Canada Pension Plan Investment Board increased its position in shares of VeriSign, Inc. (NASDAQ:VRSN – Free Report) by 20.1% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 53,187 shares of the information services provider’s stock after buying an additional 8,900 shares during the quarter. Canada Pension Plan Investment Board owned about 0.05% of VeriSign worth $10,772,000 at the end of the most recent reporting period.
Other institutional investors have also recently made changes to their positions in the company. Resurgent Financial Advisors LLC acquired a new stake in VeriSign in the 4th quarter valued at approximately $25,000. West Tower Group LLC acquired a new stake in VeriSign in the 2nd quarter valued at approximately $30,000. Altshuler Shaham Ltd acquired a new stake in VeriSign in the 4th quarter valued at approximately $36,000. Clear Street Markets LLC increased its holdings in VeriSign by 94.6% in the 1st quarter. Clear Street Markets LLC now owns 181 shares of the information services provider’s stock valued at $38,000 after purchasing an additional 88 shares during the last quarter. Finally, Eagle Bay Advisors LLC grew 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 in the last quarter. Hedge funds and other institutional investors own 90.95% of the company’s stock.
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 shares were sold at an average price of $198.12, for a total transaction of $121,447.56. Following the completion of the transaction, the executive vice president now owns 35,429 shares in the company, valued at $7,019,193.48. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, CEO D James Bidzos sold 2,000 shares of the business’s stock in a transaction on Thursday, January 18th. The shares were sold at an average price of $201.35, for a total value of $402,700.00. Following the completion of the sale, the chief executive officer now directly owns 500,306 shares of the company’s stock, valued at $100,736,613.10. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Thomas C. Indelicarto sold 613 shares of the company’s stock in a transaction dated Tuesday, January 9th. The shares were sold at an average price of $198.12, for a total transaction of $121,447.56. Following the completion of the sale, the executive vice president now directly owns 35,429 shares of the company’s stock, valued at $7,019,193.48. The disclosure for this sale can be found here. Over the last quarter, insiders sold 40,202 shares of company stock worth $8,431,662. Corporate insiders own 0.94% of the company’s stock.
VeriSign Trading Down 1.3 %
Analyst Upgrades and Downgrades
Several equities analysts have commented on the stock. StockNews.com upgraded shares of VeriSign from a “hold” rating to a “buy” rating in a research note on Monday. Citigroup dropped their price target on shares of VeriSign from $238.00 to $237.00 and set a “buy” rating for the company in a research note on Monday.
VeriSign Company Profile
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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