Bank of New York Mellon Corp reduced its position in VeriSign, Inc. (NASDAQ:VRSN - Free Report) by 1.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 611,718 shares of the information services provider's stock after selling 7,035 shares during the period. Bank of New York Mellon Corp owned about 0.64% of VeriSign worth $126,601,000 at the end of the most recent quarter.
Several other hedge funds also recently bought and sold shares of VRSN. Crewe Advisors LLC bought a new stake in shares of VeriSign in the 4th quarter valued at approximately $26,000. Venturi Wealth Management LLC lifted its stake in VeriSign by 127.2% in the fourth 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 last quarter. BankPlus Trust Department acquired a new position in shares of VeriSign during the 4th quarter worth $49,000. Spire Wealth Management raised its holdings in shares of VeriSign by 69.8% during the 4th quarter. Spire Wealth Management now owns 253 shares of the information services provider's stock valued at $52,000 after purchasing an additional 104 shares in the last quarter. Finally, Capital Advisors Ltd. LLC raised its holdings in shares of VeriSign by 46.2% during the 4th quarter. Capital Advisors Ltd. LLC now owns 272 shares of the information services provider's stock valued at $56,000 after purchasing an additional 86 shares in the last quarter. 92.90% of the stock is owned by institutional investors and hedge funds.
In related news, EVP Danny R. Mcpherson sold 2,092 shares of the company's stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $192.43, for a total value of $402,563.56. Following the completion of the transaction, the executive vice president now directly owns 26,157 shares in the company, valued at approximately $5,033,391.51. This represents a 7.41 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP John Calys sold 447 shares of the firm'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 directly 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 disclosure for this sale can be found here. Insiders own 0.84% of the company's stock.
NASDAQ VRSN opened at $237.88 on Friday. The stock has a 50-day simple moving average of $216.48 and a 200 day simple moving average of $196.11. VeriSign, Inc. has a twelve month low of $167.04 and a twelve month high of $239.95. The stock has a market capitalization of $22.50 billion, a PE ratio of 29.74 and a beta of 0.90.
VeriSign (NASDAQ:VRSN - Get Free Report) last issued its quarterly earnings results on Thursday, February 6th. The information services provider reported $2.00 EPS for the quarter, hitting analysts' consensus estimates of $2.00. VeriSign had a negative return on equity of 43.01% and a net margin of 50.47%.
VRSN has been the topic of several analyst reports. Citigroup increased their target price on shares of VeriSign from $246.00 to $250.00 and gave the stock a "buy" rating in a research report on Tuesday, February 4th. StockNews.com raised VeriSign from a "hold" rating to a "buy" rating in a report on Tuesday, January 7th. Baird R W upgraded VeriSign from a "hold" rating to a "strong-buy" rating in a report on Monday, December 9th. Finally, Robert W. Baird raised 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.
Check Out Our Latest Analysis on VRSN
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.
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