Robeco Institutional Asset Management B.V. Sells 1,112 Shares of VeriSign, Inc. (NASDAQ:VRSN)

Robeco Institutional Asset Management B.V. reduced its stake in VeriSign, Inc. (NASDAQ:VRSN) by 0.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 131,625 shares of the information services provider’s stock after selling 1,112 shares during the quarter. Robeco Institutional Asset Management B.V. owned about 0.14% of VeriSign worth $27,241,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of VRSN. Patriot Financial Group Insurance Agency LLC increased its stake in shares of VeriSign by 5.5% during 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 purchasing an additional 74 shares during the period. Pacer Advisors Inc. increased its position in VeriSign by 10.2% during the 4th quarter. Pacer Advisors Inc. now owns 36,698 shares of the information services provider’s stock worth $7,595,000 after buying an additional 3,408 shares during the period. KBC Group NV increased its position in VeriSign by 206.0% during the fourth quarter. KBC Group NV now owns 53,527 shares of the information services provider’s stock worth $11,077,000 after acquiring an additional 36,032 shares during the period. Blue Trust Inc. raised its position in shares of VeriSign by 35.7% in the fourth quarter. Blue Trust Inc. now owns 570 shares of the information services provider’s stock valued at $108,000 after buying an additional 150 shares in the last quarter. Finally, E Fund Management Hong Kong Co. Ltd. acquired a new position in VeriSign in the 4th quarter valued at $105,000. 92.90% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Insider Buying and Selling

In other VeriSign news, EVP Danny R. Mcpherson sold 2,092 shares of VeriSign stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $192.43, for a total transaction of $402,563.56. Following the transaction, the executive vice president now owns 26,157 shares of the company’s stock, valued at $5,033,391.51. This trade represents a 7.41 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.84% of the stock is owned by corporate insiders.

VeriSign Trading Up 0.1 %

Shares of NASDAQ:VRSN opened at $214.01 on Friday. VeriSign, Inc. has a 1-year low of $167.04 and a 1-year high of $216.83. The stock has a market cap of $20.57 billion, a PE ratio of 24.88 and a beta of 0.89. The stock’s fifty day simple moving average is $200.91 and its two-hundred day simple moving average is $188.76.

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.