VeriSign, Inc. (NASDAQ:VRSN) Shares Sold by Jupiter Asset Management Ltd.

Jupiter Asset Management Ltd. trimmed its position in shares of VeriSign, Inc. (NASDAQ:VRSN - Free Report) by 41.4% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 43,012 shares of the information services provider's stock after selling 30,337 shares during the quarter. Jupiter Asset Management Ltd.'s holdings in VeriSign were worth $8,902,000 as of its most recent filing with the SEC.

Several other large investors have also recently made changes to their positions in the company. Nordea Investment Management AB increased its stake in shares of VeriSign by 544.1% in the 4th quarter. Nordea Investment Management AB now owns 391,319 shares of the information services provider's stock worth $81,003,000 after acquiring an additional 330,561 shares during the last quarter. Birch Capital Management LLC increased its position in VeriSign by 3,996.0% during the fourth quarter. Birch Capital Management LLC now owns 4,096 shares of the information services provider's stock worth $848,000 after purchasing an additional 3,996 shares during the last quarter. Allspring Global Investments Holdings LLC raised its stake in VeriSign by 322.2% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 261,526 shares of the information services provider's stock worth $53,639,000 after purchasing an additional 199,583 shares during the period. Truist Financial Corp boosted its holdings in VeriSign by 12.2% in the 4th quarter. Truist Financial Corp now owns 20,462 shares of the information services provider's stock valued at $4,235,000 after purchasing an additional 2,218 shares during the last quarter. Finally, MML Investors Services LLC grew its stake 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 valued at $2,225,000 after buying an additional 10,045 shares during the period. 92.90% of the stock is currently owned by hedge funds and other institutional investors.

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VeriSign Stock Up 0.1 %

NASDAQ VRSN traded up $0.17 during trading hours on Monday, hitting $238.52. 783,709 shares of the company were exchanged, compared to its average volume of 684,109. The firm has a market cap of $22.56 billion, a price-to-earnings ratio of 29.82 and a beta of 0.87. The company has a 50 day moving average of $223.32 and a two-hundred day moving average of $200.33. VeriSign, Inc. has a 52-week low of $167.05 and a 52-week high of $242.23.

VeriSign (NASDAQ:VRSN - Get Free Report) last issued its 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 net margin of 50.47% and a negative return on equity of 43.01%.

Insider Transactions at VeriSign

In other VeriSign news, SVP John Calys sold 447 shares of the firm's stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $231.75, for a total transaction of $103,592.25. Following the sale, the senior vice president now owns 23,735 shares of the company's stock, valued at approximately $5,500,586.25. This trade represents a 1.85 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.84% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on VRSN. Robert W. Baird upgraded VeriSign from a "neutral" rating to an "outperform" rating and increased their price objective for the stock from $200.00 to $250.00 in a research report on Monday, December 9th. StockNews.com downgraded VeriSign from a "buy" rating to a "hold" rating in a research report on Wednesday, March 12th. Citigroup upped their target price 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. Finally, Baird R W raised shares of VeriSign from a "hold" rating to a "strong-buy" rating in a research note 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.