4,719 Shares in VeriSign, Inc. (NASDAQ:VRSN) Bought by AXQ Capital LP

AXQ Capital LP acquired a new stake in VeriSign, Inc. (NASDAQ:VRSN - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 4,719 shares of the information services provider's stock, valued at approximately $977,000.

Several other institutional investors have also recently added to or reduced their stakes in VRSN. OneDigital Investment Advisors LLC acquired a new position in shares of VeriSign during the 3rd quarter valued at about $263,000. Empowered Funds LLC grew its holdings in VeriSign by 20.5% in the third quarter. Empowered Funds LLC now owns 8,195 shares of the information services provider's stock valued at $1,557,000 after purchasing an additional 1,392 shares during the period. B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in VeriSign in the third quarter valued at approximately $392,000. Connor Clark & Lunn Investment Management Ltd. increased its position 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 purchasing an additional 2,355 shares during the last quarter. Finally, First Horizon Advisors Inc. raised its stake in VeriSign by 2.9% during the third quarter. First Horizon Advisors Inc. now owns 3,832 shares of the information services provider's stock worth $728,000 after purchasing an additional 107 shares during the period. 92.90% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at VeriSign

In other news, SVP John Calys sold 447 shares of VeriSign stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $231.75, for a total transaction of $103,592.25. Following the sale, the senior vice president now directly owns 23,735 shares of the company's stock, valued at approximately $5,500,586.25. The trade was a 1.85 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.84% of the company's stock.

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VeriSign Stock Performance

Shares of NASDAQ:VRSN traded up $2.32 during midday trading on Wednesday, hitting $248.13. 568,529 shares of the company's stock traded hands, compared to its average volume of 691,581. VeriSign, Inc. has a twelve month low of $167.05 and a twelve month high of $249.15. The firm's fifty day moving average price is $227.92 and its two-hundred day moving average price is $203.24. The company has a market cap of $23.47 billion, a PE ratio of 31.02 and a beta of 0.87.

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%.

Analysts Set New Price Targets

Several brokerages have recently issued reports on VRSN. Robert W. Baird raised shares of VeriSign from a "neutral" rating to an "outperform" rating and boosted their price objective for the company from $200.00 to $250.00 in a research note on Monday, December 9th. Citigroup upped their price target on VeriSign from $246.00 to $250.00 and gave the stock a "buy" rating in a research note on Tuesday, February 4th. StockNews.com downgraded VeriSign from a "buy" rating to a "hold" rating in a report on Friday, March 21st. Finally, Baird R W upgraded VeriSign from a "hold" rating to a "strong-buy" rating in a report on Monday, December 9th.

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.