Insider Buying: Vistance Networks (NASDAQ:VISN) CAO Acquires $107,500.00 in Stock

Vistance Networks, Inc. (NASDAQ:VISN) CAO Charles Gilstrap bought 10,000 shares of the firm’s stock in a transaction that occurred 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 owned 302,417 shares in the company, valued at approximately $3,250,982.75. This trade represents a 3.42% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Vistance Networks Stock Down 1.0%

VISN traded down $0.12 during trading on Wednesday, hitting $11.58. 6,928,417 shares of the stock were exchanged, compared to its average volume of 7,781,722. Vistance Networks, Inc. has a 1-year low of $9.47 and a 1-year high of $20.55. The stock has a fifty day moving average price of $12.17 and a two-hundred day moving average price of $15.05. The firm has a market capitalization of $2.67 billion, a P/E ratio of 0.38 and a beta of 2.36.

Vistance Networks Announces Dividend

The firm also recently announced a dividend, which will be paid on Thursday, August 27th. Stockholders of record on Monday, August 17th will be issued a $5.00 dividend. The ex-dividend date of this dividend is Monday, August 17th.

Institutional Trading of Vistance Networks

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Quantbot Technologies LP acquired a new position in shares of Vistance Networks during the second quarter worth about $150,000. Evolve Private Wealth LLC acquired a new stake in Vistance Networks in the second quarter valued at about $466,000. C M Bidwell & Associates Ltd. purchased a new stake in Vistance Networks in the 2nd quarter valued at approximately $76,000. Meeder Asset Management Inc. purchased a new stake in Vistance Networks in the 2nd quarter valued at approximately $56,000. Finally, NINE MASTS CAPITAL Ltd acquired a new position in Vistance Networks during the 2nd quarter worth approximately $192,000. Hedge funds and other institutional investors own 88.04% of the company’s stock.

Wall Street Analysts Forecast Growth

VISN has been the topic of a number of recent research reports. Northland Securities set a $17.00 price objective on shares of Vistance Networks in a research note on Friday, May 1st. JPMorgan Chase & Co. decreased their target price on shares of Vistance Networks from $24.00 to $21.00 and set a “neutral” rating for the company in a research note on Thursday, April 16th. Weiss Ratings restated a “hold (c+)” rating on shares of Vistance Networks in a research report on Monday, August 3rd. Finally, Zacks Research downgraded Vistance Networks from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 30th. Four research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock currently 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.