Vistance Networks (NASDAQ:VISN) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Vistance Networks (NASDAQ:VISN) from a sell rating to a hold rating in a research note issued to investors on Sunday,Wall Street Zen reports.

Several other analysts have also weighed in on the company. Weiss Ratings lowered Vistance Networks from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, August 17th. Zacks Research lowered Vistance Networks from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 30th. Four research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $19.33.

Vistance Networks Stock Performance

Shares of NASDAQ VISN opened at $6.22 on Friday. The stock has a fifty day moving average price of $11.54 and a two-hundred day moving average price of $14.24. The firm has a market cap of $1.43 billion, a P/E ratio of 0.20 and a beta of 2.39. Vistance Networks has a 1 year low of $6.00 and a 1 year high of $20.55.

Vistance Networks Dividend Announcement

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

Insider Transactions at Vistance Networks

In other news, CAO Charles A. Gilstrap purchased 10,000 shares of the stock in a transaction that occurred on 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 purchase, the chief accounting officer owned 302,417 shares in the company, valued at $3,250,982.75. This represents a 3.42% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director L William Krause sold 176,136 shares of the stock in a transaction that occurred on Friday, August 28th. The stock was sold at an average price of $6.75, for a total value of $1,188,918.00. Following the completion of the transaction, the director owned 98,371 shares in the company, valued at $664,004.25. This represents a 64.16% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 3.50% of the stock is owned by company insiders.

Institutional Trading of Vistance Networks

A number of institutional investors have recently added to or reduced their stakes in the business. Algert Global LLC increased its stake in shares of Vistance Networks by 531.5% during the 2nd quarter. Algert Global LLC now owns 574,865 shares of the business services provider’s stock worth $7,347,000 after purchasing an additional 483,840 shares during the last quarter. BlackRock Inc. bought a new position in shares of Vistance Networks during the 2nd quarter valued at $319,679,000. Empowered Funds LLC acquired a new stake in shares of Vistance Networks in the 2nd quarter valued at $10,393,000. GSA Capital Partners LLP acquired a new stake in shares of Vistance Networks in the 2nd quarter valued at $2,374,000. Finally, Galaxy Digital Inc. bought a new stake in Vistance Networks in the second quarter worth $1,917,000. 88.04% of the stock is currently owned by institutional investors and hedge funds.

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.