91,912 Shares in Vistance Networks, Inc. $VISN Bought by Jupiter Topco LLC

Jupiter Topco LLC bought a new stake in shares of Vistance Networks, Inc. (NASDAQ:VISN) in the second quarter, Holdings Channel reports. The fund bought 91,912 shares of the business services provider’s stock, valued at approximately $1,175,000.

Several other hedge funds also recently added to or reduced their stakes in VISN. Persistent Asset Partners Ltd acquired a new stake in Vistance Networks during the 2nd quarter worth about $29,000. Pinnacle Holdings LLC purchased a new position in shares of Vistance Networks during the 2nd quarter valued at about $48,000. Meeder Asset Management Inc. acquired a new position in shares of Vistance Networks in the 2nd quarter valued at about $56,000. C M Bidwell & Associates Ltd. acquired a new position in shares of Vistance Networks in the 2nd quarter valued at about $76,000. Finally, Quantbot Technologies LP purchased a new stake in shares of Vistance Networks in the second quarter worth about $150,000. 88.04% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Vistance Networks Price Performance

NASDAQ VISN opened at $6.40 on Friday. The stock’s 50 day simple moving average is $11.17 and its 200-day simple moving average is $14.01. The company has a market cap of $1.48 billion, a PE ratio of 0.21 and a beta of 2.39. Vistance Networks, Inc. has a 1-year low of $6.00 and a 1-year high of $20.55.

Vistance Networks Dividend Announcement

The company also recently disclosed 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 was Friday, August 28th.

Insiders Place Their Bets

In other news, 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 completion of the sale, the director directly owned 98,371 shares in the company, valued at $664,004.25. This represents a 64.16% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CAO Charles A. Gilstrap bought 10,000 shares of Vistance Networks stock in a transaction dated Monday, August 10th. The stock was acquired at an average price of $10.75 per share, with a total value of $107,500.00. Following the completion of the transaction, the chief accounting officer directly owned 302,417 shares of the company’s stock, valued at approximately $3,250,982.75. The trade was a 3.42% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Company insiders own 3.50% of the company’s stock.

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.