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

Vistance Networks, Inc. (NASDAQ:VISN) Director L William Krause sold 23,864 shares of Vistance Networks stock in a transaction that occurred 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 directly owned 74,507 shares in the company, valued at approximately $467,158.89. The trade was a 24.26% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

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 Stock Performance

Shares of NASDAQ:VISN opened at $6.40 on Friday. Vistance Networks, Inc. has a 52-week low of $6.00 and a 52-week high of $20.55. The firm has a market capitalization of $1.48 billion, a P/E ratio of 0.21 and a beta of 2.39. The stock has a 50 day moving average price of $11.17 and a 200-day moving average price of $14.01.

Vistance Networks Announces Dividend

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

Analysts Set New Price Targets

A number of analysts have recently commented on the stock. Wall Street Zen upgraded shares of Vistance Networks from a “sell” rating to a “hold” rating in a report on Sunday, August 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. Finally, Zacks Research downgraded 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 has an average rating of “Hold” and a consensus target price of $19.33.

Hedge Funds Weigh In On Vistance Networks

Several large investors have recently modified their holdings of the stock. BlackRock Inc. purchased a new stake in Vistance Networks during the 2nd quarter valued at about $319,679,000. Bank of America Corp DE bought a new position in shares of Vistance Networks in the second quarter worth approximately $73,146,000. California State Teachers Retirement System purchased a new stake in shares of Vistance Networks during the second quarter valued at approximately $41,823,000. HighTower Advisors LLC purchased a new stake in shares of Vistance Networks during the second quarter valued at approximately $34,338,000. Finally, Allianz Asset Management GmbH bought a new stake in shares of Vistance Networks during the second quarter valued at approximately $34,115,000. Hedge funds and other institutional investors own 88.04% of the company’s stock.

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.