Vistance Networks (NASDAQ:VISN) CAO Charles Gilstrap Purchases 10,000 Shares of Stock

Vistance Networks, Inc. (NASDAQ:VISN) CAO Charles Gilstrap acquired 10,000 shares of Vistance Networks stock in a transaction dated Monday, August 10th. The shares were purchased at an average cost of $10.75 per share, with a total value of $107,500.00. Following the completion of the transaction, the chief accounting officer directly owned 302,417 shares of the company’s stock, valued at $3,250,982.75. This trade represents a 3.42% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Vistance Networks Stock Performance

NASDAQ:VISN opened at $11.58 on Thursday. The stock has a 50-day simple moving average of $12.17 and a 200 day simple moving average of $15.05. Vistance Networks, Inc. has a 52-week low of $9.47 and a 52-week high of $20.55. The company has a market cap of $2.67 billion, a PE ratio of 0.38 and a beta of 2.36.

Vistance Networks Dividend Announcement

The firm also recently disclosed a dividend, which will be paid on Thursday, August 27th. Stockholders of record on Monday, August 17th will be issued a $5.00 dividend. The ex-dividend date is Monday, August 17th.

Analyst Ratings Changes

VISN has been the subject of several recent research reports. Zacks Research cut shares of Vistance Networks from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 30th. Weiss Ratings reissued a “hold (c+)” rating on shares of Vistance Networks in a research report on Monday, August 3rd. Northland Securities set a $17.00 price objective on shares of Vistance Networks in a research note on Friday, May 1st. Finally, JPMorgan Chase & Co. decreased their price objective on Vistance Networks from $24.00 to $21.00 and set a “neutral” rating for the company in a report on Thursday, April 16th. Four analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $19.33.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. BlackRock Inc. bought a new stake in shares of Vistance Networks in the 2nd quarter valued at about $319,679,000. Bank of New York Mellon Corp bought a new position in Vistance Networks during the second quarter worth about $10,674,000. Deutsche Bank AG bought a new position in Vistance Networks during the second quarter worth about $4,662,000. GSA Capital Partners LLP acquired a new position in Vistance Networks during the second quarter worth approximately $2,374,000. Finally, Evolve Private Wealth LLC acquired a new position in Vistance Networks during the second quarter worth approximately $466,000. 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.