Vistance Networks (NASDAQ:VISN) Director Sells $149,627.28 in Stock

Vistance Networks, Inc. (NASDAQ:VISN) Director L William Krause sold 23,864 shares of the business’s stock in a transaction on Wednesday, September 2nd. The shares were sold at an average price of $6.27, for a total transaction of $149,627.28. Following the transaction, the director owned 74,507 shares of the company’s stock, valued at $467,158.89. This trade represents a 24.26% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

L William Krause also recently made the following trade(s):

• On Friday, August 28th, L William Krause sold 176,136 shares of Vistance Networks stock. The stock was sold at an average price of $6.75, for a total transaction of $1,188,918.00.

Vistance Networks Stock Performance

Shares of VISN stock opened at $6.40 on Monday. Vistance Networks, Inc. has a 52-week low of $6.00 and a 52-week high of $20.55. The company has a market capitalization of $1.48 billion, a PE ratio of 0.21 and a beta of 2.39. The business’s fifty day moving average is $11.17 and its 200 day moving average is $13.97.

Vistance Networks Dividend Announcement

The firm also recently announced a dividend, which was paid on Thursday, August 27th. Shareholders of record on Monday, August 17th were paid a $5.00 dividend. The ex-dividend date was Friday, August 28th.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on VISN. Wall Street Zen upgraded Vistance Networks from a “sell” rating to a “hold” rating in a research report on Sunday, August 30th. Weiss Ratings cut shares of Vistance Networks from a “hold (c+)” rating to a “hold (c)” rating in a research report on Monday, August 17th. Finally, Zacks Research downgraded shares of Vistance Networks from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 30th. Four research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $19.33.

Institutional Investors Weigh In On Vistance Networks

Several hedge funds have recently added to or reduced their stakes in the company. Algert Global LLC increased its position in shares of Vistance Networks by 531.5% during the 2nd quarter. Algert Global LLC now owns 574,865 shares of the business services provider’s stock valued at $7,347,000 after purchasing an additional 483,840 shares during the last quarter. Bank of New York Mellon Corp purchased a new position in shares of Vistance Networks during the 2nd quarter valued at about $10,674,000. BlackRock Inc. bought a new stake in Vistance Networks in the 2nd quarter worth approximately $319,679,000. Legal & General Group Plc bought a new stake in Vistance Networks in the 2nd quarter worth approximately $2,610,000. Finally, Empowered Funds LLC purchased a new stake in Vistance Networks in the second quarter worth approximately $10,393,000. Institutional investors own 88.04% of the company’s stock.

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.