Key Points
- Director L. William Krause sold 23,864 VISN shares at an average price of $6.27, generating $149,627.28 and reducing his direct ownership by 24.26% to 74,507 shares. He had also sold 176,136 shares the previous week for approximately $1.19 million.
- Vistance Networks shares opened at $6.40, near their 52-week low of $6.00 and well below the 52-week high of $20.55. The stock has an average analyst rating of Hold and a consensus price target of $19.33.
- Institutional investors own approximately 88.04% of the company, with BlackRock, Bank of New York Mellon and other firms recently acquiring or expanding positions.
Vistance Networks, Inc. (NASDAQ:VISN - Get Free Report) Director L William Krause sold 23,864 shares of the company's stock in a transaction on Wednesday, September 2nd. The shares were sold at an average price of $6.27, for a total transaction of $149,627.28. Following the completion of the sale, the director directly owned 74,507 shares in the company, valued at approximately $467,158.89. The trade was a 24.26% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
L William Krause also recently made the following trade(s):
- On Friday, August 28th, L William Krause sold 176,136 shares of Vistance Networks stock. The stock was sold at an average price of $6.75, for a total value of $1,188,918.00.
Vistance Networks Stock Performance
NASDAQ VISN opened at $6.40 on Friday. The firm has a market capitalization of $1.48 billion, a P/E ratio of 0.21 and a beta of 2.39. The stock has a 50-day simple moving average of $11.17 and a two-hundred day simple moving average of $14.01. 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 announced a dividend, which was paid on Thursday, August 27th. Investors of record on Monday, August 17th were issued a dividend of $5.00 per share. The ex-dividend date of this dividend was Friday, August 28th.
Analyst Upgrades and Downgrades
VISN has been the subject of a number of analyst reports. Weiss Ratings downgraded Vistance Networks from a "hold (c+)" rating to a "hold (c)" rating in a report on Monday, August 17th. Zacks Research cut shares of Vistance Networks from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, June 30th. Finally, Wall Street Zen raised shares of Vistance Networks from a "sell" rating to a "hold" rating in a research note on Sunday, August 30th. Four equities research analysts have rated the stock with a Hold rating, According to MarketBeat, Vistance Networks presently has an average rating of "Hold" and an average target price of $19.33.
Get Our Latest Analysis on VISN
Institutional Inflows and Outflows
A number of large investors have recently modified their holdings of VISN. Algert Global LLC increased its stake in shares of Vistance Networks by 531.5% in the 2nd quarter. Algert Global LLC now owns 574,865 shares of the business services provider's stock valued at $7,347,000 after purchasing an additional 483,840 shares in the last quarter. Bank of New York Mellon Corp purchased a new position in Vistance Networks during the second quarter worth approximately $10,674,000. BlackRock Inc. purchased a new position in Vistance Networks during the second quarter worth approximately $319,679,000. Empowered Funds LLC acquired a new stake in Vistance Networks in the second quarter valued at approximately $10,393,000. Finally, GSA Capital Partners LLP purchased a new stake in shares of Vistance Networks in the second quarter valued at approximately $2,374,000. Institutional investors and hedge funds own 88.04% of the company's stock.
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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