VeriSign, Inc. (NASDAQ:VRSN) Shares Sold by Jump Financial LLC

Jump Financial LLC lessened its holdings in shares of VeriSign, Inc. (NASDAQ:VRSN - Free Report) by 11.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,453 shares of the information services provider's stock after selling 1,814 shares during the period. Jump Financial LLC's holdings in VeriSign were worth $2,784,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in VRSN. Whipplewood Advisors LLC acquired a new position in shares of VeriSign during the fourth quarter valued at approximately $26,000. Crewe Advisors LLC acquired a new stake in shares of VeriSign in the fourth quarter valued at approximately $26,000. Venturi Wealth Management LLC increased its holdings in shares of VeriSign by 127.2% in 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 last quarter. BankPlus Trust Department acquired a new stake in shares of VeriSign in the fourth quarter valued at approximately $49,000. Finally, Spire Wealth Management increased its holdings in shares of VeriSign by 69.8% in the fourth quarter. Spire Wealth Management now owns 253 shares of the information services provider's stock valued at $52,000 after purchasing an additional 104 shares during the last quarter. Hedge funds and other institutional investors own 92.90% of the company's stock.

Insider Activity at VeriSign

In other VeriSign news, SVP John Calys sold 447 shares of the firm's stock in a transaction 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 sale, the senior vice president now directly owns 23,735 shares in the company, valued at $5,500,586.25. This trade represents a 1.85 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.84% of the stock is currently owned by company insiders.

VeriSign Stock Performance

Shares of VRSN traded up $2.58 during midday trading on Wednesday, hitting $250.66. 196,987 shares of the stock were exchanged, compared to its average volume of 744,210. VeriSign, Inc. has a 52-week low of $167.05 and a 52-week high of $258.67. The stock has a fifty day simple moving average of $241.47 and a 200 day simple moving average of $212.54. The firm has a market cap of $23.59 billion, a P/E ratio of 31.33 and a beta of 0.87.

VeriSign (NASDAQ:VRSN - Get Free Report) last released its quarterly 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 Upgrades and Downgrades

Several research analysts recently weighed in on the company. Citigroup increased their price objective on VeriSign from $246.00 to $250.00 and gave the stock a "buy" rating in a research report on Tuesday, February 4th. Robert W. Baird increased their price objective on VeriSign from $255.00 to $275.00 and gave the stock an "outperform" rating in a research report on Tuesday, April 1st. Finally, StockNews.com upgraded VeriSign from a "hold" rating to a "buy" rating in a research report on Saturday, April 12th.

VeriSign Company Profile

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.