VeriSign, Inc. (NASDAQ:VRSN) Shares Purchased by DekaBank Deutsche Girozentrale

DekaBank Deutsche Girozentrale raised its position in VeriSign, Inc. (NASDAQ:VRSN) by 9.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 64,675 shares of the information services provider’s stock after buying an additional 5,668 shares during the period. DekaBank Deutsche Girozentrale owned approximately 0.06% of VeriSign worth $13,279,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in VRSN. Seven Eight Capital LP grew its position in VeriSign by 41.4% in the 3rd quarter. Seven Eight Capital LP now owns 1,888 shares of the information services provider’s stock worth $382,000 after purchasing an additional 553 shares during the last quarter. J.P. Morgan Private Wealth Advisors LLC boosted its position in VeriSign by 59.8% during the 3rd quarter. J.P. Morgan Private Wealth Advisors LLC now owns 9,746 shares of the information services provider’s stock worth $1,974,000 after acquiring an additional 3,647 shares during the period. Banque Cantonale Vaudoise grew its position in VeriSign by 7.4% during the third quarter. Banque Cantonale Vaudoise now owns 3,623 shares of the information services provider’s stock valued at $734,000 after purchasing an additional 249 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of VeriSign by 17.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 660,463 shares of the information services provider’s stock valued at $133,764,000 after acquiring an additional 96,676 shares in the last quarter. Finally, Sherbrooke Park Advisers LLC acquired a new position in VeriSign in the 3rd quarter worth about $1,366,000. Institutional investors and hedge funds own 92.90% of the company’s stock.

Insiders Place Their Bets

In related news, EVP Thomas C. Indelicarto sold 614 shares of the firm’s stock in a transaction on Tuesday, April 2nd. The stock was sold at an average price of $190.00, for a total transaction of $116,660.00. Following the sale, the executive vice president now owns 42,569 shares of the company’s stock, valued at approximately $8,088,110. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, CEO D James Bidzos sold 4,000 shares of the firm’s stock in a transaction dated Wednesday, January 10th. The stock was sold at an average price of $200.00, for a total value of $800,000.00. Following the completion of the sale, the chief executive officer now directly owns 508,306 shares in the company, valued at approximately $101,661,200. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Thomas C. Indelicarto sold 614 shares of the business’s stock in a transaction on Tuesday, April 2nd. The shares were sold at an average price of $190.00, for a total transaction of $116,660.00. Following the sale, the executive vice president now owns 42,569 shares of the company’s stock, valued at approximately $8,088,110. The disclosure for this sale can be found here. Insiders sold 22,388 shares of company stock worth $4,397,494 over the last three months. Insiders own 0.94% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have weighed in on VRSN shares. StockNews.com lowered VeriSign from a “buy” rating to a “hold” rating in a report on Wednesday, April 3rd. Citigroup reduced their price target on shares of VeriSign from $237.00 to $236.00 and set a “buy” rating for the company in a report on Tuesday, April 2nd.

VeriSign Stock Down 0.3 %

Shares of VRSN opened at $187.17 on Tuesday. The stock’s fifty day simple moving average is $193.16 and its 200-day simple moving average is $201.81. VeriSign, Inc. has a 12-month low of $185.19 and a 12-month high of $229.72. The firm has a market capitalization of $18.89 billion, a PE ratio of 23.63 and a beta of 0.88.

VeriSign (NASDAQ:VRSN) last released its quarterly earnings results on Thursday, February 8th. The information services provider reported $1.92 earnings per share for the quarter, beating the consensus estimate of $1.83 by $0.09. VeriSign had a net margin of 54.74% and a negative return on equity of 46.56%. The firm had revenue of $380.40 million for the quarter, compared to analysts’ expectations of $381.01 million. Analysts anticipate that VeriSign, Inc. will post 7.82 EPS for the current year.

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