Bryn Mawr Capital Management LLC Makes New $214,000 Investment in VeriSign, Inc. (NASDAQ:VRSN)

Bryn Mawr Capital Management LLC acquired a new stake in shares of VeriSign, Inc. (NASDAQ:VRSN) during the 4th quarter, Holdings Channel.com reports. The firm acquired 1,035 shares of the information services provider’s stock, valued at approximately $214,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Crewe Advisors LLC acquired a new position in VeriSign during the fourth quarter worth $26,000. Venturi Wealth Management LLC raised its holdings in VeriSign by 127.2% in the 4th quarter. Venturi Wealth Management LLC now owns 184 shares of the information services provider’s stock valued at $38,000 after acquiring an additional 103 shares during the period. BankPlus Trust Department bought a new stake in shares of VeriSign in the fourth quarter valued at about $49,000. Spire Wealth Management grew its position in VeriSign by 69.8% during the fourth quarter. Spire Wealth Management now owns 253 shares of the information services provider’s stock worth $52,000 after buying an additional 104 shares in the last quarter. Finally, Capital Advisors Ltd. LLC increased its holdings in VeriSign by 46.2% in the 4th quarter. Capital Advisors Ltd. LLC now owns 272 shares of the information services provider’s stock valued at $56,000 after buying an additional 86 shares during the period. Institutional investors and hedge funds own 92.90% of the company’s stock.

Insider Buying and Selling

In related news, EVP Danny R. Mcpherson sold 2,092 shares of the firm’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $192.43, for a total transaction of $402,563.56. Following the transaction, the executive vice president now directly owns 26,157 shares in the company, valued at $5,033,391.51. This trade represents a 7.41 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 transaction of $103,592.25. Following the sale, the senior vice president now 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 disclosure for this sale can be found here. 0.84% of the stock is currently owned by company insiders.

VeriSign Trading Down 0.9 %

VRSN stock opened at $235.03 on Friday. The stock has a market cap of $22.23 billion, a P/E ratio of 29.38 and a beta of 0.90. The stock’s fifty day simple moving average is $215.70 and its two-hundred day simple moving average is $195.52. VeriSign, Inc. has a 1-year low of $167.04 and a 1-year high of $239.95.

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

Analyst Ratings Changes

Several research analysts have recently issued reports on VRSN shares. 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 upgraded shares of 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. StockNews.com upgraded VeriSign from a “hold” rating to a “buy” rating in a report on Tuesday, January 7th. Finally, Citigroup lifted their target price on VeriSign from $246.00 to $250.00 and gave the stock a “buy” rating in a report on Tuesday, February 4th.

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.