Free Trial

VeriSign, Inc. (NASDAQ:VRSN) Stake Cut by Douglas Lane & Associates LLC

VeriSign logo with Computer and Technology background

Douglas Lane & Associates LLC lowered its holdings in shares of VeriSign, Inc. (NASDAQ:VRSN - Free Report) by 66.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,998 shares of the information services provider's stock after selling 13,937 shares during the period. Douglas Lane & Associates LLC's holdings in VeriSign were worth $1,448,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of VRSN. Empirical Finance LLC increased its position in VeriSign by 1.9% during the 3rd quarter. Empirical Finance LLC now owns 3,038 shares of the information services provider's stock worth $577,000 after purchasing an additional 57 shares in the last quarter. West Family Investments Inc. boosted its stake in shares of VeriSign by 3.9% during the 3rd quarter. West Family Investments Inc. now owns 1,537 shares of the information services provider's stock worth $292,000 after purchasing an additional 57 shares during the last quarter. Gateway Advisory LLC grew its holdings in shares of VeriSign by 5.6% during the second quarter. Gateway Advisory LLC now owns 1,538 shares of the information services provider's stock worth $273,000 after buying an additional 81 shares in the last quarter. Profund Advisors LLC raised its position in shares of VeriSign by 4.8% in the second quarter. Profund Advisors LLC now owns 1,794 shares of the information services provider's stock valued at $319,000 after buying an additional 82 shares during the last quarter. Finally, Sivia Capital Partners LLC lifted its stake in shares of VeriSign by 6.5% during the third quarter. Sivia Capital Partners LLC now owns 1,363 shares of the information services provider's stock valued at $259,000 after buying an additional 83 shares during the period. Hedge funds and other institutional investors own 92.90% of the company's stock.

Insider Activity at VeriSign

In other news, EVP Danny R. Mcpherson sold 2,092 shares of VeriSign stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $192.43, for a total transaction of $402,563.56. Following the sale, the executive vice president now directly owns 26,157 shares of the company's stock, valued at approximately $5,033,391.51. The trade was a 7.41 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Thomas C. Indelicarto sold 1,228 shares of the business's stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $190.00, for a total value of $233,320.00. Following the completion of the transaction, the executive vice president now owns 33,593 shares in the company, valued at approximately $6,382,670. This trade represents a 3.53 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.84% of the company's stock.

Wall Street Analyst Weigh In

VRSN has been the subject of several recent analyst reports. Robert W. Baird raised shares of VeriSign from a "neutral" rating to an "outperform" rating and lifted their target price for the stock from $200.00 to $250.00 in a research note on Monday, December 9th. Baird R W upgraded VeriSign from a "hold" rating to a "strong-buy" rating in a research note on Monday, December 9th. Citigroup increased their target price on VeriSign from $210.00 to $238.00 and gave the stock a "buy" rating in a research report on Friday, January 3rd. Finally, StockNews.com upgraded VeriSign from a "hold" rating to a "buy" rating in a report on Tuesday.

Get Our Latest Analysis on VRSN

VeriSign Stock Performance

Shares of VRSN traded up $2.45 during trading hours on Thursday, hitting $211.67. The stock had a trading volume of 767,075 shares, compared to its average volume of 923,714. VeriSign, Inc. has a 12-month low of $167.04 and a 12-month high of $213.68. The firm has a market cap of $20.34 billion, a P/E ratio of 24.61 and a beta of 0.89. The company's fifty day simple moving average is $193.06 and its 200 day simple moving average is $185.43.

VeriSign (NASDAQ:VRSN - Get Free Report) last released its quarterly earnings data on Thursday, October 24th. The information services provider reported $2.07 earnings per share for the quarter, beating the consensus estimate of $2.01 by $0.06. The business had revenue of $390.60 million for the quarter, compared to analyst estimates of $390.19 million. VeriSign had a negative return on equity of 45.59% and a net margin of 55.74%. The company's revenue was up 3.8% compared to the same quarter last year. During the same period in the previous year, the company posted $1.83 EPS.

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.

Read More

Institutional Ownership by Quarter for VeriSign (NASDAQ:VRSN)

Should You Invest $1,000 in VeriSign Right Now?

Before you consider VeriSign, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and VeriSign wasn't on the list.

While VeriSign currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

7 Energy Stocks to Buy and Hold Forever Cover

Do you expect the global demand for energy to shrink?! If not, it's time to take a look at how energy stocks can play a part in your portfolio.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

7 Large-Cap Stocks Headed for Strong, Steady Gains in 2025

7 Large-Cap Stocks Headed for Strong, Steady Gains in 2025

While 2025 may not deliver massive returns, so MarketBeat analyst Chris Markoch shares his list of seven stocks primed for consistent performance.

Related Videos

The Real Reason Tesla Stock Is Soaring – and Why Tech Expert Says It Won’t Stop
Small Caps, Financials & Bitcoin Lead the Rising Bull Market: Chris Rowe’s Top Picks
Massive Market Moves Following Trump Win: Tesla, JP Morgan, & Bitcoin Soar

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines