Meitav Investment House Ltd. lessened its holdings in VeriSign, Inc. (NASDAQ:VRSN - Free Report) by 11.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 14,450 shares of the information services provider's stock after selling 1,883 shares during the quarter. Meitav Investment House Ltd.'s holdings in VeriSign were worth $2,991,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Empirical Finance LLC grew its stake in shares of VeriSign by 1.9% during the third quarter. Empirical Finance LLC now owns 3,038 shares of the information services provider's stock valued at $577,000 after buying an additional 57 shares during the last quarter. West Family Investments Inc. grew its stake in shares of VeriSign by 3.9% during the third quarter. West Family Investments Inc. now owns 1,537 shares of the information services provider's stock valued at $292,000 after buying an additional 57 shares during the last quarter. CX Institutional grew its stake in shares of VeriSign by 5.1% during the fourth quarter. CX Institutional now owns 1,173 shares of the information services provider's stock valued at $243,000 after buying an additional 57 shares during the last quarter. Patriot Financial Group Insurance Agency LLC grew its stake in shares of VeriSign by 5.5% during the fourth quarter. Patriot Financial Group Insurance Agency LLC now owns 1,429 shares of the information services provider's stock valued at $296,000 after buying an additional 74 shares during the last quarter. Finally, Keystone Financial Services boosted its holdings in shares of VeriSign by 7.6% during the fourth quarter. Keystone Financial Services now owns 1,137 shares of the information services provider's stock worth $235,000 after purchasing an additional 80 shares during the period. 92.90% of the stock is owned by institutional investors.
VeriSign Stock Down 0.9 %
Shares of VeriSign stock traded down $2.01 during trading on Friday, reaching $231.87. 978,529 shares of the stock were exchanged, compared to its average volume of 762,660. VeriSign, Inc. has a 1 year low of $167.04 and a 1 year high of $236.20. The stock's fifty day moving average is $211.65 and its 200 day moving average is $193.50. The firm has a market cap of $21.93 billion, a price-to-earnings ratio of 28.98 and a beta of 0.90.
VeriSign (NASDAQ:VRSN - Get Free Report) last issued its quarterly earnings data on Thursday, February 6th. The information services provider reported $2.00 EPS for the quarter, hitting the consensus estimate of $2.00. VeriSign had a net margin of 50.47% and a negative return on equity of 43.01%.
Insiders Place Their Bets
In other VeriSign news, EVP Danny R. Mcpherson sold 2,092 shares of the firm's stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $192.43, for a total value of $402,563.56. Following the completion of the sale, the executive vice president now directly owns 26,157 shares in the company, valued at $5,033,391.51. This trade represents a 7.41 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 0.84% of the stock is currently owned by company insiders.
Analysts Set New Price Targets
A number of analysts have recently weighed in on the stock. Baird R W upgraded shares of VeriSign from a "hold" rating to a "strong-buy" rating in a report on Monday, December 9th. 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. Robert W. Baird upgraded shares of VeriSign from a "neutral" rating to an "outperform" rating and increased their target price for the stock from $200.00 to $250.00 in a report on Monday, December 9th. Finally, StockNews.com upgraded shares of VeriSign from a "hold" rating to a "buy" rating in a report on Tuesday, January 7th.
Read Our Latest Stock Report on VRSN
About VeriSign
(
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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