Poinciana Advisors Group LLC acquired a new stake in shares of VeriSign, Inc. (NASDAQ:VRSN - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor acquired 1,127 shares of the information services provider's stock, valued at approximately $233,000.
Several other institutional investors have also recently modified their holdings of the company. Achmea Investment Management B.V. increased its position in shares of VeriSign by 7.8% during the 4th quarter. Achmea Investment Management B.V. now owns 19,142 shares of the information services provider's stock valued at $3,962,000 after purchasing an additional 1,391 shares during the last quarter. Avantax Advisory Services Inc. grew its position in VeriSign by 25.7% during the 4th quarter. Avantax Advisory Services Inc. now owns 1,742 shares of the information services provider's stock worth $361,000 after acquiring an additional 356 shares during the last quarter. Farther Finance Advisors LLC grew its position in VeriSign by 11.6% during the 4th quarter. Farther Finance Advisors LLC now owns 953 shares of the information services provider's stock worth $197,000 after acquiring an additional 99 shares during the last quarter. EverSource Wealth Advisors LLC grew its position in VeriSign by 190.1% during the 4th quarter. EverSource Wealth Advisors LLC now owns 380 shares of the information services provider's stock worth $79,000 after acquiring an additional 249 shares during the last quarter. Finally, Sequoia Financial Advisors LLC grew its position in VeriSign by 2.5% during the 4th quarter. Sequoia Financial Advisors LLC now owns 1,960 shares of the information services provider's stock worth $406,000 after acquiring an additional 48 shares during the last quarter. 92.90% of the stock is currently owned by institutional investors.
Insiders Place Their Bets
In other 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 directly owns 23,735 shares of the company's stock, valued at $5,500,586.25. This represents a 1.85 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.84% of the stock is owned by corporate insiders.
Wall Street Analyst Weigh In
Several equities analysts recently issued reports on the company. Citigroup raised their price target 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 upgraded VeriSign from a "neutral" rating to an "outperform" rating and raised their price target for the stock from $200.00 to $250.00 in a research report on Monday, December 9th. StockNews.com lowered VeriSign from a "buy" rating to a "hold" rating in a research report on Wednesday, March 12th. Finally, Baird R W upgraded VeriSign from a "hold" rating to a "strong-buy" rating in a research report on Monday, December 9th.
View Our Latest Report on VeriSign
VeriSign Trading Up 1.0 %
NASDAQ VRSN traded up $2.39 on Wednesday, hitting $242.21. The company's stock had a trading volume of 659,531 shares, compared to its average volume of 683,901. VeriSign, Inc. has a 52-week low of $167.05 and a 52-week high of $244.77. The company's 50-day simple moving average is $224.49 and its 200 day simple moving average is $201.12. The firm has a market cap of $22.91 billion, a P/E ratio of 30.28 and a beta of 0.87.
VeriSign (NASDAQ:VRSN - Get Free Report) last released its quarterly earnings data 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%.
VeriSign Company 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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