Vinva Investment Management Ltd Sells 1,895 Shares of VeriSign, Inc. (NASDAQ:VRSN)

Vinva Investment Management Ltd decreased its position in VeriSign, Inc. (NASDAQ:VRSN) by 16.6% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 9,507 shares of the information services provider’s stock after selling 1,895 shares during the period. Vinva Investment Management Ltd’s holdings in VeriSign were worth $1,950,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Crewe Advisors LLC purchased a new stake in VeriSign in the fourth quarter worth $26,000. Whipplewood Advisors LLC purchased a new stake in VeriSign in the fourth quarter worth $26,000. Venturi Wealth Management LLC lifted its stake in VeriSign by 127.2% in the fourth quarter. Venturi Wealth Management LLC now owns 184 shares of the information services provider’s stock worth $38,000 after acquiring an additional 103 shares during the period. BankPlus Trust Department purchased a new stake in VeriSign in the fourth quarter worth $49,000. Finally, Spire Wealth Management lifted its stake in VeriSign by 69.8% in the fourth quarter. Spire Wealth Management now owns 253 shares of the information services provider’s stock worth $52,000 after acquiring an additional 104 shares during the period. Institutional investors own 92.90% of the company’s stock.

Insider Activity

In other news, SVP John Calys sold 447 shares of the firm’s stock in a transaction on Monday, February 24th. The stock was sold at an average price of $231.75, for a total transaction of $103,592.25. Following the completion of the transaction, the senior vice president now directly owns 23,735 shares in the company, valued at $5,500,586.25. This trade represents a 1.85 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.84% of the company’s stock.

Wall Street Analyst Weigh In

VRSN has been the subject of a number of research analyst reports. Citigroup raised their price target on VeriSign from $246.00 to $250.00 and gave the stock a “buy” rating in a research note on Tuesday, February 4th. StockNews.com lowered VeriSign from a “buy” rating to a “hold” rating in a research report on Friday. Baird R W raised VeriSign from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 9th. Finally, Robert W. Baird raised VeriSign from a “neutral” rating to an “outperform” rating and raised their price objective for the company from $200.00 to $250.00 in a research report on Monday, December 9th.

VeriSign Trading Up 0.0 %

Shares of VeriSign stock opened at $242.31 on Friday. VeriSign, Inc. has a 12 month low of $167.05 and a 12 month high of $243.05. The business has a fifty day simple moving average of $225.72 and a two-hundred day simple moving average of $201.69. The firm has a market capitalization of $22.92 billion, a P/E ratio of 30.29 and a beta of 0.87.

VeriSign (NASDAQ:VRSN) last issued its quarterly earnings results 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%.

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.