J.P. Morgan Private Wealth Advisors LLC Increases Holdings in VeriSign, Inc. (NASDAQ:VRSN)

J.P. Morgan Private Wealth Advisors LLC grew its stake in VeriSign, Inc. (NASDAQ:VRSNFree Report) by 59.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,746 shares of the information services provider’s stock after buying an additional 3,647 shares during the quarter. J.P. Morgan Private Wealth Advisors LLC’s holdings in VeriSign were worth $1,974,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Resurgent Financial Advisors LLC bought a new position in shares of VeriSign in the fourth quarter worth about $25,000. West Tower Group LLC bought a new position in shares of VeriSign in the second quarter worth about $30,000. Eagle Bay Advisors LLC boosted its stake 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 worth $32,000 after acquiring an additional 184 shares during the period. Altshuler Shaham Ltd bought a new position in shares of VeriSign in the fourth quarter worth about $36,000. Finally, Clear Street Markets LLC boosted its stake in shares of VeriSign by 94.6% in the first quarter. Clear Street Markets LLC now owns 181 shares of the information services provider’s stock worth $38,000 after acquiring an additional 88 shares during the period. Institutional investors own 90.95% of the company’s stock.

Insider Activity at VeriSign

In related news, CEO D James Bidzos sold 5,000 shares of the stock in a transaction that occurred on Tuesday, November 14th. The stock was sold at an average price of $208.96, for a total transaction of $1,044,800.00. Following the completion of the transaction, the chief executive officer now directly owns 559,474 shares of the company’s stock, valued at $116,907,687.04. The sale was disclosed in a filing with the SEC, which is available through this link. In related news, CEO D James Bidzos sold 5,000 shares of the stock in a transaction that occurred on Tuesday, November 14th. The stock was sold at an average price of $208.96, for a total transaction of $1,044,800.00. Following the completion of the transaction, the chief executive officer now directly owns 559,474 shares of the company’s stock, valued at $116,907,687.04. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Thomas C. Indelicarto sold 613 shares of the company’s stock in a transaction that occurred on Tuesday, December 5th. The shares were sold at an average price of $218.54, for a total value of $133,965.02. Following the sale, 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. Over the last three months, insiders sold 45,202 shares of company stock valued at $9,476,462. Insiders own 0.94% of the company’s stock.

VeriSign Trading Down 1.3 %

Shares of VeriSign stock opened at $198.38 on Friday. The stock has a 50 day moving average of $205.14 and a 200 day moving average of $205.61. VeriSign, Inc. has a 12 month low of $188.44 and a 12 month high of $229.72. The firm has a market cap of $20.25 billion, a PE ratio of 25.05 and a beta of 0.90.

Analysts Set New Price Targets

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

Check Out Our Latest Research Report on VeriSign

VeriSign Profile

(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.

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Institutional Ownership by Quarter for VeriSign (NASDAQ:VRSN)

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