Vistance Networks (NASDAQ:VISN) Director L William Krause Sells 23,864 Shares

Vistance Networks, Inc. (NASDAQ:VISN) Director L William Krause sold 23,864 shares of the stock in a transaction on Wednesday, September 2nd. The shares were sold at an average price of $6.27, for a total value of $149,627.28. Following the sale, the director owned 74,507 shares of the company’s stock, valued at approximately $467,158.89. This represents a 24.26% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

L William Krause also recently made the following trade(s):

• On Friday, August 28th, L William Krause sold 176,136 shares of Vistance Networks stock. The stock was sold at an average price of $6.75, for a total value of $1,188,918.00.

Vistance Networks Price Performance

Shares of VISN stock opened at $6.40 on Friday. The stock’s fifty day moving average price is $11.17 and its 200 day moving average price is $14.01. Vistance Networks, Inc. has a 1-year low of $6.00 and a 1-year high of $20.55. The company 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 firm also recently declared 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 of this dividend was Friday, August 28th.

Institutional Trading of Vistance Networks

Several large investors have recently added to or reduced their stakes in the company. Persistent Asset Partners Ltd acquired a new position in shares of Vistance Networks in the second quarter valued at about $29,000. Triumph Capital Management purchased a new stake in Vistance Networks in the second quarter valued at approximately $32,000. First Bancorp Inc ME acquired a new position in Vistance Networks in the 2nd quarter worth approximately $38,000. Pinnacle Holdings LLC purchased a new position in Vistance Networks during the 2nd quarter worth approximately $48,000. Finally, Nykredit A S acquired a new stake in Vistance Networks during the 2nd quarter valued at approximately $54,000. Hedge funds and other institutional investors own 88.04% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. Wall Street Zen raised shares of Vistance Networks from a “sell” rating to a “hold” rating in a research report on Sunday, August 30th. Weiss Ratings downgraded shares of Vistance Networks from a “hold (c+)” rating to a “hold (c)” rating in a research report on Monday, August 17th. Finally, Zacks Research lowered shares of Vistance Networks from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 30th. Four analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $19.33.

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.