TD Asset Management Inc. Sells 76,482 Shares of VeriSign, Inc. (NASDAQ:VRSN)

TD Asset Management Inc. lowered its holdings in shares of VeriSign, Inc. (NASDAQ:VRSN - Free Report) by 10.2% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 669,954 shares of the information services provider's stock after selling 76,482 shares during the quarter. TD Asset Management Inc. owned approximately 0.70% of VeriSign worth $138,654,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. EntryPoint Capital LLC boosted its stake in shares of VeriSign by 19.2% during the 4th quarter. EntryPoint Capital LLC now owns 2,361 shares of the information services provider's stock worth $489,000 after acquiring an additional 381 shares during the last quarter. LPL Financial LLC lifted its position in VeriSign by 47.0% during the fourth quarter. LPL Financial LLC now owns 47,376 shares of the information services provider's stock valued at $9,805,000 after purchasing an additional 15,147 shares in the last quarter. KLP Kapitalforvaltning AS purchased a new stake in VeriSign in the fourth quarter worth about $22,285,000. AXQ Capital LP bought a new position in shares of VeriSign in the fourth quarter worth about $977,000. Finally, Sei Investments Co. lifted its position in shares of VeriSign by 75.2% during the 4th quarter. Sei Investments Co. now owns 106,766 shares of the information services provider's stock valued at $22,096,000 after buying an additional 45,830 shares in the last quarter. Hedge funds and other institutional investors own 92.90% of the company's stock.

VeriSign Trading Down 1.5 %

Shares of NASDAQ:VRSN traded down $3.82 during mid-day trading on Friday, reaching $250.92. The stock had a trading volume of 746,822 shares, compared to its average volume of 722,364. The business's 50 day moving average price is $230.38 and its 200 day moving average price is $204.39. VeriSign, Inc. has a 1 year low of $167.05 and a 1 year high of $256.35. The company has a market cap of $23.74 billion, a P/E ratio of 31.37 and a beta of 0.87.

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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, meeting 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

Several research firms recently issued reports on VRSN. 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. StockNews.com cut shares of VeriSign from a "buy" rating to a "hold" rating in a research note on Friday, March 21st. 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, Robert W. Baird upgraded VeriSign from a "neutral" rating to an "outperform" rating and increased their price target for the stock from $200.00 to $250.00 in a research note on Monday, December 9th.

Insiders Place Their Bets

In other news, SVP John Calys sold 447 shares of the firm's stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $231.75, for a total value of $103,592.25. Following the completion of the sale, the senior vice president now directly 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 document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.84% of the company's stock.

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.