1,013 Shares in VeriSign, Inc. (NASDAQ:VRSN) Purchased by TIAA Trust National Association

TIAA Trust National Association bought a new stake in shares of VeriSign, Inc. (NASDAQ:VRSN) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 1,013 shares of the information services provider’s stock, valued at approximately $210,000.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Nordea Investment Management AB raised its holdings in shares of 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 acquiring an additional 330,561 shares in the last quarter. Birch Capital Management LLC raised its stake in shares of VeriSign by 3,996.0% during the 4th quarter. Birch Capital Management LLC now owns 4,096 shares of the information services provider’s stock worth $848,000 after purchasing an additional 3,996 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in shares of VeriSign by 322.2% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 261,526 shares of the information services provider’s stock valued at $53,639,000 after buying an additional 199,583 shares during the last quarter. Truist Financial Corp lifted its holdings in shares of VeriSign by 12.2% during the 4th quarter. Truist Financial Corp now owns 20,462 shares of the information services provider’s stock valued at $4,235,000 after buying an additional 2,218 shares during the last quarter. Finally, MML Investors Services LLC grew its stake in shares of VeriSign by 602.6% in the 3rd quarter. MML Investors Services LLC now owns 11,712 shares of the information services provider’s stock valued at $2,225,000 after buying an additional 10,045 shares in the last quarter. Hedge funds and other institutional investors own 92.90% of the company’s stock.

Insider Activity at VeriSign

In related news, SVP John Calys sold 447 shares of the business’s stock in a transaction on Monday, February 24th. The shares were sold at an average price of $231.75, for a total transaction of $103,592.25. Following the transaction, the senior vice president now owns 23,735 shares of the company’s stock, valued at approximately $5,500,586.25. The trade was a 1.85 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.84% of the stock is owned by corporate insiders.

VeriSign Trading Down 1.5 %

Shares of VeriSign stock opened at $250.92 on Friday. The firm has a fifty day simple moving average of $230.38 and a 200-day simple moving average of $204.39. The stock has a market capitalization of $23.74 billion, a price-to-earnings ratio of 31.37 and a beta of 0.87. VeriSign, Inc. has a 1-year low of $167.05 and a 1-year high of $256.35.

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

Wall Street Analyst Weigh In

A number of research firms have issued reports on VRSN. Citigroup lifted 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. Baird R W upgraded shares of VeriSign from a “hold” rating to a “strong-buy” rating in a report on Monday, December 9th. Robert W. Baird raised VeriSign from a “neutral” rating to an “outperform” rating and boosted their price target for the stock from $200.00 to $250.00 in a research report on Monday, December 9th. Finally, StockNews.com lowered VeriSign from a “buy” rating to a “hold” rating in a report on Friday, March 21st.

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.