Deutsche Bank AG Invests $4.66 Million in Vistance Networks, Inc. $VISN

Key Points

• Deutsche Bank purchased 364,765 shares of Vistance Networks in the second quarter, valued at approximately $4.66 million, while institutional investors collectively owned 88.04% of the company.
• Analyst sentiment weakened, with Wall Street Zen downgrading the stock to “sell” and Zacks Research cutting its rating to “hold.” The consensus rating is “Hold,” with an average price target of $19.33.
• VISN shares opened at $11.04, well below their 12-month high of $20.55. Company insider Charles A. Gilstrap also bought 10,000 shares for $107,500, and the company announced a $5.00-per-share dividend.

Deutsche Bank AG purchased a new stake in Vistance Networks, Inc. (NASDAQ:VISN - Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 364,765 shares of the business services provider's stock, valued at approximately $4,662,000. Deutsche Bank AG owned about 0.16% of Vistance Networks as of its most recent filing with the Securities and Exchange Commission.

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

Analyst Ratings Changes

A number of research firms have weighed in on VISN. Wall Street Zen lowered shares of Vistance Networks from a "hold" rating to a "sell" rating in a report on Saturday. Northland Securities set a $17.00 price target on shares of Vistance Networks in a research note on Friday, May 1st. Zacks Research downgraded shares of Vistance Networks from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, June 30th. Finally, Weiss Ratings lowered shares of Vistance Networks from a "hold (c+)" rating to a "hold (c)" rating in a report on Monday, August 17th. Four equities research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $19.33.

Insider Buying and Selling

In other Vistance Networks news, CAO Charles A. Gilstrap bought 10,000 shares of the stock in a transaction on Monday, August 10th. The stock was acquired at an average cost of $10.75 per share, for a total transaction of $107,500.00. Following the completion of the acquisition, the chief accounting officer owned 302,417 shares in the company, valued at $3,250,982.75. This trade represents a 3.42% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this link. 3.50% of the stock is owned by corporate insiders.

Vistance Networks Trading Up 1.8%

Shares of VISN opened at $11.04 on Wednesday. The firm's fifty day simple moving average is $11.98 and its two-hundred day simple moving average is $14.61. Vistance Networks, Inc. has a 12 month low of $9.47 and a 12 month high of $20.55. The stock has a market capitalization 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 announced a dividend, which will be paid on Thursday, August 27th. Investors of record on Monday, August 17th will be given a dividend of $5.00 per share. The ex-dividend date is Friday, August 28th.

Vistance Networks 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.

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