Wall Street Zen cut shares of Vistance Networks (NASDAQ:VISN – Free Report) from a hold rating to a sell rating in a report published on Saturday.
Several other analysts have also weighed in on VISN. Northland Securities set a $17.00 price objective on Vistance Networks in a report on Friday, May 1st. Weiss Ratings downgraded Vistance Networks from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, August 17th. Finally, Zacks Research cut 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.com, the stock currently has a consensus rating of “Hold” and an average price target of $19.33.
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Vistance Networks Price Performance
Vistance Networks Announces Dividend
The firm also recently disclosed a dividend, which will be paid on Thursday, August 27th. Stockholders 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 Vistance Networks news, CAO Charles A. Gilstrap acquired 10,000 shares of Vistance Networks stock in a transaction dated Monday, August 10th. The stock was bought at an average price of $10.75 per share, for a total transaction of $107,500.00. Following the transaction, the chief accounting officer owned 302,417 shares in the company, valued at approximately $3,250,982.75. This trade represents a 3.42% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 3.50% of the company’s stock.
Institutional Trading of Vistance Networks
Institutional investors have recently bought and sold shares of the company. GSA Capital Partners LLP acquired a new position in Vistance Networks during the second quarter valued at approximately $2,374,000. State of Wyoming bought a new position in Vistance Networks in the second quarter worth $212,000. Bank of New York Mellon Corp bought a new position in shares of Vistance Networks during the 2nd quarter worth about $10,674,000. Persistent Asset Partners Ltd acquired a new position in Vistance Networks in the second quarter worth about $29,000. Finally, Deutsche Bank AG bought a new position in Vistance Networks during the second quarter worth about $4,662,000. Institutional investors and hedge funds 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.
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