Thrivent Financial for Lutherans Reduces Holdings in VeriSign, Inc. (NASDAQ:VRSN)

Thrivent Financial for Lutherans decreased its position in VeriSign, Inc. (NASDAQ:VRSN - Free Report) by 9.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 68,938 shares of the information services provider's stock after selling 6,802 shares during the period. Thrivent Financial for Lutherans owned 0.07% of VeriSign worth $14,268,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in VRSN. Nordea Investment Management AB grew its position in VeriSign by 544.1% in the fourth quarter. Nordea Investment Management AB now owns 391,319 shares of the information services provider's stock worth $81,003,000 after acquiring an additional 330,561 shares during the period. Birch Capital Management LLC increased its position in shares of VeriSign by 3,996.0% during the 4th quarter. Birch Capital Management LLC now owns 4,096 shares of the information services provider's stock worth $848,000 after purchasing an additional 3,996 shares during the last quarter. Allspring Global Investments Holdings LLC raised its holdings in 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 valued at $53,639,000 after buying an additional 199,583 shares during the period. Truist Financial Corp lifted its position in VeriSign by 12.2% in the fourth quarter. Truist Financial Corp now owns 20,462 shares of the information services provider's stock valued at $4,235,000 after buying an additional 2,218 shares during the last quarter. Finally, MML Investors Services LLC boosted its stake in VeriSign by 602.6% during the third quarter. MML Investors Services LLC now owns 11,712 shares of the information services provider's stock worth $2,225,000 after buying an additional 10,045 shares during the period. Institutional investors and hedge funds own 92.90% of the company's stock.

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Insider Activity at VeriSign

In related news, SVP John Calys sold 447 shares of the business'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 transaction of $103,592.25. Following the completion of the sale, the senior vice president now owns 23,735 shares in the company, valued at $5,500,586.25. The trade was a 1.85 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.84% of the stock is currently owned by corporate insiders.

VeriSign Stock Up 0.9 %

NASDAQ VRSN traded up $2.32 during trading hours on Wednesday, hitting $248.13. 568,381 shares of the company were exchanged, compared to its average volume of 690,318. The firm has a market cap of $23.47 billion, a price-to-earnings ratio of 31.02 and a beta of 0.87. The company has a 50 day moving average of $227.92 and a two-hundred day moving average of $203.24. VeriSign, Inc. has a 52-week low of $167.05 and a 52-week high of $249.15.

VeriSign (NASDAQ:VRSN - Get Free Report) last released its 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%.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Robert W. Baird raised shares of VeriSign from a "neutral" rating to an "outperform" rating and boosted their price target for the company from $200.00 to $250.00 in a research note on Monday, December 9th. StockNews.com lowered VeriSign from a "buy" rating to a "hold" rating in a research note on Friday, March 21st. Baird R W raised VeriSign from a "hold" rating to a "strong-buy" rating in a research report on Monday, December 9th. Finally, Citigroup raised their price objective on shares of VeriSign from $246.00 to $250.00 and gave the company a "buy" rating in a research note on Tuesday, February 4th.

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.