VeriSign, Inc. (NASDAQ:VRSN) Shares Bought by Mediolanum International Funds Ltd

Mediolanum International Funds Ltd lifted its stake in shares of VeriSign, Inc. (NASDAQ:VRSN) by 36.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 92,856 shares of the information services provider’s stock after acquiring an additional 24,940 shares during the period. Mediolanum International Funds Ltd owned 0.10% of VeriSign worth $18,998,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Concord Wealth Partners lifted its holdings in VeriSign by 93.2% in the 3rd quarter. Concord Wealth Partners now owns 226 shares of the information services provider’s stock valued at $43,000 after purchasing an additional 109 shares in the last quarter. Tobam raised its position in shares of VeriSign by 61.1% in the third quarter. Tobam now owns 311 shares of the information services provider’s stock valued at $59,000 after buying an additional 118 shares during the last quarter. Intact Investment Management Inc. purchased a new position in shares of VeriSign during the third quarter valued at approximately $76,000. Blue Trust Inc. lifted its stake in shares of VeriSign by 138.6% during the third quarter. Blue Trust Inc. now owns 420 shares of the information services provider’s stock valued at $75,000 after buying an additional 244 shares during the period. Finally, E Fund Management Hong Kong Co. Ltd. acquired a new stake in VeriSign during the fourth quarter worth approximately $105,000. Institutional investors and hedge funds own 92.90% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. Baird R W upgraded VeriSign from a “hold” rating to a “strong-buy” rating in a report on Monday, December 9th. 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 research note on Monday, December 9th. Citigroup raised their price target on VeriSign from $210.00 to $238.00 and gave the stock a “buy” rating in a research note on Friday, January 3rd. Finally, StockNews.com upgraded VeriSign from a “hold” rating to a “buy” rating in a report on Tuesday, January 7th.

Insider Buying and Selling at VeriSign

In related news, EVP Danny R. Mcpherson sold 2,092 shares of the firm’s stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $192.43, for a total transaction of $402,563.56. Following the sale, the executive vice president now directly owns 26,157 shares in the company, valued at approximately $5,033,391.51. This trade represents a 7.41 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.84% of the stock is owned by company insiders.

VeriSign Stock Up 0.1 %

Shares of NASDAQ VRSN opened at $214.01 on Friday. The stock has a market capitalization of $20.57 billion, a PE ratio of 24.88 and a beta of 0.89. The firm has a fifty day moving average of $200.91 and a 200-day moving average of $188.76. VeriSign, Inc. has a 52-week low of $167.04 and a 52-week high of $216.83.

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.