2,900 Shares in VeriSign, Inc. (NASDAQ:VRSN) Purchased by United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund

United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund purchased a new stake in shares of VeriSign, Inc. (NASDAQ:VRSN) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 2,900 shares of the information services provider’s stock, valued at approximately $600,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new stake in VeriSign during the 4th quarter worth approximately $141,129,000. Nordea Investment Management AB increased its holdings in shares of 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 purchasing an additional 330,561 shares during the period. Allspring Global Investments Holdings LLC raised its position in shares of VeriSign by 322.2% in the fourth 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 in the last quarter. Point72 Asset Management L.P. bought a new stake in VeriSign during the third quarter valued at $35,665,000. Finally, Assenagon Asset Management S.A. grew its position in VeriSign by 56.8% during the fourth quarter. Assenagon Asset Management S.A. now owns 383,100 shares of the information services provider’s stock worth $79,286,000 after buying an additional 138,796 shares in the last quarter. 92.90% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on VRSN. Citigroup lifted their price target on VeriSign from $246.00 to $250.00 and gave the company a “buy” rating in a research report on Tuesday, February 4th. Baird R W raised shares of VeriSign from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 9th. StockNews.com cut shares of VeriSign from a “buy” rating to a “hold” rating in a research report on Friday, March 21st. Finally, Robert W. Baird upgraded shares of VeriSign from a “neutral” rating to an “outperform” rating and upped their target price for the stock from $200.00 to $250.00 in a research report on Monday, December 9th.

Insider Transactions at VeriSign

In other VeriSign news, SVP John Calys sold 447 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the senior vice president now 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.84% of the company’s stock.

VeriSign Trading Up 0.2 %

VRSN opened at $245.81 on Wednesday. VeriSign, Inc. has a 12 month low of $167.05 and a 12 month high of $247.47. The business’s 50-day moving average price is $227.92 and its 200-day moving average price is $203.24. The company has a market cap of $23.25 billion, a P/E ratio of 30.73 and a beta of 0.87.

VeriSign (NASDAQ:VRSN) last announced its quarterly 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 negative return on equity of 43.01% and a net margin of 50.47%.

VeriSign 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.