Sei Investments Co. Has $22.10 Million Stock Position in VeriSign, Inc. (NASDAQ:VRSN)

Sei Investments Co. boosted its position in VeriSign, Inc. (NASDAQ:VRSN) by 75.2% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 106,766 shares of the information services provider’s stock after acquiring an additional 45,830 shares during the quarter. Sei Investments Co.’s holdings in VeriSign were worth $22,096,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Mizuho Securities USA LLC increased its stake in shares of VeriSign by 43.9% in the fourth quarter. Mizuho Securities USA LLC now owns 7,833 shares of the information services provider’s stock worth $1,621,000 after purchasing an additional 2,390 shares during the period. Summit Global Investments bought a new position in VeriSign in the 4th quarter worth approximately $537,000. Whittier Trust Co. of Nevada Inc. lifted its holdings in shares of VeriSign by 4.6% during the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 1,469 shares of the information services provider’s stock worth $304,000 after buying an additional 64 shares during the last quarter. Teacher Retirement System of Texas boosted its position in shares of VeriSign by 89.5% in the fourth quarter. Teacher Retirement System of Texas now owns 155,551 shares of the information services provider’s stock valued at $32,193,000 after acquiring an additional 73,463 shares during the period. Finally, Generali Investments Management Co LLC acquired a new stake in shares of VeriSign in the fourth quarter worth $2,181,000. Institutional investors own 92.90% of the company’s stock.

VeriSign Price Performance

Shares of VeriSign stock opened at $248.13 on Thursday. VeriSign, Inc. has a 52-week low of $167.05 and a 52-week high of $249.01. The firm has a market capitalization of $23.47 billion, a PE ratio of 31.02 and a beta of 0.87. The company’s fifty day moving average price is $228.68 and its two-hundred day moving average price is $203.56.

VeriSign (NASDAQ:VRSN) last released its quarterly earnings data on Thursday, February 6th. The information services provider reported $2.00 earnings per share 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%.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. Robert W. Baird upgraded shares of 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 research note on Monday, December 9th. StockNews.com cut shares of VeriSign from a “buy” rating to a “hold” rating in a research note on Friday, March 21st. Baird R W raised VeriSign from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 9th. Finally, Citigroup upped their price target on VeriSign from $246.00 to $250.00 and gave the company a “buy” rating in a report on Tuesday, February 4th.

Insider Activity at VeriSign

In other news, SVP John Calys sold 447 shares of the business’s stock in a transaction 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 in the company, valued at $5,500,586.25. The trade was a 1.85 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.84% of the stock is currently owned by insiders.

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.