Covestor Ltd lifted its holdings in VeriSign, Inc. (NASDAQ:VRSN - Free Report) by 905.0% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,407 shares of the information services provider's stock after purchasing an additional 1,267 shares during the quarter. Covestor Ltd's holdings in VeriSign were worth $292,000 as of its most recent filing with the SEC.
Other large investors have also recently bought and sold shares of the company. Sequoia Financial Advisors LLC lifted its stake in 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 acquiring an additional 48 shares in the last quarter. HighTower Advisors LLC raised its holdings in shares of VeriSign by 1.8% during the fourth quarter. HighTower Advisors LLC now owns 3,256 shares of the information services provider's stock worth $674,000 after acquiring an additional 56 shares in the last quarter. CX Institutional grew 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 purchasing an additional 57 shares in the last quarter. Whittier Trust Co. of Nevada Inc. lifted its holdings in shares of VeriSign by 4.6% during the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 1,469 shares of the information services provider's stock valued at $304,000 after buying an additional 64 shares during the last quarter. Finally, Patriot Financial Group Insurance Agency LLC increased its holdings in VeriSign by 5.5% in 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 buying an additional 74 shares during the last quarter. Institutional investors and hedge funds own 92.90% of the company's stock.
Insider Activity at VeriSign
In other news, SVP John Calys sold 447 shares of the business's 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 sale, the senior vice president now owns 23,735 shares in the company, valued at $5,500,586.25. The trade was a 1.85 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.84% of the stock is currently owned by company insiders.
Analysts Set New Price Targets
VRSN has been the topic of a number of recent research reports. StockNews.com upgraded shares of VeriSign from a "hold" rating to a "buy" rating in a report on Saturday. Robert W. Baird upped their price target on VeriSign from $255.00 to $275.00 and gave the stock an "outperform" rating in a report on Tuesday, April 1st. Finally, Citigroup raised their price target on shares of VeriSign from $246.00 to $250.00 and gave the stock a "buy" rating in a research report on Tuesday, February 4th.
Read Our Latest Stock Report on VRSN
VeriSign Price Performance
Shares of VeriSign stock traded up $2.63 during trading on Tuesday, hitting $249.85. 225,386 shares of the company's stock traded hands, compared to its average volume of 740,345. VeriSign, Inc. has a twelve month low of $167.05 and a twelve month high of $258.67. The company has a market cap of $23.64 billion, a PE ratio of 31.23 and a beta of 0.87. The firm's fifty day moving average price is $238.85 and its 200 day moving average price is $210.24.
VeriSign (NASDAQ:VRSN - Get Free Report) last announced its earnings results on Thursday, February 6th. The information services provider reported $2.00 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $2.00. VeriSign had a net margin of 50.47% and a negative return on equity of 43.01%.
About VeriSign
(
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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