Legal & General Group Plc Takes $2.61 Million Position in Vistance Networks, Inc. $VISN

Legal & General Group Plc bought a new stake in shares of Vistance Networks, Inc. (NASDAQ:VISN) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 204,258 shares of the business services provider’s stock, valued at approximately $2,610,000.

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

Insider Activity at Vistance Networks

In other Vistance Networks news, Director L William Krause sold 176,136 shares of the stock in a transaction on 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 transaction, the director directly owned 98,371 shares of the company’s stock, valued at approximately $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 accessible through this link. Also, CAO Charles A. Gilstrap bought 10,000 shares of the firm’s 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 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. Additional details regarding this purchase are available in the official SEC disclosure. 3.50% of the stock is currently owned by corporate insiders.

Vistance Networks Stock Up 0.5%

VISN opened at $6.40 on Friday. Vistance Networks, Inc. has a twelve month low of $6.00 and a twelve month high of $20.55. The company’s 50-day moving average price is $11.17 and its two-hundred day moving average price is $14.01. The stock has a market cap of $1.48 billion, a price-to-earnings ratio of 0.21 and a beta of 2.39.

Vistance Networks Dividend Announcement

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

Wall Street Analysts Forecast Growth

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 research note on Monday, August 17th. Zacks Research cut Vistance Networks from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, June 30th. Finally, Wall Street Zen raised Vistance Networks from a “sell” rating to a “hold” rating in a research report on Sunday, August 30th. Four equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target 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.