Amalgamated Bank Has $5.50 Million Position in VeriSign, Inc. (NASDAQ:VRSN)

Amalgamated Bank boosted its holdings in shares of VeriSign, Inc. (NASDAQ:VRSNFree Report) by 4.6% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 27,142 shares of the information services provider’s stock after buying an additional 1,185 shares during the period. Amalgamated Bank’s holdings in VeriSign were worth $5,497,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in VRSN. Norges Bank acquired a new stake in shares of VeriSign in the 4th quarter valued at $201,956,000. BlackRock Inc. boosted its stake in shares of VeriSign by 6.9% in the 1st quarter. BlackRock Inc. now owns 9,152,000 shares of the information services provider’s stock valued at $1,934,092,000 after purchasing an additional 587,635 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in shares of VeriSign by 123.5% in the 2nd quarter. JPMorgan Chase & Co. now owns 563,787 shares of the information services provider’s stock valued at $127,399,000 after purchasing an additional 311,502 shares in the last quarter. Two Sigma Advisers LP boosted its stake in shares of VeriSign by 71.3% in the 1st quarter. Two Sigma Advisers LP now owns 450,195 shares of the information services provider’s stock valued at $95,140,000 after purchasing an additional 187,400 shares in the last quarter. Finally, Royal Bank of Canada boosted its stake in shares of VeriSign by 122.7% in the 2nd quarter. Royal Bank of Canada now owns 314,799 shares of the information services provider’s stock valued at $71,136,000 after purchasing an additional 173,443 shares in the last quarter. Institutional investors and hedge funds own 90.95% of the company’s stock.

VeriSign Stock Up 0.2 %

VeriSign stock opened at $198.71 on Wednesday. The stock has a 50-day simple moving average of $205.98 and a 200 day simple moving average of $205.81. VeriSign, Inc. has a 12-month low of $188.44 and a 12-month high of $229.72. The stock has a market capitalization of $20.29 billion, a price-to-earnings ratio of 28.31 and a beta of 0.90.

Insider Activity at VeriSign

In related news, CEO D James Bidzos sold 2,000 shares of VeriSign stock in a transaction dated Thursday, January 18th. The stock was sold at an average price of $201.35, for a total value of $402,700.00. Following the completion of the transaction, the chief executive officer now directly owns 500,306 shares of the company’s stock, valued at $100,736,613.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other VeriSign news, CEO D James Bidzos sold 2,000 shares of the company’s stock in a transaction dated Thursday, January 18th. The shares were sold at an average price of $201.35, for a total transaction of $402,700.00. Following the transaction, the chief executive officer now directly owns 500,306 shares in the company, valued at approximately $100,736,613.10. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Thomas C. Indelicarto sold 613 shares of the company’s stock in a transaction dated Tuesday, December 5th. The shares were sold at an average price of $218.54, for a total transaction of $133,965.02. Following the transaction, the executive vice president now owns 37,268 shares in the company, valued at $8,144,548.72. The disclosure for this sale can be found here. Insiders sold 44,589 shares of company stock valued at $9,354,444 over the last ninety days. 0.94% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded shares of VeriSign from a “buy” rating to a “hold” rating in a research note on Friday, December 8th.

Get Our Latest Stock Report on VRSN

About VeriSign

(Free Report)

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 the 13 internet root servers; and offering registration services and authoritative resolution for the .com and .net domains, which supports global e-commerce.

See Also

Institutional Ownership by Quarter for VeriSign (NASDAQ:VRSN)

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