VeriSign, Inc. (NASDAQ:VRSN) Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC trimmed its stake in shares of VeriSign, Inc. (NASDAQ:VRSN) by 82.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,676 shares of the information services provider’s stock after selling 7,874 shares during the period. SG Americas Securities LLC’s holdings in VeriSign were worth $347,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of VRSN. Concord Wealth Partners boosted its position in VeriSign by 93.2% during the third quarter. Concord Wealth Partners now owns 226 shares of the information services provider’s stock worth $43,000 after purchasing an additional 109 shares in the last quarter. Tobam raised its position in VeriSign by 61.1% during the third quarter. Tobam now owns 311 shares of the information services provider’s stock worth $59,000 after acquiring an additional 118 shares during the last quarter. Blue Trust Inc. lifted its holdings in shares of VeriSign by 138.6% in the third 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. Intact Investment Management Inc. acquired a new stake in VeriSign during the 3rd quarter valued at $76,000. Finally, True Wealth Design LLC increased its position in VeriSign by 16,966.7% during the 3rd quarter. True Wealth Design LLC now owns 512 shares of the information services provider’s stock worth $97,000 after purchasing an additional 509 shares in the last quarter. Institutional investors and hedge funds own 92.90% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have issued reports on VRSN. Robert W. Baird raised VeriSign from a “neutral” rating to an “outperform” rating and raised their price target for the stock from $200.00 to $250.00 in a research note on Monday, December 9th. Baird R W raised VeriSign from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 9th. Citigroup raised their price target on shares of VeriSign from $210.00 to $238.00 and gave the company a “buy” rating in a report on Friday, January 3rd. Finally, StockNews.com raised VeriSign from a “hold” rating to a “buy” rating in a report on Tuesday, January 7th.

VeriSign Stock Performance

Shares of VRSN stock opened at $216.02 on Tuesday. The stock has a market capitalization of $20.76 billion, a price-to-earnings ratio of 25.12 and a beta of 0.90. VeriSign, Inc. has a one year low of $167.04 and a one year high of $217.66. The company’s 50-day simple moving average is $202.17 and its 200-day simple moving average is $189.34.

Insider Transactions at VeriSign

In other news, EVP Danny R. Mcpherson sold 2,092 shares of the company’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $192.43, for a total transaction of $402,563.56. Following the completion of the transaction, the executive vice president now directly owns 26,157 shares of the company’s stock, valued at approximately $5,033,391.51. This represents a 7.41 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.84% of the company’s stock.

VeriSign Company 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.