Vistance Networks (NASDAQ:VISN) Raised to Hold at Wall Street Zen

Vistance Networks (NASDAQ:VISN) was upgraded by stock analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a report released on Sunday, Wall Street Zen reports.

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

Vistance Networks Stock Performance

NASDAQ VISN opened at $6.31 on Friday. Vistance Networks has a one year low of $6.00 and a one year high of $20.55. The stock has a 50-day moving average of $11.67 and a 200 day moving average of $14.33. The company has a market capitalization of $1.46 billion, a price-to-earnings ratio of 0.20 and a beta of 2.36.

Insider Transactions at Vistance Networks

In other news, CAO Charles A. Gilstrap bought 10,000 shares of the company’s stock in a transaction on Monday, August 10th. The shares were acquired 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 of the company’s stock, valued at approximately $3,250,982.75. This trade represents a 3.42% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 3.50% of the company’s stock.

Institutional Investors Weigh In On Vistance Networks

Several hedge funds and other institutional investors have recently made changes to their positions in VISN. Corient Private Wealth LP purchased a new position in shares of Vistance Networks in the second quarter worth approximately $162,000. Amundi purchased a new stake in Vistance Networks during the second quarter valued at approximately $402,000. HighTower Advisors LLC purchased a new stake in Vistance Networks during the second quarter valued at approximately $34,338,000. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in Vistance Networks during the second quarter valued at approximately $180,000. Finally, California State Teachers Retirement System bought a new position in Vistance Networks in the second quarter worth approximately $41,823,000. 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.