VeriSign, Inc. (NASDAQ:VRSN - Get Free Report)'s share price reached a new 52-week high on Tuesday . The stock traded as high as $232.04 and last traded at $230.74, with a volume of 127695 shares. The stock had previously closed at $229.24.
Analysts Set New Price Targets
A number of equities analysts have recently weighed in on the company. StockNews.com raised VeriSign from a "hold" rating to a "buy" rating in a report on Tuesday, January 7th. Robert W. Baird raised shares of 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. Citigroup raised their price target 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. Finally, Baird R W upgraded shares of VeriSign from a "hold" rating to a "strong-buy" rating in a report on Monday, December 9th.
Check Out Our Latest Stock Report on VeriSign
VeriSign Stock Down 0.9 %
The company has a 50 day moving average of $211.65 and a 200 day moving average of $193.50. The stock has a market capitalization of $21.93 billion, a price-to-earnings ratio of 28.98 and a beta of 0.90.
VeriSign (NASDAQ:VRSN - Get Free Report) last posted its quarterly earnings results on Thursday, February 6th. The information services provider reported $2.00 EPS for the quarter, meeting the consensus estimate of $2.00. VeriSign had a negative return on equity of 43.01% and a net margin of 50.47%.
Insider Activity at VeriSign
In other VeriSign news, EVP Danny R. Mcpherson sold 2,092 shares of VeriSign 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. This trade represents a 7.41 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.84% of the stock is owned by insiders.
Institutional Trading of VeriSign
A number of institutional investors and hedge funds have recently made changes to their positions in VRSN. Creative Planning grew its position in VeriSign by 40.0% during the third quarter. Creative Planning now owns 16,984 shares of the information services provider's stock valued at $3,226,000 after acquiring an additional 4,850 shares during the period. Blue Trust Inc. lifted its stake in shares of VeriSign by 138.6% in the 3rd quarter. Blue Trust Inc. now owns 420 shares of the information services provider's stock valued at $75,000 after purchasing an additional 244 shares in the last quarter. Sequoia Financial Advisors LLC grew its holdings in shares of VeriSign by 29.9% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 1,912 shares of the information services provider's stock worth $363,000 after purchasing an additional 440 shares during the period. Private Advisor Group LLC acquired a new stake in VeriSign during the 3rd quarter worth approximately $227,000. Finally, Assenagon Asset Management S.A. raised its holdings in VeriSign by 44.2% in the third quarter. Assenagon Asset Management S.A. now owns 244,304 shares of the information services provider's stock valued at $46,408,000 after buying an additional 74,883 shares during the period. 92.90% of the stock is currently owned by institutional investors and hedge funds.
About VeriSign
(
Get 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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