Elevate Capital Advisors LLC purchased a new position in VeriSign, Inc. (NASDAQ:VRSN - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 6,689 shares of the information services provider's stock, valued at approximately $1,384,000.
A number of other large investors have also bought and sold shares of VRSN. Empirical Finance LLC grew its holdings in shares of VeriSign by 1.9% during the third quarter. Empirical Finance LLC now owns 3,038 shares of the information services provider's stock valued at $577,000 after buying an additional 57 shares during the last quarter. West Family Investments Inc. grew its holdings in shares of VeriSign by 3.9% during the third quarter. West Family Investments Inc. now owns 1,537 shares of the information services provider's stock valued at $292,000 after buying an additional 57 shares during the last quarter. CX Institutional grew its holdings in shares of VeriSign by 5.1% during 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. Patriot Financial Group Insurance Agency LLC grew its holdings 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 valued at $296,000 after buying an additional 74 shares during the last quarter. Finally, Hantz Financial Services Inc. grew its holdings in shares of VeriSign by 2.7% during the fourth quarter. Hantz Financial Services Inc. now owns 3,125 shares of the information services provider's stock valued at $647,000 after buying an additional 81 shares during the last quarter. 92.90% of the stock is currently owned by institutional investors and hedge funds.
Insiders Place Their Bets
In other news, EVP Danny R. Mcpherson sold 2,092 shares of the business's stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $192.43, for a total value of $402,563.56. Following the sale, the executive vice president now owns 26,157 shares of the company's stock, valued at $5,033,391.51. The trade was a 7.41 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 0.84% of the company's stock.
VeriSign Stock Performance
VRSN stock traded up $1.85 during mid-day trading on Thursday, hitting $229.34. The company had a trading volume of 817,307 shares, compared to its average volume of 749,703. The firm has a market cap of $22.04 billion, a PE ratio of 28.67 and a beta of 0.90. VeriSign, Inc. has a 12 month low of $167.04 and a 12 month high of $230.30. The stock's fifty day moving average price is $207.56 and its two-hundred day moving average price is $191.72.
VeriSign (NASDAQ:VRSN - Get Free Report) last announced its quarterly earnings data 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 net margin of 50.47% and a negative return on equity of 44.06%.
Analyst Ratings Changes
A number of research analysts recently weighed in on VRSN shares. Baird R W raised shares of VeriSign from a "hold" rating to a "strong-buy" rating in a research report on Monday, December 9th. Citigroup raised their price target on shares of VeriSign from $246.00 to $250.00 and gave the company a "buy" rating in a research report on Tuesday, February 4th. StockNews.com raised shares of VeriSign from a "hold" rating to a "buy" rating in a research report on Tuesday, January 7th. 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.
Read Our Latest Stock Analysis on VeriSign
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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