Pacer Advisors Inc. Boosts Stock Holdings in VeriSign, Inc. (NASDAQ:VRSN)

Pacer Advisors Inc. raised its holdings in shares of VeriSign, Inc. (NASDAQ:VRSN - Free Report) by 10.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 36,698 shares of the information services provider's stock after purchasing an additional 3,408 shares during the period. Pacer Advisors Inc.'s holdings in VeriSign were worth $7,595,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Jacobs Levy Equity Management Inc. raised its position in shares of VeriSign by 7.3% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 693,369 shares of the information services provider's stock valued at $131,712,000 after acquiring an additional 47,412 shares during the period. BNP Paribas Financial Markets raised its holdings in VeriSign by 26.3% in the third quarter. BNP Paribas Financial Markets now owns 580,613 shares of the information services provider's stock worth $110,293,000 after purchasing an additional 120,958 shares during the period. Charles Schwab Investment Management Inc. boosted its position in shares of VeriSign by 1.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 527,551 shares of the information services provider's stock worth $100,214,000 after purchasing an additional 9,574 shares in the last quarter. Diamond Hill Capital Management Inc. grew its holdings in shares of VeriSign by 12.2% in the 3rd quarter. Diamond Hill Capital Management Inc. now owns 428,647 shares of the information services provider's stock valued at $81,426,000 after buying an additional 46,677 shares during the period. Finally, Nordea Investment Management AB increased its position in shares of VeriSign by 544.1% in the 4th quarter. Nordea Investment Management AB now owns 391,319 shares of the information services provider's stock valued at $81,003,000 after buying an additional 330,561 shares in the last quarter. Institutional investors own 92.90% of the company's stock.

VeriSign Stock Performance

Shares of NASDAQ VRSN traded up $0.23 during midday trading on Thursday, reaching $214.01. The company's stock had a trading volume of 460,365 shares, compared to its average volume of 717,111. The company has a market cap of $20.57 billion, a P/E ratio of 24.88 and a beta of 0.89. The business's 50 day moving average price is $200.91 and its two-hundred day moving average price is $188.76. VeriSign, Inc. has a fifty-two week low of $167.04 and a fifty-two week high of $216.83.

Insiders Place Their Bets

In related news, EVP Danny R. Mcpherson sold 2,092 shares of the business's 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 transaction, the executive vice president now owns 26,157 shares in the company, valued at $5,033,391.51. The trade was a 7.41 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.84% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on VRSN shares. Citigroup upped their price target on shares of VeriSign from $210.00 to $238.00 and gave the company a "buy" rating in a report on Friday, January 3rd. Baird R W upgraded VeriSign from a "hold" rating to a "strong-buy" rating in a report on Monday, December 9th. StockNews.com upgraded VeriSign from a "hold" rating to a "buy" rating in a report on Tuesday, January 7th. Finally, Robert W. Baird upgraded VeriSign from a "neutral" rating to an "outperform" rating and boosted their target price for the company from $200.00 to $250.00 in a research note on Monday, December 9th.

VeriSign Company 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.