Cibc World Markets Corp Buys 1,620 Shares of VeriSign, Inc. (NASDAQ:VRSN)

Cibc World Markets Corp boosted its stake in VeriSign, Inc. (NASDAQ:VRSN - Free Report) by 1.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 147,002 shares of the information services provider's stock after purchasing an additional 1,620 shares during the quarter. Cibc World Markets Corp owned about 0.15% of VeriSign worth $30,424,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of VRSN. Crewe Advisors LLC acquired a new position in shares of VeriSign during the fourth quarter valued at about $26,000. Whipplewood Advisors LLC acquired a new position in shares of VeriSign during the fourth quarter valued at about $26,000. Venturi Wealth Management LLC grew its holdings in shares of VeriSign by 127.2% during the fourth quarter. Venturi Wealth Management LLC now owns 184 shares of the information services provider's stock valued at $38,000 after buying an additional 103 shares during the last quarter. BankPlus Trust Department acquired a new position in shares of VeriSign during the fourth quarter valued at about $49,000. Finally, Spire Wealth Management grew its holdings in shares of VeriSign by 69.8% during the fourth quarter. Spire Wealth Management now owns 253 shares of the information services provider's stock valued at $52,000 after buying an additional 104 shares during the last quarter. 92.90% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

VRSN has been the subject of a number of analyst reports. StockNews.com cut shares of VeriSign from a "buy" rating to a "hold" rating in a report on Wednesday, March 12th. Citigroup lifted their price objective on shares of VeriSign from $246.00 to $250.00 and gave the company a "buy" rating in a report on Tuesday, February 4th. Baird R W raised shares of VeriSign from a "hold" rating to a "strong-buy" rating in a research report on Monday, December 9th. Finally, Robert W. Baird raised shares of VeriSign from a "neutral" rating to an "outperform" rating and raised their price target for the company from $200.00 to $250.00 in a research report on Monday, December 9th.

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VeriSign Trading Up 0.0 %

Shares of VRSN traded up $0.10 during trading hours on Thursday, reaching $242.31. 742,070 shares of the stock traded hands, compared to its average volume of 684,872. The stock has a fifty day simple moving average of $225.10 and a 200 day simple moving average of $201.41. VeriSign, Inc. has a 52 week low of $167.05 and a 52 week high of $244.77. The company has a market cap of $22.92 billion, a price-to-earnings ratio of 30.29 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 earnings per share 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%.

Insiders Place Their Bets

In other VeriSign news, SVP John Calys sold 447 shares of VeriSign stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $231.75, for a total value of $103,592.25. Following the sale, the senior vice president now 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 SEC, which is accessible through this link. Insiders own 0.84% of the company's stock.

About VeriSign

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.