Bryce Point Capital LLC Takes Position in VeriSign, Inc. (NASDAQ:VRSN)

Bryce Point Capital LLC purchased a new position in VeriSign, Inc. (NASDAQ:VRSN) during the fourth quarter, HoldingsChannel reports. The firm purchased 4,156 shares of the information services provider’s stock, valued at approximately $860,000.

Several other large investors also recently modified their holdings of VRSN. Arrowstreet Capital Limited Partnership boosted its position in VeriSign by 10.0% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,284,759 shares of the information services provider’s stock worth $265,894,000 after purchasing an additional 116,833 shares during the last quarter. Norges Bank purchased a new position in shares of VeriSign in the fourth quarter worth approximately $222,840,000. Troy Asset Management Ltd grew its position in VeriSign by 49.1% during the fourth quarter. Troy Asset Management Ltd now owns 914,543 shares of the information services provider’s stock valued at $189,274,000 after buying an additional 301,267 shares during the period. Amundi grew its position in VeriSign by 17.8% during the fourth quarter. Amundi now owns 702,055 shares of the information services provider’s stock valued at $148,604,000 after buying an additional 106,094 shares during the period. Finally, C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new position in VeriSign in the fourth quarter worth approximately $141,129,000. Institutional investors own 92.90% of the company’s stock.

VeriSign Price Performance

Shares of VRSN stock opened at $255.50 on Thursday. VeriSign, Inc. has a one year low of $167.05 and a one year high of $257.70. The company’s fifty day moving average price is $233.13 and its 200-day moving average price is $206.09. The company has a market capitalization of $24.17 billion, a price-to-earnings ratio of 31.94 and a beta of 0.87.

VeriSign (NASDAQ:VRSN) last posted its quarterly earnings results on Thursday, February 6th. The information services provider reported $2.00 EPS 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%.

Insider Activity at VeriSign

In related news, SVP John Calys sold 447 shares of the firm’s stock in a transaction on Monday, February 24th. The shares were sold at an average price of $231.75, for a total transaction of $103,592.25. Following the completion of the transaction, the senior vice president now directly owns 23,735 shares of the company’s stock, valued at approximately $5,500,586.25. This trade represents a 1.85 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.84% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on VRSN. Citigroup boosted their price objective on shares of VeriSign from $246.00 to $250.00 and gave the company a “buy” rating in a research report on Tuesday, February 4th. Baird R W raised VeriSign from a “hold” rating to a “strong-buy” rating in a report on Monday, December 9th. Robert W. Baird upped their price target on VeriSign from $255.00 to $275.00 and gave the stock an “outperform” rating in a research report on Tuesday. Finally, StockNews.com cut VeriSign from a “buy” rating to a “hold” rating in a research report on Friday, March 21st.

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.