New York State Teachers Retirement System trimmed its position in shares of VeriSign, Inc. (NASDAQ:VRSN – Get Rating) by 0.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 110,647 shares of the information services provider’s stock after selling 49 shares during the period. New York State Teachers Retirement System owned 0.10% of VeriSign worth $22,731,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently modified their holdings of VRSN. Vaughan Nelson Investment Management L.P. bought a new stake in shares of VeriSign during the 3rd quarter valued at $78,136,000. Parsifal Capital Management LP bought a new stake in VeriSign in the 3rd quarter valued at $64,386,000. CCLA Investment Management bought a new stake in VeriSign in the 3rd quarter valued at $64,137,000. Allspring Global Investments Holdings LLC increased its holdings in VeriSign by 2,033.2% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 231,259 shares of the information services provider’s stock valued at $47,510,000 after acquiring an additional 220,418 shares during the last quarter. Finally, Lazard Asset Management LLC increased its holdings 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 valued at $150,856,000 after acquiring an additional 141,078 shares during the last quarter. 91.21% of the stock is currently owned by institutional investors.
Insiders Place Their Bets
In other VeriSign 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 value of $644,610.00. Following the completion of the transaction, the chief executive officer now directly owns 656,444 shares of the company’s stock, valued at approximately $141,050,122.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, EVP Thomas C. Indelicarto sold 614 shares of VeriSign stock in a transaction dated Tuesday, April 4th. The shares were sold at an average price of $213.36, for a total transaction of $131,003.04. Following the completion of the transaction, the executive vice president now directly owns 44,571 shares of the company’s stock, valued at approximately $9,509,668.56. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO D James Bidzos sold 3,000 shares of VeriSign stock in a transaction dated Tuesday, January 17th. The stock was sold at an average price of $214.87, for a total transaction of $644,610.00. Following the transaction, the chief executive officer now directly owns 656,444 shares of the company’s stock, valued at $141,050,122.28. The disclosure for this sale can be found here. Insiders sold 34,860 shares of company stock valued at $7,179,692 in the last three months. Corporate insiders own 0.98% of the company’s stock.
VeriSign Stock Up 0.5 %
VeriSign (NASDAQ:VRSN – Get Rating) last issued its quarterly earnings data on Thursday, February 9th. The information services provider reported $1.70 EPS 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 business had revenue of $369.20 million during the quarter, compared to analysts’ expectations of $366.10 million. During the same period last year, the company posted $1.48 EPS. The business’s revenue was up 8.5% on a year-over-year basis. On average, analysts expect that VeriSign, Inc. will post 6.74 earnings per share for the current year.
Wall Street Analyst Weigh In
A number of analysts have issued reports on the stock. Robert W. Baird upgraded shares of VeriSign from a “neutral” rating to an “outperform” rating and lifted their price target for the company from $216.00 to $265.00 in a report on Thursday, December 15th. Citigroup lifted their price target on shares of VeriSign from $243.00 to $252.00 and gave the company a “buy” rating in a report on Monday, February 13th. Finally, StockNews.com downgraded shares of VeriSign from a “buy” rating to a “hold” rating in a report on Friday, April 7th.
About VeriSign
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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