Headlands Technologies LLC Sells 11,695 Shares of VeriSign, Inc. (NASDAQ:VRSN)

Headlands Technologies LLC cut its holdings in VeriSign, Inc. (NASDAQ:VRSN - Free Report) by 55.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 9,485 shares of the information services provider's stock after selling 11,695 shares during the quarter. Headlands Technologies LLC's holdings in VeriSign were worth $1,963,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the business. Townsquare Capital LLC raised its stake in shares of VeriSign by 17.0% in the third quarter. Townsquare Capital LLC now owns 5,799 shares of the information services provider's stock worth $1,102,000 after acquiring an additional 844 shares during the last quarter. Rockefeller Capital Management L.P. increased its holdings in shares of VeriSign by 0.4% in the third 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 in the last quarter. Captrust Financial Advisors raised its position in VeriSign by 18.2% in the 3rd quarter. Captrust Financial Advisors now owns 17,441 shares of the information services provider's stock worth $3,313,000 after purchasing an additional 2,687 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new position in VeriSign during the 3rd quarter worth $262,000. Finally, Paloma Partners Management Co bought a new position in VeriSign in the 3rd quarter valued at $514,000. 92.90% of the stock is owned by institutional investors.

Insider Transactions at VeriSign

In other news, SVP John Calys sold 447 shares of the firm's stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $231.75, for a total transaction of $103,592.25. Following the sale, the senior vice president now owns 23,735 shares of the company's stock, valued at $5,500,586.25. This trade represents a 1.85 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.84% of the company's stock.

Remove Ads

VeriSign Stock Down 6.0 %

Shares of VeriSign stock traded down $15.23 during trading on Friday, reaching $240.20. 1,875,315 shares of the company were exchanged, compared to its average volume of 731,999. VeriSign, Inc. has a twelve month low of $167.05 and a twelve month high of $258.67. The business has a 50-day moving average price of $234.69 and a 200-day moving average price of $207.00. The firm has a market capitalization of $22.72 billion, a price-to-earnings ratio of 30.03 and a beta of 0.87.

VeriSign (NASDAQ:VRSN - Get Free Report) last announced its quarterly earnings results on Thursday, February 6th. The information services provider reported $2.00 EPS for the quarter, meeting analysts' consensus estimates of $2.00. VeriSign had a negative return on equity of 43.01% and a net margin of 50.47%.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on VRSN. Citigroup boosted their target price on VeriSign from $246.00 to $250.00 and gave the stock a "buy" rating in a research report on Tuesday, February 4th. Baird R W upgraded shares of VeriSign from a "hold" rating to a "strong-buy" rating in a research report on Monday, December 9th. StockNews.com raised shares of VeriSign from a "hold" rating to a "buy" rating in a research note on Thursday. Finally, Robert W. Baird boosted their price target on shares of VeriSign from $255.00 to $275.00 and gave the stock an "outperform" rating in a research note on Tuesday, April 1st.

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.