General Partner Inc. bought a new position in shares of VeriSign, Inc. (NASDAQ:VRSN – Get Rating) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 153 shares of the information services provider’s stock, valued at approximately $31,000.
Several other large investors also recently bought and sold shares of the stock. SeaCrest Wealth Management LLC purchased a new stake in shares of VeriSign in the 2nd quarter valued at $27,000. Private Trust Co. NA purchased a new stake in shares of VeriSign during the second quarter worth $30,000. Guardian Wealth Advisors LLC purchased a new stake in shares of VeriSign in the third quarter valued at about $31,000. Eagle Bay Advisors LLC grew its holdings in shares of VeriSign by 2,628.6% in the second quarter. Eagle Bay Advisors LLC now owns 191 shares of the information services provider’s stock valued at $32,000 after purchasing an additional 184 shares during the period. Finally, Alta Advisers Ltd purchased a new stake in shares of VeriSign in the third quarter valued at about $35,000. Hedge funds and other institutional investors own 91.21% of the company’s stock.
Insiders Place Their Bets
In other VeriSign news, CFO George E. Kilguss III sold 25,000 shares of the firm’s stock in a transaction that occurred on Wednesday, January 11th. The shares were sold at an average price of $210.14, for a total transaction of $5,253,500.00. Following the sale, the chief financial officer now owns 96,342 shares of the company’s stock, valued at $20,245,307.88. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, EVP Thomas C. Indelicarto sold 613 shares of the firm’s stock in a transaction that occurred on Tuesday, January 3rd. The shares were sold at an average price of $206.72, for a total transaction of $126,719.36. Following the transaction, the executive vice president now directly owns 39,019 shares in the company, valued at $8,066,007.68. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO George E. Kilguss III sold 25,000 shares of the firm’s stock in a transaction that occurred on Wednesday, January 11th. The stock was sold at an average price of $210.14, for a total transaction of $5,253,500.00. Following the transaction, the chief financial officer now owns 96,342 shares in the company, valued at $20,245,307.88. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 60,733 shares of company stock valued at $12,645,242. 0.98% of the stock is owned by corporate insiders.
VeriSign Stock Down 0.4 %
VeriSign (NASDAQ:VRSN – Get Rating) last released its quarterly earnings data on Thursday, February 9th. The information services provider reported $1.70 earnings per share for the quarter, topping analysts’ consensus estimates of $1.53 by $0.17. VeriSign had a net margin of 47.30% and a negative return on equity of 46.13%. The company had revenue of $369.20 million for the quarter, compared to analysts’ expectations of $366.10 million. During the same quarter last year, the company earned $1.48 earnings per share. The firm’s revenue for the quarter was up 8.5% on a year-over-year basis. On average, equities analysts anticipate that VeriSign, Inc. will post 6.74 EPS for the current year.
Wall Street Analysts Forecast Growth
A number of equities research analysts recently issued reports on VRSN shares. Citigroup upped their price objective on shares of VeriSign from $243.00 to $252.00 and gave the company a “buy” rating in a report on Monday, February 13th. Robert W. Baird raised shares of VeriSign from a “neutral” rating to an “outperform” rating and increased their target price for the stock from $216.00 to $265.00 in a research note on Thursday, December 15th. Finally, StockNews.com raised shares of VeriSign from a “hold” rating to a “buy” rating in a research note on Tuesday.
VeriSign Profile
VeriSign, Inc provides domain name registry services and Internet infrastructure, which enables Internet navigation for many of the world’s most recognized domain names. It enables the security, stability, and resiliency of key Internet infrastructure and services, including providing root zone maintainer services.
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