EverSource Wealth Advisors LLC Buys 249 Shares of VeriSign, Inc. (NASDAQ:VRSN)

EverSource Wealth Advisors LLC lifted its holdings in shares of VeriSign, Inc. (NASDAQ:VRSN) by 190.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 380 shares of the information services provider’s stock after acquiring an additional 249 shares during the quarter. EverSource Wealth Advisors LLC’s holdings in VeriSign were worth $79,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in VRSN. Victory Capital Management Inc. boosted its stake in shares of VeriSign by 5.4% during the 3rd quarter. Victory Capital Management Inc. now owns 104,110 shares of the information services provider’s stock worth $19,777,000 after acquiring an additional 5,303 shares during the period. OneDigital Investment Advisors LLC bought a new position in shares of VeriSign during the 3rd quarter worth approximately $263,000. CIBC Asset Management Inc boosted its stake in shares of VeriSign by 5.5% during the 3rd quarter. CIBC Asset Management Inc now owns 12,807 shares of the information services provider’s stock worth $2,433,000 after acquiring an additional 670 shares during the period. Empowered Funds LLC boosted its stake in shares of VeriSign by 20.5% during the 3rd quarter. Empowered Funds LLC now owns 8,195 shares of the information services provider’s stock worth $1,557,000 after acquiring an additional 1,392 shares during the period. Finally, Claro Advisors LLC bought a new position in shares of VeriSign during the 3rd quarter worth approximately $324,000. 92.90% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on VRSN shares. StockNews.com downgraded VeriSign from a “buy” rating to a “hold” rating in a research note on Wednesday, March 12th. Baird R W raised VeriSign from a “hold” rating to a “strong-buy” rating in a report on Monday, December 9th. Citigroup lifted their price target on VeriSign from $246.00 to $250.00 and gave the stock a “buy” rating in a report on Tuesday, February 4th. Finally, Robert W. Baird raised VeriSign from a “neutral” rating to an “outperform” rating and lifted their price target for the stock from $200.00 to $250.00 in a report on Monday, December 9th.

VeriSign Trading Up 0.5 %

NASDAQ:VRSN opened at $239.82 on Wednesday. The stock has a market cap of $22.69 billion, a P/E ratio of 29.98 and a beta of 0.87. The stock has a 50 day simple moving average of $224.49 and a 200 day simple moving average of $201.12. VeriSign, Inc. has a 1-year low of $167.05 and a 1-year high of $242.23.

VeriSign (NASDAQ:VRSN) last announced its quarterly earnings data on Thursday, February 6th. The information services provider reported $2.00 earnings per share for the quarter, meeting the consensus estimate of $2.00. VeriSign had a negative return on equity of 43.01% and a net margin of 50.47%.

Insider Buying and Selling at VeriSign

In other VeriSign news, SVP John Calys sold 447 shares of VeriSign stock in a transaction on Monday, February 24th. The stock was sold at an average price of $231.75, for a total value 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 $5,500,586.25. The trade was a 1.85 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.84% of the company’s stock.

About VeriSign

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.