Natixis Advisors LLC lessened its holdings in shares of VeriSign, Inc. (NASDAQ:VRSN - Free Report) by 5.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 20,220 shares of the information services provider's stock after selling 1,221 shares during the quarter. Natixis Advisors LLC's holdings in VeriSign were worth $4,185,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Nordea Investment Management AB lifted its stake in VeriSign by 544.1% during the fourth quarter. Nordea Investment Management AB now owns 391,319 shares of the information services provider's stock worth $81,003,000 after purchasing an additional 330,561 shares during the last quarter. Birch Capital Management LLC raised its stake in shares of 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 acquiring an additional 3,996 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in shares of VeriSign by 322.2% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 261,526 shares of the information services provider's stock worth $53,639,000 after acquiring an additional 199,583 shares during the last quarter. Truist Financial Corp grew its holdings in shares of VeriSign by 12.2% during 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 raised its position in 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 purchasing an additional 10,045 shares during the period. Hedge funds and other institutional investors own 92.90% of the company's stock.
VeriSign Price Performance
VeriSign stock traded up $2.32 during mid-day trading on Wednesday, reaching $248.13. 568,369 shares of the company traded hands, compared to its average volume of 690,317. The firm's 50 day moving average price is $227.92 and its 200 day moving average price is $203.24. VeriSign, Inc. has a 52-week low of $167.05 and a 52-week high of $249.15. The firm has a market capitalization of $23.47 billion, a price-to-earnings ratio of 31.02 and a beta of 0.87.
VeriSign (NASDAQ:VRSN - Get Free Report) last issued its quarterly earnings results on Thursday, February 6th. The information services provider reported $2.00 earnings per share 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%.
Insider Transactions at VeriSign
In other VeriSign news, SVP John Calys sold 447 shares of the company's stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $231.75, for a total value of $103,592.25. Following the sale, the senior vice president now owns 23,735 shares in the company, valued at approximately $5,500,586.25. This represents a 1.85 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.84% of the company's stock.
Analyst Ratings Changes
VRSN has been the topic of a number of analyst reports. StockNews.com cut VeriSign from a "buy" rating to a "hold" rating in a research note on Friday, March 21st. Robert W. Baird raised shares of VeriSign from a "neutral" rating to an "outperform" rating and upped their price objective for the company from $200.00 to $250.00 in a research note on Monday, December 9th. Citigroup increased their target price on shares of VeriSign from $246.00 to $250.00 and gave the stock a "buy" rating in a report on Tuesday, February 4th. Finally, Baird R W upgraded VeriSign from a "hold" rating to a "strong-buy" rating in a report on Monday, December 9th.
Get Our Latest Stock Analysis on VeriSign
VeriSign Profile
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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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