Mitsubishi UFJ Trust & Banking Corp Purchases 4,602 Shares of VeriSign, Inc. (NASDAQ:VRSN)

Mitsubishi UFJ Trust & Banking Corp grew its stake in shares of VeriSign, Inc. (NASDAQ:VRSNFree Report) by 4.0% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 119,181 shares of the information services provider’s stock after purchasing an additional 4,602 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp owned approximately 0.12% of VeriSign worth $24,138,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. JPMorgan Chase & Co. boosted its stake in shares of VeriSign by 123.5% during the second 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 during the period. Banque Cantonale Vaudoise lifted its stake in VeriSign by 7.4% in the third quarter. Banque Cantonale Vaudoise now owns 3,623 shares of the information services provider’s stock worth $734,000 after acquiring an additional 249 shares during the period. Natixis lifted its stake in VeriSign by 24.6% in the second quarter. Natixis now owns 13,733 shares of the information services provider’s stock worth $3,103,000 after acquiring an additional 2,715 shares during the period. Geode Capital Management LLC boosted its holdings in shares of VeriSign by 2.2% in the 2nd quarter. Geode Capital Management LLC now owns 2,296,415 shares of the information services provider’s stock valued at $518,176,000 after buying an additional 50,202 shares in the last quarter. Finally, Sei Investments Co. grew its position in shares of VeriSign by 12.8% in the 2nd quarter. Sei Investments Co. now owns 20,621 shares of the information services provider’s stock worth $4,660,000 after buying an additional 2,348 shares during the last quarter. 90.95% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, EVP Thomas C. Indelicarto sold 613 shares of the business’s stock in a transaction on Tuesday, January 9th. The stock was sold at an average price of $198.12, for a total transaction of $121,447.56. Following the transaction, the executive vice president now directly owns 35,429 shares in the company, valued at approximately $7,019,193.48. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. In other VeriSign news, CEO D James Bidzos sold 5,000 shares of the business’s stock in a transaction dated Thursday, November 16th. The stock was sold at an average price of $209.36, for a total transaction of $1,046,800.00. Following the sale, the chief executive officer now owns 548,306 shares in the company, valued at approximately $114,793,344.16. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Thomas C. Indelicarto sold 613 shares of the business’s stock in a transaction dated Tuesday, January 9th. The shares were sold at an average price of $198.12, for a total value of $121,447.56. Following the sale, the executive vice president now owns 35,429 shares in the company, valued at approximately $7,019,193.48. The disclosure for this sale can be found here. Insiders have sold a total of 45,202 shares of company stock worth $9,476,462 in the last ninety days. 0.94% of the stock is owned by insiders.

VeriSign Price Performance

Shares of VRSN stock opened at $198.38 on Monday. VeriSign, Inc. has a 1-year low of $188.44 and a 1-year high of $229.72. The stock’s fifty day moving average price is $205.14 and its 200 day moving average price is $205.57. The company has a market cap of $20.25 billion, a price-to-earnings ratio of 25.05 and a beta of 0.90.

Wall Street Analyst Weigh In

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

Get Our Latest 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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