Aristides Capital LLC Invests $310,000 in VeriSign, Inc. (NASDAQ:VRSN)

Aristides Capital LLC bought a new position in VeriSign, Inc. (NASDAQ:VRSN) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 1,500 shares of the information services provider’s stock, valued at approximately $310,000.

A number of other institutional investors have also added to or reduced their stakes in VRSN. Norges Bank purchased a new position in shares of VeriSign in the 4th quarter worth about $222,840,000. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors purchased a new stake in VeriSign in the fourth quarter worth approximately $141,129,000. Nordea Investment Management AB grew its position 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 valued at $81,003,000 after acquiring an additional 330,561 shares during the last quarter. Troy Asset Management Ltd raised its stake in shares of VeriSign by 49.1% during the fourth quarter. Troy Asset Management Ltd now owns 914,543 shares of the information services provider’s stock worth $189,274,000 after acquiring an additional 301,267 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its holdings in shares of VeriSign by 322.2% in 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 last quarter. Institutional investors own 92.90% of the company’s stock.

Insider Activity

In related news, SVP John Calys sold 447 shares of the business’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 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.84% of the company’s stock.

VeriSign Stock Down 6.0 %

Shares of VRSN opened at $240.20 on Monday. The stock has a market capitalization of $22.72 billion, a P/E ratio of 30.03 and a beta of 0.87. VeriSign, Inc. has a twelve month low of $167.05 and a twelve month high of $258.67. The firm has a fifty day simple moving average of $234.69 and a two-hundred day simple moving average of $207.20.

VeriSign (NASDAQ:VRSN) last posted its 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%.

Analyst Upgrades and Downgrades

VRSN has been the topic of several recent research reports. Citigroup increased their target price on shares of VeriSign from $246.00 to $250.00 and gave the company a “buy” rating in a report on Tuesday, February 4th. StockNews.com raised VeriSign from a “hold” rating to a “buy” rating in a research note on Thursday. Baird R W raised VeriSign from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 9th. Finally, Robert W. Baird increased their target price on VeriSign from $255.00 to $275.00 and gave the company an “outperform” rating in a report on Tuesday, April 1st.

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.