Mn Services Vermogensbeheer B.V. Purchases 1,700 Shares of VeriSign, Inc. (NASDAQ:VRSN)

Mn Services Vermogensbeheer B.V. lifted its holdings in shares of VeriSign, Inc. (NASDAQ:VRSN - Free Report) by 4.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 37,800 shares of the information services provider's stock after buying an additional 1,700 shares during the period. Mn Services Vermogensbeheer B.V.'s holdings in VeriSign were worth $7,823,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of VRSN. Allegiance Financial Group Advisory Services LLC purchased a new stake in VeriSign during the 4th quarter valued at $230,000. Whipplewood Advisors LLC bought a new stake in shares of VeriSign in the fourth quarter worth $26,000. Bryn Mawr Capital Management LLC purchased a new stake in VeriSign during the fourth quarter valued at $214,000. GraniteShares Advisors LLC bought a new position in VeriSign in the fourth quarter valued at about $509,000. Finally, BankPlus Trust Department purchased a new position in VeriSign in the fourth quarter worth about $49,000. 92.90% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, SVP John Calys sold 447 shares of the firm's 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 $5,500,586.25. This trade represents a 1.85 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.84% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

VRSN has been the subject of several research reports. Robert W. Baird raised shares of VeriSign from a "neutral" rating to an "outperform" rating and upped their price target for the company from $200.00 to $250.00 in a research report on Monday, December 9th. StockNews.com raised shares of VeriSign from a "hold" rating to a "buy" rating in a report on Tuesday, January 7th. Baird R W upgraded shares of VeriSign from a "hold" rating to a "strong-buy" rating in a research note on Monday, December 9th. Finally, Citigroup upped their price objective on VeriSign from $246.00 to $250.00 and gave the stock a "buy" rating in a research note on Tuesday, February 4th.

VeriSign Price Performance

Shares of NASDAQ:VRSN traded up $1.76 during mid-day trading on Monday, reaching $239.64. 261,542 shares of the company traded hands, compared to its average volume of 786,709. The company's 50 day moving average price is $216.48 and its 200-day moving average price is $196.26. The firm has a market cap of $22.67 billion, a PE ratio of 29.92 and a beta of 0.90. VeriSign, Inc. has a 52 week low of $167.04 and a 52 week high of $240.52.

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, hitting analysts' consensus estimates of $2.00. VeriSign had a net margin of 50.47% and a negative return on equity of 43.01%.

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.