DekaBank Deutsche Girozentrale lifted its holdings in shares of VeriSign, Inc. (NASDAQ:VRSN – Get Rating) by 22.4% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 19,281 shares of the information services provider’s stock after buying an additional 3,534 shares during the period. DekaBank Deutsche Girozentrale’s holdings in VeriSign were worth $3,929,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently bought and sold shares of VRSN. American Century Companies Inc. lifted its stake in VeriSign by 22.9% in the first quarter. American Century Companies Inc. now owns 2,956 shares of the information services provider’s stock valued at $657,000 after buying an additional 551 shares during the last quarter. Cetera Advisor Networks LLC increased its holdings in shares of VeriSign by 10.4% in the 1st quarter. Cetera Advisor Networks LLC now owns 1,425 shares of the information services provider’s stock worth $317,000 after acquiring an additional 134 shares during the period. Synovus Financial Corp bought a new stake in VeriSign in the 1st quarter valued at about $767,000. Sei Investments Co. boosted its stake in VeriSign by 15.4% during the 1st quarter. Sei Investments Co. now owns 12,329 shares of the information services provider’s stock valued at $2,725,000 after purchasing an additional 1,641 shares during the period. Finally, Canada Pension Plan Investment Board grew its position in VeriSign by 14.9% in the 1st quarter. Canada Pension Plan Investment Board now owns 35,029 shares of the information services provider’s stock worth $7,793,000 after purchasing an additional 4,545 shares during the last quarter. Institutional investors and hedge funds own 91.21% of the company’s stock.
Insider Activity
In other news, EVP Thomas C. Indelicarto sold 614 shares of the company’s stock in a transaction on Tuesday, February 7th. The stock was sold at an average price of $212.78, for a total value of $130,646.92. Following the completion of the sale, the executive vice president now owns 37,792 shares in the company, valued at $8,041,381.76. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other news, EVP Thomas C. Indelicarto sold 614 shares of VeriSign stock in a transaction that occurred on Tuesday, February 7th. The shares were sold at an average price of $212.78, for a total value of $130,646.92. Following the transaction, the executive vice president now owns 37,792 shares of the company’s stock, valued at approximately $8,041,381.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO D James Bidzos sold 2,000 shares of the business’s stock in a transaction that occurred on Thursday, February 16th. The stock was sold at an average price of $208.76, for a total transaction of $417,520.00. Following the completion of the sale, the chief executive officer now owns 662,108 shares in the company, valued at $138,221,666.08. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 36,599 shares of company stock worth $7,544,089. 0.98% of the stock is owned by company insiders.
VeriSign Trading Down 1.1 %
VeriSign (NASDAQ:VRSN – Get Rating) last posted its quarterly earnings data on Thursday, February 9th. The information services provider reported $1.70 EPS 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 business had revenue of $369.20 million for the quarter, compared to analyst estimates of $366.10 million. During the same quarter last year, the business earned $1.48 earnings per share. The business’s revenue for the quarter was up 8.5% on a year-over-year basis. Research analysts expect that VeriSign, Inc. will post 6.74 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
A number of research firms have recently weighed in on VRSN. StockNews.com cut VeriSign from a “buy” rating to a “hold” rating in a report on Thursday. Citigroup boosted their price target on VeriSign from $243.00 to $252.00 and gave the stock a “buy” rating in a research report on Monday, February 13th.
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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