VeriSign, Inc. (NASDAQ:VRSN) Stock Holdings Trimmed by Hutchinson Capital Management CA

Hutchinson Capital Management CA trimmed its position in VeriSign, Inc. (NASDAQ:VRSN - Free Report) by 2.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 77,106 shares of the information services provider's stock after selling 1,889 shares during the period. VeriSign makes up about 3.0% of Hutchinson Capital Management CA's holdings, making the stock its 11th biggest position. Hutchinson Capital Management CA owned approximately 0.08% of VeriSign worth $15,958,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of VRSN. Amundi raised its stake in shares of VeriSign by 17.8% during the 4th quarter. Amundi now owns 702,055 shares of the information services provider's stock worth $148,604,000 after buying an additional 106,094 shares in the last quarter. Jacobs Levy Equity Management Inc. lifted its holdings in VeriSign by 7.3% in the third quarter. Jacobs Levy Equity Management Inc. now owns 693,369 shares of the information services provider's stock valued at $131,712,000 after acquiring an additional 47,412 shares during the period. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new stake in VeriSign in the fourth quarter valued at $141,129,000. BNP Paribas Financial Markets boosted its position in shares of VeriSign by 26.3% during the 3rd quarter. BNP Paribas Financial Markets now owns 580,613 shares of the information services provider's stock worth $110,293,000 after purchasing an additional 120,958 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of VeriSign by 8.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 570,016 shares of the information services provider's stock worth $117,971,000 after purchasing an additional 42,465 shares during the period. 92.90% of the stock is owned by institutional investors and hedge funds.

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Insider Transactions at VeriSign

In other news, SVP John Calys sold 447 shares of the business's stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $231.75, for a total value of $103,592.25. Following the completion of the sale, the senior vice president now directly owns 23,735 shares in the company, valued at approximately $5,500,586.25. The trade was a 1.85 % decrease in their position. 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.

VeriSign Stock Up 0.0 %

Shares of NASDAQ VRSN traded up $0.10 during midday trading on Thursday, hitting $242.31. The stock had a trading volume of 564,961 shares, compared to its average volume of 684,872. The company has a fifty day moving average price of $225.10 and a 200 day moving average price of $201.41. The company has a market capitalization of $22.92 billion, a price-to-earnings ratio of 30.29 and a beta of 0.87. VeriSign, Inc. has a 1-year low of $167.05 and a 1-year high of $244.77.

VeriSign (NASDAQ:VRSN - Get Free Report) last announced its earnings results on Thursday, February 6th. The information services provider reported $2.00 EPS for the quarter, meeting the consensus estimate of $2.00. VeriSign had a negative return on equity of 43.01% and a net margin of 50.47%.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the stock. Citigroup boosted their price objective on shares of VeriSign from $246.00 to $250.00 and gave the stock a "buy" rating in a report on Tuesday, February 4th. Baird R W upgraded VeriSign from a "hold" rating to a "strong-buy" rating in a report on Monday, December 9th. StockNews.com cut VeriSign from a "buy" rating to a "hold" rating in a report on Wednesday, March 12th. Finally, Robert W. Baird raised VeriSign from a "neutral" rating to an "outperform" rating and upped their target price for the company from $200.00 to $250.00 in a report on Monday, December 9th.

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.