Invesco Ltd. Buys 35,326 Shares of VeriSign, Inc. (NASDAQ:VRSN)

Invesco Ltd. increased its stake in VeriSign, Inc. (NASDAQ:VRSN) by 2.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,701,154 shares of the information services provider’s stock after purchasing an additional 35,326 shares during the period. Invesco Ltd. owned approximately 1.77% of VeriSign worth $352,071,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Nordea Investment Management AB increased its holdings 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 last quarter. Birch Capital Management LLC raised its position in shares of VeriSign by 3,996.0% in the fourth quarter. Birch Capital Management LLC now owns 4,096 shares of the information services provider’s stock valued at $848,000 after purchasing an additional 3,996 shares during the period. Allspring Global Investments Holdings LLC lifted its stake 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 worth $53,639,000 after buying an additional 199,583 shares during the last quarter. Truist Financial Corp boosted 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 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% 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 during the last quarter. Institutional investors own 92.90% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the company. StockNews.com upgraded VeriSign from a “hold” rating to a “buy” rating in a report on Thursday, April 3rd. Citigroup upped their price objective on VeriSign from $246.00 to $250.00 and gave the company a “buy” rating in a report on Tuesday, February 4th. Finally, Robert W. Baird lifted their target price on VeriSign from $255.00 to $275.00 and gave the stock an “outperform” rating in a report on Tuesday, April 1st.

VeriSign Stock Performance

NASDAQ:VRSN opened at $244.63 on Thursday. The company has a market cap of $23.14 billion, a price-to-earnings ratio of 30.58 and a beta of 0.87. VeriSign, Inc. has a fifty-two week low of $167.05 and a fifty-two week high of $258.67. The stock has a fifty day moving average price of $237.21 and a 200-day moving average price of $208.82.

VeriSign (NASDAQ:VRSN) last announced its quarterly earnings data on Thursday, February 6th. The information services provider reported $2.00 earnings per share (EPS) 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%.

Insider Buying and Selling

In other news, SVP John Calys sold 447 shares of VeriSign stock in a transaction dated 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 approximately $5,500,586.25. This trade represents a 1.85 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.84% of the stock is owned by corporate insiders.

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.