KBC Group NV boosted its holdings in VeriSign, Inc. (NASDAQ:VRSN - Free Report) by 206.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 53,527 shares of the information services provider's stock after acquiring an additional 36,032 shares during the quarter. KBC Group NV owned 0.06% of VeriSign worth $11,077,000 at the end of the most recent quarter.
Other institutional investors have also added to or reduced their stakes in the company. Empirical Finance LLC lifted its holdings in shares of VeriSign by 1.9% during the 3rd 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 period. West Family Investments Inc. lifted its holdings in VeriSign by 3.9% in the third quarter. West Family Investments Inc. now owns 1,537 shares of the information services provider's stock valued at $292,000 after acquiring an additional 57 shares during the period. CX Institutional lifted its holdings in VeriSign by 5.1% in the fourth quarter. CX Institutional now owns 1,173 shares of the information services provider's stock valued at $243,000 after acquiring an additional 57 shares during the period. Sivia Capital Partners LLC boosted its position in VeriSign by 6.5% in the third quarter. Sivia Capital Partners LLC now owns 1,363 shares of the information services provider's stock worth $259,000 after purchasing an additional 83 shares during the last quarter. Finally, Rockefeller Capital Management L.P. grew its stake in shares of VeriSign by 0.4% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 24,148 shares of the information services provider's stock valued at $4,587,000 after purchasing an additional 85 shares during the period. 92.90% of the stock is currently owned by hedge funds and other institutional investors.
VeriSign Trading Down 0.2 %
Shares of VRSN stock traded down $0.36 on Thursday, reaching $213.42. The company's stock had a trading volume of 267,330 shares, compared to its average volume of 705,759. The company has a market capitalization of $20.51 billion, a price-to-earnings ratio of 24.88 and a beta of 0.89. The stock's fifty day simple moving average is $200.91 and its 200-day simple moving average is $188.76. VeriSign, Inc. has a 1 year low of $167.04 and a 1 year high of $216.83.
Insider Activity
In other news, EVP Danny R. Mcpherson sold 2,092 shares of the stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $192.43, for a total value of $402,563.56. Following the sale, the executive vice president now owns 26,157 shares of the company's stock, valued at approximately $5,033,391.51. This represents a 7.41 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 0.84% of the company's stock.
Analyst Ratings Changes
VRSN has been the subject of a number of recent research reports. Robert W. Baird upgraded VeriSign from a "neutral" rating to an "outperform" rating and boosted their price objective for the company from $200.00 to $250.00 in a research note on Monday, December 9th. StockNews.com raised shares of VeriSign from a "hold" rating to a "buy" rating in a report on Tuesday, January 7th. Baird R W upgraded VeriSign from a "hold" rating to a "strong-buy" rating in a research report on Monday, December 9th. Finally, Citigroup upped their target price on shares of VeriSign from $210.00 to $238.00 and gave the stock a "buy" rating in a research report on Friday, January 3rd.
Get Our Latest Report on VRSN
About VeriSign
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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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