Deutsche Bank AG Makes New Investment in Vistance Networks, Inc. $VISN

Deutsche Bank AG purchased a new stake in Vistance Networks, Inc. (NASDAQ:VISN) in the 2nd quarter, HoldingsChannel reports. The fund purchased 364,765 shares of the business services provider’s stock, valued at approximately $4,662,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Bank of New York Mellon Corp acquired a new position in shares of Vistance Networks during the second quarter valued at about $10,674,000. GSA Capital Partners LLP acquired a new stake in shares of Vistance Networks in the 2nd quarter worth about $2,374,000. State of Wyoming bought a new position in Vistance Networks in the 2nd quarter valued at about $212,000. Finally, Persistent Asset Partners Ltd bought a new position in Vistance Networks in the 2nd quarter valued at about $29,000. Institutional investors own 88.04% of the company’s stock.

Wall Street Analysts Forecast Growth

VISN has been the subject of a number of recent research reports. 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. Northland Securities set a $17.00 target price on Vistance Networks in a research report on Friday, May 1st. Finally, Wall Street Zen downgraded Vistance Networks from a “hold” rating to a “sell” rating in a report on Saturday. Four investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat, Vistance Networks currently has an average rating of “Hold” and a consensus target price of $19.33.

Insider Buying and Selling

In other Vistance Networks news, CAO Charles A. Gilstrap acquired 10,000 shares of the business’s stock in a transaction on Monday, August 10th. The shares were acquired at an average price 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 in the company, valued at approximately $3,250,982.75. This trade represents a 3.42% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 3.50% of the company’s stock.

Vistance Networks Stock Up 1.8%

Vistance Networks stock opened at $11.04 on Wednesday. Vistance Networks, Inc. has a 52 week low of $9.47 and a 52 week high of $20.55. The company’s 50 day moving average price is $11.98 and its two-hundred day moving average price is $14.61. The stock has a market cap of $2.55 billion, a P/E ratio of 0.36 and a beta of 2.36.

Vistance Networks Dividend Announcement

The firm also recently declared a dividend, which will be paid on Thursday, August 27th. Investors of record on Monday, August 17th will be issued a dividend of $5.00 per share. The ex-dividend date is Friday, August 28th.

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.