DRW Securities LLC bought a new stake in shares of VeriSign, Inc. (NASDAQ:VRSN - Free Report) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 1,182 shares of the information services provider's stock, valued at approximately $245,000.
A number of other hedge funds have also made changes to their positions in the stock. Whipplewood Advisors LLC acquired a new position in VeriSign during the 4th quarter valued at about $26,000. Crewe Advisors LLC bought a new position in shares of VeriSign in the fourth quarter worth $26,000. Venturi Wealth Management LLC increased 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 purchasing an additional 103 shares during the period. BankPlus Trust Department bought a new position in VeriSign in the 4th quarter valued at about $49,000. Finally, Spire Wealth Management increased its stake in VeriSign by 69.8% during the 4th 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 period. Institutional investors and hedge funds own 92.90% of the company's stock.
VeriSign Stock Performance
NASDAQ:VRSN traded down $4.30 during trading hours on Wednesday, hitting $245.93. 606,605 shares of the company's stock traded hands, compared to its average volume of 742,447. VeriSign, Inc. has a twelve month low of $167.05 and a twelve month high of $258.67. The firm has a market cap of $23.26 billion, a P/E ratio of 30.74 and a beta of 0.87. The stock's fifty day moving average price is $239.45 and its two-hundred day moving average price is $210.52.
VeriSign (NASDAQ:VRSN - Get Free Report) last posted its 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%.
Analyst Ratings Changes
Several equities analysts have recently issued reports on VRSN shares. StockNews.com raised shares of VeriSign from a "hold" rating to a "buy" rating in a research note on Saturday. Citigroup boosted their target price on VeriSign from $246.00 to $250.00 and gave the stock a "buy" rating in a research report on Tuesday, February 4th. Finally, Robert W. Baird lifted their price target on VeriSign from $255.00 to $275.00 and gave the stock an "outperform" rating in a research note on Tuesday, April 1st.
Get Our Latest Analysis on VeriSign
Insider Transactions at VeriSign
In other VeriSign 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 approximately $5,500,586.25. The trade was a 1.85 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 0.84% of the company's stock.
VeriSign Company Profile
(
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.
Recommended Stories
Before you consider VeriSign, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and VeriSign wasn't on the list.
While VeriSign currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
