NFJ Investment Group LLC lessened its stake in shares of VeriSign, Inc. (NASDAQ:VRSN - Free Report) by 3.9% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 35,616 shares of the information services provider's stock after selling 1,429 shares during the period. NFJ Investment Group LLC's holdings in VeriSign were worth $7,371,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also bought and sold shares of the company. Invesco Ltd. boosted its stake in shares of VeriSign by 2.1% during the 4th quarter. Invesco Ltd. now owns 1,701,154 shares of the information services provider's stock worth $352,071,000 after acquiring an additional 35,326 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its stake in VeriSign by 10.0% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,284,759 shares of the information services provider's stock worth $265,894,000 after purchasing an additional 116,833 shares in the last quarter. Norges Bank purchased a new stake in VeriSign during the fourth quarter worth about $222,840,000. Troy Asset Management Ltd lifted its holdings in VeriSign by 49.1% during the 4th quarter. Troy Asset Management Ltd now owns 914,543 shares of the information services provider's stock worth $189,274,000 after buying an additional 301,267 shares in the last quarter. Finally, Amundi grew its stake in VeriSign by 17.8% during the 4th quarter. Amundi now owns 702,055 shares of the information services provider's stock worth $148,604,000 after purchasing an additional 106,094 shares in the last quarter. 92.90% of the stock is owned by institutional investors.
Insider Transactions at VeriSign
In other VeriSign news, SVP John Calys sold 447 shares of the firm's stock in a transaction dated 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 $5,500,586.25. This trade represents a 1.85 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Insiders own 0.84% of the company's stock.
VeriSign Stock Up 1.8 %
Shares of VRSN stock traded up $4.29 during trading hours on Tuesday, hitting $245.63. 105,114 shares of the company were exchanged, compared to its average volume of 743,171. The firm has a market cap of $23.12 billion, a PE ratio of 30.71 and a beta of 0.87. VeriSign, Inc. has a 1 year low of $167.05 and a 1 year high of $258.67. The firm has a fifty day moving average of $241.09 and a 200 day moving average of $212.29.
VeriSign (NASDAQ:VRSN - Get Free Report) last issued its earnings results on Thursday, February 6th. The information services provider reported $2.00 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $2.00. VeriSign had a net margin of 50.47% and a negative return on equity of 43.01%.
Analysts Set New Price Targets
A number of analysts have weighed in on the company. StockNews.com upgraded VeriSign from a "hold" rating to a "buy" rating in a research note on Saturday, April 12th. Citigroup upped their price objective 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 lifted their target price on shares of VeriSign from $255.00 to $275.00 and gave the company an "outperform" rating in a report on Tuesday, April 1st.
Get Our Latest Analysis 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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