169,157 Shares in VeriSign, Inc. (NASDAQ:VRSN) Purchased by Aware Super Pty Ltd as trustee of Aware Super

Aware Super Pty Ltd as trustee of Aware Super purchased a new stake in shares of VeriSign, Inc. (NASDAQ:VRSN) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 169,157 shares of the information services provider’s stock, valued at approximately $35,009,000. Aware Super Pty Ltd as trustee of Aware Super owned about 0.18% of VeriSign at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of VRSN. Norges Bank purchased a new stake in shares of VeriSign in the 4th quarter worth about $222,840,000. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new position in VeriSign in the fourth quarter worth about $141,129,000. Nordea Investment Management AB lifted its holdings in VeriSign by 544.1% in 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. Troy Asset Management Ltd boosted its position in VeriSign by 49.1% during the 4th quarter. Troy Asset Management Ltd now owns 914,543 shares of the information services provider’s stock valued at $189,274,000 after acquiring an additional 301,267 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC grew 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 worth $53,639,000 after acquiring an additional 199,583 shares during the period. Hedge funds and other institutional investors own 92.90% of the company’s stock.

Insider Transactions at VeriSign

In other news, SVP John Calys sold 447 shares of the business’s 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 owns 23,735 shares in the company, valued at $5,500,586.25. The trade was a 1.85 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 0.84% of the company’s stock.

VeriSign Trading Up 1.8 %

Shares of NASDAQ:VRSN opened at $247.13 on Monday. VeriSign, Inc. has a 12-month low of $167.05 and a 12-month high of $258.67. The stock has a market capitalization of $23.38 billion, a price-to-earnings ratio of 30.89 and a beta of 0.87. The stock has a fifty day simple moving average of $238.32 and a two-hundred day simple moving average of $209.85.

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, hitting the consensus estimate of $2.00. VeriSign had a negative return on equity of 43.01% and a net margin of 50.47%.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on VRSN shares. StockNews.com upgraded VeriSign from a “hold” rating to a “buy” rating in a research report on Saturday. Robert W. Baird lifted their price target on shares of VeriSign from $255.00 to $275.00 and gave the company an “outperform” rating in a research report on Tuesday, April 1st. Finally, Citigroup boosted their price objective on shares of VeriSign from $246.00 to $250.00 and gave the stock a “buy” rating in a research note on Tuesday, February 4th.

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.