VeriSign, Inc. (NASDAQ:VRSN) Shares Purchased by Amundi

Amundi raised its stake in VeriSign, Inc. (NASDAQ:VRSN - Free Report) by 17.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 702,055 shares of the information services provider's stock after acquiring an additional 106,094 shares during the quarter. Amundi owned approximately 0.73% of VeriSign worth $148,604,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Jacobs Levy Equity Management Inc. raised its stake in shares of VeriSign by 7.3% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 693,369 shares of the information services provider's stock worth $131,712,000 after buying an additional 47,412 shares during the period. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new position in shares of VeriSign during the 4th quarter worth approximately $141,129,000. BNP Paribas Financial Markets raised its stake in shares of VeriSign by 26.3% during the 3rd quarter. BNP Paribas Financial Markets now owns 580,613 shares of the information services provider's stock worth $110,293,000 after buying an additional 120,958 shares during the period. Charles Schwab Investment Management Inc. raised its stake in shares of VeriSign by 8.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 570,016 shares of the information services provider's stock worth $117,971,000 after buying an additional 42,465 shares during the period. Finally, Diamond Hill Capital Management Inc. raised its stake in shares of VeriSign by 12.2% during the 3rd quarter. Diamond Hill Capital Management Inc. now owns 428,647 shares of the information services provider's stock worth $81,426,000 after buying an additional 46,677 shares during the period. 92.90% of the stock is owned by institutional investors and hedge funds.

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Analyst Ratings Changes

Several research analysts have recently weighed in on the company. StockNews.com downgraded VeriSign from a "buy" rating to a "hold" rating in a research note on Monday, March 3rd. Baird R W raised VeriSign from a "hold" rating to a "strong-buy" rating in a research note on Monday, December 9th. Citigroup increased their price objective on VeriSign from $246.00 to $250.00 and gave the company a "buy" rating in a research note on Tuesday, February 4th. Finally, Robert W. Baird raised VeriSign from a "neutral" rating to an "outperform" rating and increased their price objective for the company from $200.00 to $250.00 in a research note on Monday, December 9th.

VeriSign Trading Down 1.0 %

NASDAQ:VRSN traded down $2.48 during trading hours on Tuesday, hitting $236.54. The company had a trading volume of 918,153 shares, compared to its average volume of 810,536. The company has a 50-day moving average of $220.94 and a 200 day moving average of $198.78. The company has a market cap of $22.38 billion, a P/E ratio of 29.57 and a beta of 0.87. VeriSign, Inc. has a 1 year low of $167.04 and a 1 year high of $242.23.

VeriSign (NASDAQ:VRSN - Get Free Report) last issued its earnings results on Thursday, February 6th. The information services provider reported $2.00 earnings per share (EPS) for the quarter, meeting 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 on Monday, February 24th. The stock was sold at an average price of $231.75, for a total transaction of $103,592.25. Following the completion of the transaction, the senior vice president now directly owns 23,735 shares in the company, valued at approximately $5,500,586.25. This represents a 1.85 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.84% of the company's stock.

VeriSign Profile

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.