Korea Investment CORP grew its holdings in shares of VeriSign, Inc. (NASDAQ:VRSN - Free Report) by 42.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 29,943 shares of the information services provider's stock after acquiring an additional 8,900 shares during the period. Korea Investment CORP's holdings in VeriSign were worth $6,197,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Sequoia Financial Advisors LLC increased its holdings in VeriSign by 2.5% in the 4th quarter. Sequoia Financial Advisors LLC now owns 1,960 shares of the information services provider's stock valued at $406,000 after acquiring an additional 48 shares during the last quarter. HighTower Advisors LLC raised its stake in shares of VeriSign by 1.8% during the fourth quarter. HighTower Advisors LLC now owns 3,256 shares of the information services provider's stock valued at $674,000 after acquiring an additional 56 shares in the last quarter. CX Institutional lifted its holdings in shares of VeriSign by 5.1% in the 4th quarter. CX Institutional now owns 1,173 shares of the information services provider's stock worth $243,000 after buying an additional 57 shares during the period. Whittier Trust Co. of Nevada Inc. grew its holdings in VeriSign by 4.6% during the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 1,469 shares of the information services provider's stock worth $304,000 after acquiring an additional 64 shares in the last quarter. Finally, Patriot Financial Group Insurance Agency LLC lifted its holdings in 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 worth $296,000 after buying an additional 74 shares during the period. Hedge funds and other institutional investors own 92.90% of the company's stock.
Insider Buying and Selling at VeriSign
In other VeriSign news, SVP John Calys sold 447 shares of the stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $231.75, for a total transaction of $103,592.25. Following the transaction, the senior vice president now owns 23,735 shares of the company's stock, valued at $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 available at the SEC website. 0.84% of the stock is currently owned by corporate insiders.
VeriSign Stock Down 6.0 %
Shares of NASDAQ VRSN traded down $15.23 during mid-day trading on Friday, hitting $240.20. 1,875,315 shares of the company were exchanged, compared to its average volume of 731,999. The firm has a market cap of $22.72 billion, a price-to-earnings ratio of 30.03 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 has a 50 day simple moving average of $234.69 and a 200-day simple moving average of $207.00.
VeriSign (NASDAQ:VRSN - Get Free Report) last posted its earnings results on Thursday, February 6th. The information services provider reported $2.00 EPS for the quarter, hitting analysts' consensus estimates 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 research firms recently commented on VRSN. Baird R W upgraded shares of VeriSign from a "hold" rating to a "strong-buy" rating in a research note on Monday, December 9th. StockNews.com upgraded VeriSign from a "hold" rating to a "buy" rating in a research note on Thursday. Citigroup increased their price objective on shares of VeriSign from $246.00 to $250.00 and gave the company a "buy" rating in a report on Tuesday, February 4th. Finally, Robert W. Baird boosted their target price on VeriSign from $255.00 to $275.00 and gave the stock an "outperform" rating in a report on Tuesday.
View Our Latest Stock Analysis on VRSN
VeriSign 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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