Aster Capital Management DIFC Ltd Has $310,000 Stock Holdings in VeriSign, Inc. (NASDAQ:VRSN)

Aster Capital Management DIFC Ltd trimmed its position in VeriSign, Inc. (NASDAQ:VRSN - Free Report) by 50.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,498 shares of the information services provider's stock after selling 1,506 shares during the quarter. Aster Capital Management DIFC Ltd's holdings in VeriSign were worth $310,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in VRSN. Sequoia Financial Advisors LLC lifted its holdings in shares of VeriSign by 2.5% in the 4th quarter. Sequoia Financial Advisors LLC now owns 1,960 shares of the information services provider's stock worth $406,000 after purchasing an additional 48 shares during the last quarter. HighTower Advisors LLC increased its position in VeriSign by 1.8% in the fourth quarter. HighTower Advisors LLC now owns 3,256 shares of the information services provider's stock worth $674,000 after buying an additional 56 shares during the period. CX Institutional lifted its stake in VeriSign by 5.1% in the fourth quarter. CX Institutional now owns 1,173 shares of the information services provider's stock valued at $243,000 after buying an additional 57 shares during the last quarter. Whittier Trust Co. of Nevada Inc. boosted its holdings in shares of VeriSign by 4.6% during the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 1,469 shares of the information services provider's stock valued at $304,000 after acquiring an additional 64 shares during the period. Finally, Patriot Financial Group Insurance Agency LLC grew its position in shares of VeriSign by 5.5% during the fourth quarter. Patriot Financial Group Insurance Agency LLC now owns 1,429 shares of the information services provider's stock worth $296,000 after acquiring an additional 74 shares during the last quarter. 92.90% of the stock is owned by institutional investors and hedge funds.

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Wall Street Analyst Weigh In

VRSN has been the subject of a number of analyst reports. Citigroup boosted their target price on shares of VeriSign from $246.00 to $250.00 and gave the company a "buy" rating in a research note on Tuesday, February 4th. StockNews.com upgraded VeriSign from a "hold" rating to a "buy" rating in a research report on Saturday. Finally, Robert W. Baird raised their target price on VeriSign from $255.00 to $275.00 and gave the company an "outperform" rating in a research report on Tuesday, April 1st.

Insider Transactions at VeriSign

In other news, SVP John Calys sold 447 shares of VeriSign stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $231.75, for a total value of $103,592.25. Following the transaction, the senior vice president now owns 23,735 shares of the company's stock, valued at $5,500,586.25. The trade was a 1.85 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 0.84% of the company's stock.

VeriSign Stock Up 1.8 %

VeriSign stock traded up $4.26 during trading hours on Friday, hitting $247.13. 626,259 shares of the company traded hands, compared to its average volume of 741,250. VeriSign, Inc. has a 1-year low of $167.05 and a 1-year high of $258.67. The firm has a market cap of $23.38 billion, a P/E ratio of 30.89 and a beta of 0.87. The firm's 50-day simple moving average is $238.32 and its two-hundred day simple moving average is $209.85.

VeriSign (NASDAQ:VRSN - Get Free Report) last posted its quarterly earnings data on Thursday, February 6th. The information services provider reported $2.00 EPS for the quarter, meeting analysts' consensus estimates of $2.00. VeriSign had a net margin of 50.47% and a negative return on equity of 43.01%.

VeriSign Company 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.