additional 2,105 shares during the last quarter. Institutional investors and hedge funds own 35.72% of the company’s stock.

Gilat Satellite Networks Price Performance

Shares of NASDAQ GILT opened at $11.23 on Friday. The company has a 50-day simple moving average of $12.64 and a 200-day simple moving average of $15.55. The company has a market cap of $829.11 million, a PE ratio of 25.52 and a beta of 1.06. Gilat Satellite Networks Ltd. has a 12 month low of $8.52 and a 12 month high of $20.93.

Gilat Satellite Networks (NASDAQ:GILT – Get Free Report) last announced its quarterly earnings data on Tuesday, June 30th. The communications equipment provider reported $0.20 earnings per share (EPS) for the quarter. Gilat Satellite Networks had a net margin of 6.21% and a return on equity of 10.12%. The business had revenue of $122.66 million for the quarter. On average, analysts anticipate that Gilat Satellite Networks Ltd. will post 0.53 EPS for the current year.

Insider Buying and Selling at Gilat Satellite Networks

In other news, insider Arieh Rohrstock sold 17,568 shares of the firm’s stock in a transaction on Thursday, June 11th. The stock was sold at an average price of $15.23, for a total transaction of $267,560.64. Following the sale, the insider owned 7,531 shares in the company, valued at $114,697.13. This trade represents a 69.99% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.13% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of equities research analysts have commented on GILT shares. Needham & Company LLC reiterated a “buy” rating and set a $20.00 target price on shares of Gilat Satellite Networks in a report on Tuesday, June 16th. Weiss Ratings reissued a “hold (c)” rating on shares of Gilat Satellite Networks in a report on Thursday, June 18th. Finally, Zacks Research downgraded Gilat Satellite Networks from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, June 16th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $20.00.

View Our Latest Research Report on GILT

Gilat Satellite Networks Company Profile

(Free Report)

Gilat Satellite Networks is a leading provider of satellite-based broadband connectivity solutions, specializing in the design, development and deployment of ground segment equipment and network services. The company’s core offerings include Very Small Aperture Terminal (VSAT) modems and hub systems, network management software, and end-to-end satellite communication platforms. These technologies enable broadband Internet access, enterprise networking, and cellular backhaul in regions where terrestrial infrastructure is limited or non-existent.

Founded in 1987 and headquartered in Petah Tikva, Israel, Gilat has established a track record of innovation in satellite communications.