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

Vistance Networks, Inc. (NASDAQ:VISN) Director L William Krause sold 176,136 shares of the stock in a transaction dated Friday, August 28th. The stock was sold at an average price of $6.75, for a total transaction of $1,188,918.00. Following the completion of the sale, the director directly owned 98,371 shares in the company, valued at approximately $664,004.25. The trade was a 64.16% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Vistance Networks Trading Down 1.5%

VISN stock opened at $6.37 on Friday. The firm has a 50 day moving average of $11.29 and a 200-day moving average of $14.06. The firm has a market capitalization of $1.47 billion, a P/E ratio of 0.21 and a beta of 2.39. Vistance Networks, Inc. has a 12 month low of $6.00 and a 12 month high of $20.55.

Vistance Networks Dividend Announcement

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

Institutional Trading of Vistance Networks

Institutional investors and hedge funds have recently made changes to their positions in the stock. Persistent Asset Partners Ltd purchased a new position in Vistance Networks in the second quarter worth $29,000. Triumph Capital Management bought a new position in Vistance Networks in the second quarter valued at $32,000. First Bancorp Inc ME purchased a new stake in Vistance Networks during the second quarter valued at about $38,000. Pinnacle Holdings LLC purchased a new stake in Vistance Networks during the second quarter valued at about $48,000. Finally, Nykredit A S bought a new stake in Vistance Networks during the second quarter worth about $54,000. Hedge funds and other institutional investors own 88.04% of the company’s stock.

Analysts Set New Price Targets

VISN has been the topic of several research analyst reports. Zacks Research cut shares of Vistance Networks from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 30th. Wall Street Zen upgraded Vistance Networks from a “sell” rating to a “hold” rating in a research report on Sunday, August 30th. Finally, Weiss Ratings lowered Vistance Networks from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, August 17th. Four analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $19.33.

About Vistance Networks

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.