Vistance Networks (NASDAQ:VISN) Director Sells $1,188,918.00 in Stock

Vistance Networks, Inc. (NASDAQ:VISNGet Free Report) Director L William Krause sold 176,136 shares of the company’s stock in a transaction on Friday, August 28th. The shares were sold at an average price of $6.75, for a total value of $1,188,918.00. Following the completion of the transaction, the director directly owned 98,371 shares in the company, valued at approximately $664,004.25. This trade represents a 64.16% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Vistance Networks Price Performance

Shares of NASDAQ:VISN traded down $0.09 during midday trading on Tuesday, reaching $6.22. 8,439,065 shares of the company’s stock were exchanged, compared to its average volume of 6,347,971. The firm’s 50 day simple moving average is $11.67 and its two-hundred day simple moving average is $14.33. The stock has a market cap of $1.43 billion, a price-to-earnings ratio of 0.20 and a beta of 2.36. Vistance Networks, Inc. has a fifty-two week low of $6.00 and a fifty-two week high of $20.55.

Vistance Networks Dividend Announcement

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

Wall Street Analyst Weigh In

Several equities analysts have recently commented on VISN shares. Wall Street Zen upgraded shares of Vistance Networks from a “sell” rating to a “hold” rating in a report on Sunday. Weiss Ratings cut Vistance Networks from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, August 17th. Finally, Zacks Research lowered Vistance Networks from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, June 30th. Four equities research analysts have rated the stock with a Hold rating, According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $19.33.

View Our Latest Analysis on Vistance Networks

Institutional Investors Weigh In On Vistance Networks

Several large investors have recently added to or reduced their stakes in VISN. Persistent Asset Partners Ltd purchased a new position in Vistance Networks in the 2nd quarter valued at approximately $29,000. Triumph Capital Management purchased a new stake in shares of Vistance Networks during the second quarter worth $32,000. First Bancorp Inc ME acquired a new stake in shares of Vistance Networks in the second quarter valued at $38,000. Pinnacle Holdings LLC acquired a new stake in shares of Vistance Networks in the second quarter valued at $48,000. Finally, Nykredit A S purchased a new position in Vistance Networks in the second quarter valued at $54,000. 88.04% of the stock is owned by hedge funds and other institutional investors.

About Vistance Networks

(Get Free Report)

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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