Czech National Bank Sells 51 Shares of VeriSign, Inc. (NASDAQ:VRSN)

Posted by Defense World Staff on Mar 26th, 2023

Czech National Bank lowered its position in shares of VeriSign, Inc. (NASDAQ:VRSN – Get Rating) by 0.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,796 shares of the information services provider’s stock after selling 51 shares during the period. Czech National Bank’s holdings in VeriSign were worth $2,218,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in VRSN. Vaughan Nelson Investment Management L.P. bought a new stake in VeriSign in the 3rd quarter worth approximately $78,136,000. Parsifal Capital Management LP bought a new stake in VeriSign in the 3rd quarter worth approximately $64,386,000. CCLA Investment Management bought a new stake in VeriSign in the 3rd quarter worth approximately $64,137,000. Lazard Asset Management LLC grew its position in VeriSign by 26.3% in the 1st quarter. Lazard Asset Management LLC now owns 678,134 shares of the information services provider’s stock worth $150,856,000 after purchasing an additional 141,078 shares during the period. Finally, Alliancebernstein L.P. grew its position in VeriSign by 18.6% in the 3rd quarter. Alliancebernstein L.P. now owns 831,276 shares of the information services provider’s stock worth $144,393,000 after purchasing an additional 130,091 shares during the period. Institutional investors own 91.21% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the stock. Robert W. Baird raised shares of VeriSign from a “neutral” rating to an “outperform” rating and lifted their target price for the stock from $216.00 to $265.00 in a research report on Thursday, December 15th. StockNews.com cut shares of VeriSign from a “buy” rating to a “hold” rating in a research note on Wednesday. Finally, Citigroup lifted their price target on shares of VeriSign from $243.00 to $252.00 and gave the stock a “buy” rating in a research note on Monday, February 13th.

Insider Activity at VeriSign

In related news, CEO D James Bidzos sold 3,000 shares of VeriSign stock in a transaction on Tuesday, January 17th. The shares were sold at an average price of $214.87, for a total transaction of $644,610.00. Following the transaction, the chief executive officer now owns 656,444 shares in the company, valued at approximately $141,050,122.28. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other VeriSign news, CFO George E. Kilguss III sold 25,000 shares of the business’s stock in a transaction on Wednesday, January 11th. The shares were sold at an average price of $210.14, for a total value of $5,253,500.00. Following the sale, the chief financial officer now owns 96,342 shares in the company, valued at approximately $20,245,307.88. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO D James Bidzos sold 3,000 shares of the business’s stock in a transaction on Tuesday, January 17th. The stock was sold at an average price of $214.87, for a total transaction of $644,610.00. Following the completion of the sale, the chief executive officer now owns 656,444 shares in the company, valued at approximately $141,050,122.28. The disclosure for this sale can be found here. In the last quarter, insiders have sold 67,347 shares of company stock worth $13,963,862. 0.98% of the stock is owned by corporate insiders.

VeriSign Price Performance

Shares of VeriSign stock opened at $201.88 on Friday. The company’s fifty day simple moving average is $206.06 and its 200-day simple moving average is $196.26. The stock has a market capitalization of $21.17 billion, a PE ratio of 32.30 and a beta of 1.00. VeriSign, Inc. has a 1-year low of $155.25 and a 1-year high of $228.80.

VeriSign (NASDAQ:VRSN – Get Rating) last released its earnings results on Thursday, February 9th. The information services provider reported $1.70 earnings per share for the quarter, beating 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 in the previous year, the company earned $1.48 EPS. VeriSign’s revenue for the quarter was up 8.5% on a year-over-year basis. As a group, research analysts anticipate that VeriSign, Inc. will post 6.74 EPS for the current year.

About VeriSign

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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.