VeriSign, Inc. (NASDAQ:VRSN) Shares Bought by Teacher Retirement System of Texas

Teacher Retirement System of Texas grew its holdings in shares of VeriSign, Inc. (NASDAQ:VRSN) by 89.5% during the fourth quarter, Holdings Channel reports. The firm owned 155,551 shares of the information services provider’s stock after acquiring an additional 73,463 shares during the quarter. Teacher Retirement System of Texas’ holdings in VeriSign were worth $32,193,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Generali Investments Management Co LLC acquired a new stake in shares of VeriSign in the 4th quarter worth about $2,181,000. GCQ FUNDS MANAGEMENT PTY Ltd acquired a new stake in shares of VeriSign in the 4th quarter worth about $20,420,000. Harvest Fund Management Co. Ltd acquired a new stake in shares of VeriSign in the 4th quarter worth about $182,000. OVERSEA CHINESE BANKING Corp Ltd acquired a new stake in shares of VeriSign in the 4th quarter worth about $225,000. Finally, Parallel Advisors LLC increased its holdings in shares of VeriSign by 30.7% in the 4th quarter. Parallel Advisors LLC now owns 2,399 shares of the information services provider’s stock worth $496,000 after acquiring an additional 564 shares during the period. 92.90% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, SVP John Calys sold 447 shares of the firm’s stock in a transaction dated Monday, February 24th. The shares were 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 owns 23,735 shares in the company, valued at approximately $5,500,586.25. This trade represents a 1.85 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 0.84% of the company’s stock.

VeriSign Stock Up 0.0 %

Shares of VRSN opened at $242.31 on Friday. The firm has a 50-day moving average price of $225.72 and a 200 day moving average price of $201.69. The firm has a market capitalization of $22.92 billion, a PE ratio of 30.29 and a beta of 0.87. VeriSign, Inc. has a 52-week low of $167.05 and a 52-week high of $243.05.

VeriSign (NASDAQ:VRSN) last announced its earnings results on Thursday, February 6th. The information services provider reported $2.00 earnings per share (EPS) for the quarter, meeting 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 analysts recently weighed in on the stock. Baird R W raised shares of VeriSign from a “hold” rating to a “strong-buy” rating in a report on Monday, December 9th. Robert W. Baird raised shares of VeriSign from a “neutral” rating to an “outperform” rating and increased their price objective for the stock from $200.00 to $250.00 in a report on Monday, December 9th. StockNews.com cut shares of VeriSign from a “buy” rating to a “hold” rating in a report on Friday. Finally, Citigroup increased their target price on shares of VeriSign from $246.00 to $250.00 and gave the company a “buy” rating in a research 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.