Vistance Networks (NASDAQ:VISN) CAO Buys 10,000 Shares of Stock
by Jessica Moore · The Cerbat GemVistance Networks, Inc. (NASDAQ:VISN – Get Free Report) CAO Charles Gilstrap bought 10,000 shares of the company’s stock in a transaction that occurred on Monday, August 10th. The stock was bought at an average price of $10.75 per share, with a total value of $107,500.00. Following the acquisition, the chief accounting officer directly owned 302,417 shares in the company, valued at $3,250,982.75. The trade was a 3.42% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink.
Vistance Networks Stock Performance
Shares of VISN traded down $0.12 during midday trading on Wednesday, hitting $11.58. 6,928,417 shares of the stock were exchanged, compared to its average volume of 7,781,722. The stock has a fifty day simple moving average of $12.17 and a 200 day simple moving average of $15.05. Vistance Networks, Inc. has a 52-week low of $9.47 and a 52-week high of $20.55. The firm has a market cap of $2.67 billion, a P/E ratio of 0.38 and a beta of 2.36.
Vistance Networks Dividend Announcement
The firm also recently disclosed a dividend, which will be paid on Thursday, August 27th. Stockholders of record on Monday, August 17th will be paid a $5.00 dividend. The ex-dividend date of this dividend is Monday, August 17th.
Analysts Set New Price Targets
A number of equities research analysts have issued reports on the stock. Zacks Research lowered shares of Vistance Networks from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 30th. Northland Securities set a $17.00 target price on Vistance Networks in a report on Friday, May 1st. JPMorgan Chase & Co. cut their price target on Vistance Networks from $24.00 to $21.00 and set a “neutral” rating on the stock in a report on Thursday, April 16th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Vistance Networks in a research note on Monday, August 3rd. Four research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, Vistance Networks presently has a consensus rating of “Hold” and an average target price of $19.33.
View Our Latest Stock Report on Vistance Networks
Institutional Investors Weigh In On Vistance Networks
Several institutional investors have recently added to or reduced their stakes in the business. Persistent Asset Partners Ltd acquired a new stake in Vistance Networks during the second quarter worth approximately $29,000. Meeder Asset Management Inc. acquired a new stake in Vistance Networks during the 2nd quarter worth $56,000. C M Bidwell & Associates Ltd. acquired a new stake in Vistance Networks during the 2nd quarter worth $76,000. Quantbot Technologies LP purchased a new stake in Vistance Networks in the second quarter valued at $150,000. Finally, NINE MASTS CAPITAL Ltd acquired a new position in Vistance Networks in the second quarter valued at $192,000. Hedge funds and other institutional investors own 88.04% 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.