United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund acquired a new stake in shares of VeriSign, Inc. (NASDAQ:VRSN - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 2,900 shares of the information services provider's stock, valued at approximately $600,000.
Other institutional investors also recently made changes to their positions in the company. Connor Clark & Lunn Investment Management Ltd. increased its stake in VeriSign by 186.2% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 3,620 shares of the information services provider's stock worth $688,000 after acquiring an additional 2,355 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in VeriSign by 1.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 527,551 shares of the information services provider's stock valued at $100,214,000 after buying an additional 9,574 shares in the last quarter. Cerity Partners LLC grew its stake in VeriSign by 198.3% during the third quarter. Cerity Partners LLC now owns 27,240 shares of the information services provider's stock worth $5,174,000 after buying an additional 18,108 shares during the period. Algert Global LLC increased its position in shares of VeriSign by 18.5% in the third quarter. Algert Global LLC now owns 3,655 shares of the information services provider's stock worth $694,000 after acquiring an additional 570 shares in the last quarter. Finally, Daiwa Securities Group Inc. raised its stake in shares of VeriSign by 8.3% in the 3rd quarter. Daiwa Securities Group Inc. now owns 12,229 shares of the information services provider's stock valued at $2,323,000 after acquiring an additional 942 shares during the period. 92.90% of the stock is owned by hedge funds and other institutional investors.
VeriSign Trading Down 1.5 %
VRSN stock traded down $3.82 during trading on Friday, reaching $250.92. The stock had a trading volume of 746,822 shares, compared to its average volume of 722,364. The firm has a fifty day moving average price of $230.38 and a 200 day moving average price of $204.39. The company has a market capitalization of $23.74 billion, a P/E ratio of 31.37 and a beta of 0.87. VeriSign, Inc. has a 1-year low of $167.05 and a 1-year high of $256.35.
VeriSign (NASDAQ:VRSN - Get Free Report) last released its quarterly earnings results on Thursday, February 6th. The information services provider reported $2.00 EPS for the quarter, hitting the consensus estimate of $2.00. VeriSign had a negative return on equity of 43.01% and a net margin of 50.47%.
Insider Transactions at VeriSign
In other news, SVP John Calys sold 447 shares of the stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $231.75, for a total transaction of $103,592.25. Following the transaction, the senior vice president now owns 23,735 shares of the company's stock, valued at approximately $5,500,586.25. This trade represents a 1.85 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.84% of the company's stock.
Wall Street Analyst Weigh In
A number of analysts recently weighed in on the stock. StockNews.com cut shares of VeriSign from a "buy" rating to a "hold" rating in a research report on Friday, March 21st. Citigroup upped their target price on VeriSign from $246.00 to $250.00 and gave the stock a "buy" rating in a research report on Tuesday, February 4th. Robert W. Baird upgraded VeriSign from a "neutral" rating to an "outperform" rating and increased their target price for the company from $200.00 to $250.00 in a research note on Monday, December 9th. Finally, Baird R W raised VeriSign from a "hold" rating to a "strong-buy" rating in a research report on Monday, December 9th.
Check Out Our Latest Stock Report on VeriSign
VeriSign Profile
(
Free Report)
VeriSign, Inc, together with its subsidiaries, provides domain name registry services and internet infrastructure that enables internet navigation for various recognized domain names worldwide. The company enables the security, stability, and resiliency of internet infrastructure and services, including providing root zone maintainer services, operating two of thirteen internet root servers; and offering registration services and authoritative resolution for the .com and .net domains, which supports global e-commerce.
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