VeriSign, Inc. (NASDAQ:VRSN) Shares Purchased by Sei Investments Co.

Sei Investments Co. raised its holdings in shares of VeriSign, Inc. (NASDAQ:VRSN - Free Report) by 75.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 106,766 shares of the information services provider's stock after acquiring an additional 45,830 shares during the quarter. Sei Investments Co. owned approximately 0.11% of VeriSign worth $22,096,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently modified their holdings of VRSN. Crewe Advisors LLC acquired a new position in shares of VeriSign in the fourth quarter worth $26,000. Whipplewood Advisors LLC purchased a new stake in VeriSign during the 4th quarter worth about $26,000. Venturi Wealth Management LLC raised its stake in VeriSign by 127.2% in the 4th quarter. Venturi Wealth Management LLC now owns 184 shares of the information services provider's stock valued at $38,000 after purchasing an additional 103 shares during the last quarter. BankPlus Trust Department purchased a new position in VeriSign in the 4th quarter valued at about $49,000. Finally, Spire Wealth Management boosted its stake in shares of VeriSign by 69.8% during the 4th quarter. Spire Wealth Management now owns 253 shares of the information services provider's stock worth $52,000 after purchasing an additional 104 shares during the last quarter. 92.90% of the stock is currently owned by institutional investors and hedge funds.

VeriSign Stock Performance

VeriSign stock traded down $3.82 during trading on Friday, reaching $250.92. The company had a trading volume of 746,822 shares, compared to its average volume of 722,364. VeriSign, Inc. has a 12-month low of $167.05 and a 12-month high of $256.35. The stock's 50 day moving average price is $230.38 and its two-hundred day moving average price is $204.39. The firm has a market capitalization of $23.74 billion, a price-to-earnings ratio of 31.37 and a beta of 0.87.

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VeriSign (NASDAQ:VRSN - Get Free Report) last announced its quarterly earnings data 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 net margin of 50.47% and a negative return on equity of 43.01%.

Analyst Ratings Changes

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

Insiders Place Their Bets

In other VeriSign news, SVP John Calys sold 447 shares of the business's stock in a transaction that occurred on Monday, February 24th. The shares were 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 directly 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 filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.84% of the stock is currently owned by insiders.

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.