Ninety One UK Ltd Cuts Stock Holdings in VeriSign, Inc. (NASDAQ:VRSN)

Ninety One UK Ltd decreased its holdings in shares of VeriSign, Inc. (NASDAQ:VRSNFree Report) by 0.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,911,460 shares of the information services provider’s stock after selling 17,739 shares during the quarter. VeriSign comprises about 2.2% of Ninety One UK Ltd’s portfolio, making the stock its 11th biggest holding. Ninety One UK Ltd’s holdings in VeriSign were worth $809,516,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Empirical Finance LLC lifted its position in shares of VeriSign by 1.9% during the third quarter. Empirical Finance LLC now owns 3,038 shares of the information services provider’s stock worth $577,000 after purchasing an additional 57 shares in the last quarter. West Family Investments Inc. lifted its holdings in VeriSign by 3.9% during the 3rd quarter. West Family Investments Inc. now owns 1,537 shares of the information services provider’s stock worth $292,000 after buying an additional 57 shares in the last quarter. CX Institutional boosted its position in VeriSign by 5.1% in the 4th quarter. CX Institutional now owns 1,173 shares of the information services provider’s stock valued at $243,000 after buying an additional 57 shares during the period. Patriot Financial Group Insurance Agency LLC grew its stake in shares of VeriSign by 5.5% in the fourth quarter. Patriot Financial Group Insurance Agency LLC now owns 1,429 shares of the information services provider’s stock worth $296,000 after acquiring an additional 74 shares in the last quarter. Finally, Hantz Financial Services Inc. increased its position in shares of VeriSign by 2.7% during the fourth quarter. Hantz Financial Services Inc. now owns 3,125 shares of the information services provider’s stock worth $647,000 after acquiring an additional 81 shares during the period. Institutional investors and hedge funds own 92.90% of the company’s stock.

VeriSign Stock Performance

VRSN opened at $218.50 on Wednesday. The business’s 50-day simple moving average is $202.86 and its 200-day simple moving average is $189.61. The company has a market cap of $21.00 billion, a P/E ratio of 25.41 and a beta of 0.90. VeriSign, Inc. has a one year low of $167.04 and a one year high of $219.57.

Insider Buying and Selling at VeriSign

In other news, EVP Danny R. Mcpherson sold 2,092 shares of the company’s 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 completion of the transaction, the executive vice president now owns 26,157 shares in the company, valued at approximately $5,033,391.51. This represents a 7.41 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. 0.84% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several research analysts recently commented on VRSN shares. Citigroup boosted their target price on VeriSign from $246.00 to $250.00 and gave the stock a “buy” rating in a research note on Tuesday. Baird R W raised VeriSign from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 9th. StockNews.com raised shares of VeriSign from a “hold” rating to a “buy” rating in a report on Tuesday, January 7th. Finally, Robert W. Baird upgraded shares of VeriSign from a “neutral” rating to an “outperform” rating and boosted their price target for the stock from $200.00 to $250.00 in a report on Monday, December 9th.

Get Our Latest Stock Analysis on VRSN

VeriSign Company Profile

(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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Institutional Ownership by Quarter for VeriSign (NASDAQ:VRSN)

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