VeriSign, Inc. (NASDAQ:VRSN) Shares Sold by Tredje AP fonden

Tredje AP fonden trimmed its holdings in VeriSign, Inc. (NASDAQ:VRSN) by 50.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,569 shares of the information services provider’s stock after selling 7,568 shares during the quarter. Tredje AP fonden’s holdings in VeriSign were worth $1,566,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Crewe Advisors LLC acquired a new stake in VeriSign during the 4th quarter worth about $26,000. Whipplewood Advisors LLC acquired a new stake in VeriSign during the 4th quarter worth about $26,000. Venturi Wealth Management LLC raised its holdings in VeriSign by 127.2% during the 4th quarter. Venturi Wealth Management LLC now owns 184 shares of the information services provider’s stock worth $38,000 after buying an additional 103 shares during the period. BankPlus Trust Department acquired a new stake in VeriSign during the 4th quarter worth about $49,000. Finally, Spire Wealth Management raised its holdings in VeriSign by 69.8% during the 4th quarter. Spire Wealth Management now owns 253 shares of the information services provider’s stock worth $52,000 after buying an additional 104 shares during the period. 92.90% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Baird R W upgraded VeriSign from a “hold” rating to a “strong-buy” rating in a report on Monday, December 9th. StockNews.com downgraded VeriSign from a “buy” rating to a “hold” rating in a report on Wednesday. Citigroup upped their target price on VeriSign from $246.00 to $250.00 and gave the company a “buy” rating in a report on Tuesday, February 4th. Finally, Robert W. Baird upgraded VeriSign from a “neutral” rating to an “outperform” rating and upped their target price for the company from $200.00 to $250.00 in a report on Monday, December 9th.

VeriSign Stock Performance

NASDAQ:VRSN opened at $238.35 on Friday. The stock’s 50 day moving average price is $223.32 and its 200 day moving average price is $200.07. VeriSign, Inc. has a 52 week low of $167.04 and a 52 week high of $242.23. The company has a market capitalization of $22.55 billion, a P/E ratio of 29.79 and a beta of 0.87.

VeriSign (NASDAQ:VRSN) last released its quarterly earnings data on Thursday, February 6th. The information services provider reported $2.00 EPS for the quarter, hitting analysts’ consensus estimates of $2.00. VeriSign had a negative return on equity of 43.01% and a net margin of 50.47%.

Insider Buying and Selling

In other VeriSign news, SVP John Calys sold 447 shares of the company’s stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $231.75, for a total transaction of $103,592.25. Following the completion of the sale, the senior vice president now owns 23,735 shares of the company’s stock, valued at $5,500,586.25. This represents a 1.85 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.84% of the stock is currently owned by corporate insiders.

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.