VeriSign, Inc. (NASDAQ:VRSN) Shares Purchased by Teacher Retirement System of Texas

Teacher Retirement System of Texas grew its holdings in shares of VeriSign, Inc. (NASDAQ:VRSN) by 89.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 155,551 shares of the information services provider’s stock after buying an additional 73,463 shares during the quarter. Teacher Retirement System of Texas owned 0.16% of VeriSign worth $32,193,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Nordea Investment Management AB grew its stake in VeriSign by 544.1% during the fourth quarter. Nordea Investment Management AB now owns 391,319 shares of the information services provider’s stock worth $81,003,000 after buying an additional 330,561 shares during the period. Birch Capital Management LLC grew its stake in VeriSign by 3,996.0% during the fourth quarter. Birch Capital Management LLC now owns 4,096 shares of the information services provider’s stock worth $848,000 after buying an additional 3,996 shares during the period. Allspring Global Investments Holdings LLC grew its stake in VeriSign by 322.2% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 261,526 shares of the information services provider’s stock worth $53,639,000 after buying an additional 199,583 shares during the period. Truist Financial Corp grew its stake in VeriSign by 12.2% during the fourth quarter. Truist Financial Corp now owns 20,462 shares of the information services provider’s stock worth $4,235,000 after buying an additional 2,218 shares during the period. Finally, MML Investors Services LLC grew its stake in VeriSign by 602.6% during the third quarter. MML Investors Services LLC now owns 11,712 shares of the information services provider’s stock worth $2,225,000 after buying an additional 10,045 shares during the period. 92.90% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. Baird R W upgraded shares of VeriSign from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 9th. Citigroup upped their target price on shares of VeriSign from $246.00 to $250.00 and gave the company a “buy” rating in a research note on Tuesday, February 4th. StockNews.com downgraded shares of VeriSign from a “buy” rating to a “hold” rating in a research note on Friday. Finally, Robert W. Baird upgraded shares of 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.

Insider Activity at VeriSign

In related news, SVP John Calys sold 447 shares of the company’s stock in a transaction on Monday, February 24th. The shares were sold at an average price of $231.75, for a total value of $103,592.25. Following the sale, the senior vice president now directly owns 23,735 shares of the company’s stock, valued at $5,500,586.25. This 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 currently owned by corporate insiders.

VeriSign Trading Up 0.0 %

Shares of VRSN stock opened at $242.31 on Friday. The company has a market capitalization of $22.92 billion, a PE ratio of 30.29 and a beta of 0.87. The firm has a fifty day simple moving average of $225.72 and a 200-day simple moving average of $201.69. VeriSign, Inc. has a twelve month low of $167.05 and a twelve month high of $243.05.

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

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.