57,328 Shares in VeriSign, Inc. (NASDAQ:VRSN) Purchased by Proficio Capital Partners LLC

Proficio Capital Partners LLC purchased a new position in shares of VeriSign, Inc. (NASDAQ:VRSN - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 57,328 shares of the information services provider's stock, valued at approximately $11,865,000. Proficio Capital Partners LLC owned 0.06% of VeriSign at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in VRSN. Empirical Finance LLC raised its holdings in shares of VeriSign by 1.9% in the 3rd quarter. Empirical Finance LLC now owns 3,038 shares of the information services provider's stock valued at $577,000 after purchasing an additional 57 shares in the last quarter. West Family Investments Inc. boosted its stake in shares of VeriSign by 3.9% during the 3rd quarter. West Family Investments Inc. now owns 1,537 shares of the information services provider's stock worth $292,000 after acquiring an additional 57 shares in the last quarter. CX Institutional increased its stake in shares of VeriSign by 5.1% during the 4th quarter. CX Institutional now owns 1,173 shares of the information services provider's stock worth $243,000 after purchasing an additional 57 shares in the last quarter. Patriot Financial Group Insurance Agency LLC increased its position in VeriSign by 5.5% during the 4th quarter. Patriot Financial Group Insurance Agency LLC now owns 1,429 shares of the information services provider's stock worth $296,000 after purchasing an additional 74 shares in the last quarter. Finally, Keystone Financial Services raised its holdings in VeriSign by 7.6% in the 4th quarter. Keystone Financial Services now owns 1,137 shares of the information services provider's stock valued at $235,000 after acquiring an additional 80 shares during the last quarter. Hedge funds and other institutional investors own 92.90% of the company's stock.

VeriSign Price Performance

Shares of VRSN stock traded up $2.28 during trading hours on Monday, hitting $240.16. 1,090,457 shares of the company's stock were exchanged, compared to its average volume of 808,711. VeriSign, Inc. has a 52 week low of $167.04 and a 52 week high of $242.23. The stock's 50-day moving average is $216.48 and its 200-day moving average is $196.26. The stock has a market cap of $22.72 billion, a price-to-earnings ratio of 30.02 and a beta of 0.90.

VeriSign (NASDAQ:VRSN - Get Free Report) last announced its quarterly earnings data 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%.

Insiders Place Their Bets

In other news, SVP John Calys sold 447 shares of the business'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 value of $103,592.25. Following the completion of the transaction, the senior vice president now directly owns 23,735 shares in the company, valued at approximately $5,500,586.25. The trade was a 1.85 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.84% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have commented on VRSN shares. Citigroup boosted 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. Baird R W upgraded shares of VeriSign from a "hold" rating to a "strong-buy" rating in a research report on Monday, December 9th. Robert W. Baird upgraded VeriSign from a "neutral" rating to an "outperform" rating and increased their price objective for the company from $200.00 to $250.00 in a research report on Monday, December 9th. Finally, StockNews.com upgraded VeriSign from a "hold" rating to a "buy" rating in a report on Tuesday, January 7th.

VeriSign 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.