Invesco Ltd. lifted its position in shares of VeriSign, Inc. (NASDAQ:VRSN - Free Report) by 2.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,701,154 shares of the information services provider's stock after buying an additional 35,326 shares during the quarter. Invesco Ltd. owned approximately 1.77% of VeriSign worth $352,071,000 at the end of the most recent quarter.
Several other institutional investors have also recently made changes to their positions in VRSN. Quantinno Capital Management LP boosted its position in VeriSign by 78.2% during the third quarter. Quantinno Capital Management LP now owns 10,276 shares of the information services provider's stock valued at $1,952,000 after purchasing an additional 4,508 shares in the last quarter. EP Wealth Advisors LLC purchased a new stake in shares of VeriSign during the third quarter valued at about $792,000. National Bank of Canada FI boosted its holdings in shares of VeriSign by 35.5% in the 3rd quarter. National Bank of Canada FI now owns 72,924 shares of the information services provider's stock valued at $13,853,000 after buying an additional 19,111 shares in the last quarter. MML Investors Services LLC grew its position in shares of VeriSign by 602.6% in the 3rd quarter. MML Investors Services LLC now owns 11,712 shares of the information services provider's stock worth $2,225,000 after buying an additional 10,045 shares during the last quarter. Finally, Nomura Asset Management Co. Ltd. raised its stake in shares of VeriSign by 1.4% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 45,048 shares of the information services provider's stock worth $8,557,000 after acquiring an additional 632 shares in the last quarter. Hedge funds and other institutional investors own 92.90% of the company's stock.
VeriSign Trading Up 1.3 %
Shares of NASDAQ:VRSN traded up $3.33 on Tuesday, hitting $250.55. 149,551 shares of the company were exchanged, compared to its average volume of 740,054. The firm has a market capitalization of $23.70 billion, a P/E ratio of 31.32 and a beta of 0.87. VeriSign, Inc. has a 1-year low of $167.05 and a 1-year high of $258.67. The stock's 50 day moving average price is $238.85 and its 200 day moving average price is $210.24.
VeriSign (NASDAQ:VRSN - Get Free Report) last posted its quarterly earnings results on Thursday, February 6th. The information services provider reported $2.00 earnings per share 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%.
Insider Buying and Selling at VeriSign
In other VeriSign news, SVP John Calys sold 447 shares of VeriSign stock in a transaction dated 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 transaction, the senior vice president now owns 23,735 shares in the company, valued at approximately $5,500,586.25. This trade represents a 1.85 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 0.84% of the company's stock.
Analysts Set New Price Targets
Several equities analysts have issued reports on the stock. Robert W. Baird lifted their price target on shares of VeriSign from $255.00 to $275.00 and gave the stock an "outperform" rating in a report on Tuesday, April 1st. Citigroup boosted their target price on VeriSign from $246.00 to $250.00 and gave the stock a "buy" rating in a research note on Tuesday, February 4th. Finally, StockNews.com upgraded VeriSign from a "hold" rating to a "buy" rating in a research note on Saturday.
View Our Latest Report on VRSN
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.
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