Achmea Investment Management B.V. Has $3.96 Million Stock Holdings in VeriSign, Inc. (NASDAQ:VRSN)

Achmea Investment Management B.V. raised its holdings in VeriSign, Inc. (NASDAQ:VRSN - Free Report) by 7.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 19,142 shares of the information services provider's stock after acquiring an additional 1,391 shares during the quarter. Achmea Investment Management B.V.'s holdings in VeriSign were worth $3,962,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Nordea Investment Management AB lifted its stake in shares of VeriSign by 544.1% in the fourth quarter. Nordea Investment Management AB now owns 391,319 shares of the information services provider's stock worth $81,003,000 after buying an additional 330,561 shares during the last quarter. Birch Capital Management LLC lifted its stake in shares of VeriSign by 3,996.0% in the fourth quarter. Birch Capital Management LLC now owns 4,096 shares of the information services provider's stock worth $848,000 after buying an additional 3,996 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its stake in shares of VeriSign by 322.2% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 261,526 shares of the information services provider's stock worth $53,639,000 after buying an additional 199,583 shares during the last quarter. Truist Financial Corp lifted its stake in shares of VeriSign by 12.2% in the fourth quarter. Truist Financial Corp now owns 20,462 shares of the information services provider's stock worth $4,235,000 after buying an additional 2,218 shares during the last quarter. Finally, MML Investors Services LLC lifted its stake in shares of VeriSign by 602.6% in the third quarter. MML Investors Services LLC now owns 11,712 shares of the information services provider's stock worth $2,225,000 after buying an additional 10,045 shares during the last quarter. 92.90% of the stock is currently owned by institutional investors and hedge funds.

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Analyst Upgrades and Downgrades

VRSN has been the subject of a number of analyst reports. Citigroup boosted their price objective on shares of VeriSign from $246.00 to $250.00 and gave the stock a "buy" rating in a research note on Tuesday, February 4th. Baird R W raised shares of VeriSign from a "hold" rating to a "strong-buy" rating in a research report on Monday, December 9th. StockNews.com lowered shares of VeriSign from a "buy" rating to a "hold" rating in a research report on Wednesday, March 12th. Finally, Robert W. Baird raised shares of VeriSign from a "neutral" rating to an "outperform" rating and boosted their target price for the stock from $200.00 to $250.00 in a research report on Monday, December 9th.

VeriSign Price Performance

VRSN stock traded up $2.39 on Wednesday, reaching $242.21. 657,983 shares of the company were exchanged, compared to its average volume of 683,901. The firm has a market capitalization of $22.91 billion, a PE ratio of 30.28 and a beta of 0.87. The stock's fifty day moving average price is $224.49 and its 200 day moving average price is $201.12. VeriSign, Inc. has a 12 month low of $167.05 and a 12 month high of $244.77.

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

Insider Buying and Selling at VeriSign

In other VeriSign news, SVP John Calys sold 447 shares of the business's stock in a transaction on Monday, February 24th. The shares were sold at an average price of $231.75, for a total value 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. The trade was a 1.85 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 0.84% of the company's stock.

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.