Vistance Networks (NASDAQ:VISN) Director L William Krause Sells 176,136 Shares

Vistance Networks, Inc. (NASDAQ:VISN) Director L William Krause sold 176,136 shares of the stock in a transaction dated 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 sale, the director owned 98,371 shares of the company’s stock, valued at $664,004.25. This represents a 64.16% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Vistance Networks Price Performance

VISN opened at $6.22 on Wednesday. The stock’s 50 day simple moving average is $11.54 and its 200 day simple moving average is $14.24. Vistance Networks, Inc. has a 1 year low of $6.00 and a 1 year high of $20.55. The firm has a market cap of $1.43 billion, a price-to-earnings ratio of 0.20 and a beta of 2.39.

Vistance Networks Announces Dividend

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

Wall Street Analyst Weigh In

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

Institutional Trading of Vistance Networks

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. BlackRock Inc. bought a new stake in Vistance Networks in the second quarter valued at $319,679,000. Bank of America Corp DE bought a new position in Vistance Networks in the 2nd quarter worth $73,146,000. California State Teachers Retirement System purchased a new stake in shares of Vistance Networks in the 2nd quarter worth about $41,823,000. HighTower Advisors LLC purchased a new stake in shares of Vistance Networks in the 2nd quarter worth about $34,338,000. Finally, Hennessy Advisors Inc. bought a new stake in shares of Vistance Networks during the 2nd quarter valued at about $28,614,000. Hedge funds and other institutional investors 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.