Trexquant Investment LP trimmed its stake in shares of VeriSign, Inc. (NASDAQ:VRSN - Free Report) by 45.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 31,634 shares of the information services provider's stock after selling 26,336 shares during the quarter. Trexquant Investment LP's holdings in VeriSign were worth $6,547,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors also recently bought and sold shares of the company. Hilltop Holdings Inc. purchased a new position in VeriSign in the third quarter valued at about $515,000. IHT Wealth Management LLC raised its holdings in VeriSign by 66.1% during the third quarter. IHT Wealth Management LLC now owns 1,895 shares of the information services provider's stock worth $358,000 after purchasing an additional 754 shares during the last quarter. Point72 Asset Management L.P. purchased a new stake in VeriSign during the third quarter worth $35,665,000. Quarry LP grew its holdings in VeriSign by 156.4% in the third quarter. Quarry LP now owns 2,769 shares of the information services provider's stock valued at $526,000 after purchasing an additional 1,689 shares during the last quarter. Finally, Quantinno Capital Management LP increased its position in shares of VeriSign by 78.2% in the third quarter. Quantinno Capital Management LP now owns 10,276 shares of the information services provider's stock valued at $1,952,000 after buying an additional 4,508 shares in the last quarter. 92.90% of the stock is owned by institutional investors and hedge funds.
Insider Transactions at VeriSign
In related news, SVP John Calys sold 447 shares of VeriSign stock in a transaction 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 transaction, the senior vice president now directly owns 23,735 shares in the company, valued at $5,500,586.25. The trade was a 1.85 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 0.84% of the company's stock.
VeriSign Price Performance
Shares of NASDAQ:VRSN traded down $6.86 during midday trading on Thursday, reaching $237.77. The company had a trading volume of 194,071 shares, compared to its average volume of 737,571. The stock has a market capitalization of $22.49 billion, a P/E ratio of 29.72 and a beta of 0.87. The stock's fifty day moving average price is $237.21 and its 200-day moving average price is $208.82. VeriSign, Inc. has a one year low of $167.05 and a one year high of $258.67.
VeriSign (NASDAQ:VRSN - Get Free Report) last posted its quarterly earnings results on Thursday, February 6th. The information services provider reported $2.00 earnings per share (EPS) for the quarter, meeting the consensus estimate of $2.00. VeriSign had a negative return on equity of 43.01% and a net margin of 50.47%.
Analysts Set New Price Targets
A number of brokerages have commented on VRSN. StockNews.com upgraded VeriSign from a "hold" rating to a "buy" rating in a report on Thursday, April 3rd. Citigroup upped their target price on VeriSign from $246.00 to $250.00 and gave the company a "buy" rating in a research note on Tuesday, February 4th. Finally, Robert W. Baird upped their price objective on shares of VeriSign from $255.00 to $275.00 and gave the company an "outperform" rating in a research note on Tuesday, April 1st.
Read Our Latest Research Report on VRSN
VeriSign Profile
(
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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