Teacher Retirement System of Texas grew its holdings in VeriSign, Inc. (NASDAQ:VRSN - Free Report) by 89.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 155,551 shares of the information services provider's stock after acquiring an additional 73,463 shares during the period. Teacher Retirement System of Texas owned about 0.16% of VeriSign worth $32,193,000 at the end of the most recent quarter.
Other large investors have also made changes to their positions in the company. Sequoia Financial Advisors LLC lifted its holdings in shares of VeriSign by 2.5% in the 4th quarter. Sequoia Financial Advisors LLC now owns 1,960 shares of the information services provider's stock valued at $406,000 after buying an additional 48 shares during the period. HighTower Advisors LLC raised its position in VeriSign by 1.8% during the fourth quarter. HighTower Advisors LLC now owns 3,256 shares of the information services provider's stock valued at $674,000 after acquiring an additional 56 shares in the last quarter. 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. Patriot Financial Group Insurance Agency LLC boosted its position in VeriSign by 5.5% in the 4th quarter. Patriot Financial Group Insurance Agency LLC now owns 1,429 shares of the information services provider's stock worth $296,000 after purchasing an additional 74 shares in the last quarter. Finally, Atlantic Union Bankshares Corp grew its stake in shares of VeriSign by 0.7% during the 4th quarter. Atlantic Union Bankshares Corp now owns 11,053 shares of the information services provider's stock worth $2,288,000 after purchasing an additional 79 shares during the period. 92.90% of the stock is owned by hedge funds and other institutional investors.
Insider Buying and Selling
In other VeriSign news, SVP John Calys sold 447 shares of the 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 sale, the senior vice president now owns 23,735 shares in the company, valued at approximately $5,500,586.25. This represents a 1.85 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.84% of the stock is owned by company insiders.
VeriSign Trading Up 0.2 %
NASDAQ:VRSN traded up $0.45 during trading hours on Tuesday, reaching $245.81. 657,466 shares of the company were exchanged, compared to its average volume of 690,942. The stock's 50-day moving average is $227.18 and its 200-day moving average is $202.79. VeriSign, Inc. has a twelve month low of $167.05 and a twelve month high of $247.30. The firm has a market cap of $23.25 billion, a PE ratio of 30.73 and a beta of 0.87.
VeriSign (NASDAQ:VRSN - Get Free Report) last issued its quarterly earnings results on Thursday, February 6th. The information services provider reported $2.00 earnings per share 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%.
Analyst Upgrades and Downgrades
VRSN has been the subject of several analyst reports. Baird R W upgraded shares of VeriSign from a "hold" rating to a "strong-buy" rating in a research note on Monday, December 9th. StockNews.com lowered shares of VeriSign from a "buy" rating to a "hold" rating in a research note on Friday. Citigroup raised their target price on VeriSign from $246.00 to $250.00 and gave the company a "buy" rating in a research report on Tuesday, February 4th. Finally, Robert W. Baird raised VeriSign from a "neutral" rating to an "outperform" rating and upped their price target for the stock from $200.00 to $250.00 in a report on Monday, December 9th.
Check Out Our Latest Analysis on VeriSign
VeriSign Company Profile
(
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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