Invst LLC Takes Position in Vistance Networks, Inc. $VISN

Invst LLC bought a new position in Vistance Networks, Inc. (NASDAQ:VISN) in the 2nd quarter, HoldingsChannel.com reports. The firm bought 72,487 shares of the business services provider’s stock, valued at approximately $926,000.

A number of other institutional investors have also recently bought and sold shares of VISN. GSA Capital Partners LLP bought a new stake in Vistance Networks in the 2nd quarter valued at $2,374,000. State of Wyoming bought a new position in shares of Vistance Networks during the 2nd quarter worth about $212,000. Bank of New York Mellon Corp acquired a new stake in shares of Vistance Networks during the 2nd quarter valued at about $10,674,000. Persistent Asset Partners Ltd acquired a new stake in shares of Vistance Networks during the 2nd quarter valued at about $29,000. Finally, Deutsche Bank AG bought a new stake in Vistance Networks in the second quarter valued at about $4,662,000. Institutional investors and hedge funds own 88.04% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently issued reports on VISN. Wall Street Zen lowered shares of Vistance Networks from a “hold” rating to a “sell” rating in a research report on Saturday. Zacks Research downgraded Vistance Networks from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 30th. Northland Securities set a $17.00 price objective on Vistance Networks in a research note on Friday, May 1st. Finally, Weiss Ratings cut Vistance Networks from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, August 17th. Four equities research analysts have rated the stock with a Hold rating, According to MarketBeat.com, Vistance Networks presently has an average rating of “Hold” and an average target price of $19.33.

Vistance Networks Stock Performance

Shares of NASDAQ VISN opened at $11.04 on Wednesday. Vistance Networks, Inc. has a 52-week low of $9.47 and a 52-week high of $20.55. The business has a fifty day moving average of $11.98 and a two-hundred day moving average of $14.61. The stock has a market cap of $2.55 billion, a PE ratio of 0.36 and a beta of 2.36.

Vistance Networks Dividend Announcement

The company also recently announced a dividend, which will be paid on Thursday, August 27th. Investors of record on Monday, August 17th will be given a dividend of $5.00 per share. The ex-dividend date is Friday, August 28th.

Insider Transactions at Vistance Networks

In other news, CAO Charles A. Gilstrap purchased 10,000 shares of the business’s stock in a transaction that occurred on Monday, August 10th. The stock was purchased at an average cost of $10.75 per share, with a total value of $107,500.00. Following the acquisition, the chief accounting officer directly owned 302,417 shares of the company’s stock, valued at approximately $3,250,982.75. This trade represents a 3.42% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 3.50% of the stock is owned by corporate insiders.

Vistance Networks Company Profile

CommScope Holding Company, Inc provides infrastructure solutions for communications and entertainment networks. It operates through four segments: Broadband Networks (Broadband), Outdoor Wireless Networks (OWN), Venue and Campus Networks (VCN), and Home Networks (Home). The Broadband segment provides converged cable access platforms, passive optical networking products, video systems, access technologies, fiber and coaxial cables, fiber and copper connectivity products, and hardened closures to the telco and cable provider broadband market.