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

Vistance Networks, Inc. (NASDAQ:VISN) CAO Charles Gilstrap bought 10,000 shares of the stock in a transaction 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 owned 302,417 shares in the company, valued at approximately $3,250,982.75. This represents a 3.42% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Vistance Networks Trading Down 2.0%

Vistance Networks stock opened at $11.35 on Friday. The stock has a 50-day moving average price of $12.15 and a two-hundred day moving average price of $15.01. Vistance Networks, Inc. has a 12 month low of $9.47 and a 12 month high of $20.55. The company has a market capitalization of $2.62 billion, a PE ratio of 0.37 and a beta of 2.36.

Vistance Networks Announces Dividend

The firm also recently disclosed a dividend, which will be paid on Thursday, August 27th. Investors of record on Monday, August 17th will be issued a $5.00 dividend. The ex-dividend date is Friday, August 28th.

Institutional Trading of Vistance Networks

Several institutional investors have recently added to or reduced their stakes in VISN. Algert Global LLC raised its holdings in Vistance Networks by 531.5% during the 2nd quarter. Algert Global LLC now owns 574,865 shares of the business services provider’s stock worth $7,347,000 after purchasing an additional 483,840 shares during the last quarter. Pinnacle Holdings LLC bought a new stake in shares of Vistance Networks in the 2nd quarter valued at $48,000. Quantbot Technologies LP acquired a new stake in shares of Vistance Networks during the second quarter worth $150,000. Evolve Private Wealth LLC acquired a new stake in shares of Vistance Networks during the second quarter worth $466,000. Finally, BlackRock Inc. bought a new position in Vistance Networks during the second quarter worth $319,679,000. 88.04% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms have weighed in on VISN. Zacks Research lowered shares of Vistance Networks from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 30th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Vistance Networks in a report on Monday, August 3rd. JPMorgan Chase & Co. reduced their price objective on shares of Vistance Networks from $24.00 to $21.00 and set a “neutral” rating on the stock in a research note on Thursday, April 16th. Finally, Northland Securities set a $17.00 price objective on Vistance Networks in a report on Friday, May 1st. Four equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, Vistance Networks has an average rating of “Hold” and a consensus target price of $19.33.

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.