VeriSign, Inc. (NASDAQ:VRSN) SVP Sells $103,592.25 in Stock

VeriSign, Inc. (NASDAQ:VRSN) SVP John Calys sold 447 shares of the business’s stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $231.75, for a total value of $103,592.25. Following the completion of the sale, the senior vice president now owns 23,735 shares in the company, valued at $5,500,586.25. The trade was a 1.85 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

VeriSign Price Performance

VeriSign stock opened at $235.03 on Friday. The firm has a market cap of $22.23 billion, a PE ratio of 29.38 and a beta of 0.90. The stock’s fifty day moving average price is $215.70 and its two-hundred day moving average price is $195.52. VeriSign, Inc. has a one year low of $167.04 and a one year high of $239.95.

VeriSign (NASDAQ:VRSN) last announced its quarterly earnings data on Thursday, February 6th. The information services provider reported $2.00 EPS for the quarter, meeting the consensus estimate of $2.00. VeriSign had a net margin of 50.47% and a negative return on equity of 43.01%.

Analyst Ratings Changes

Several equities research analysts have issued reports on VRSN shares. StockNews.com upgraded shares of VeriSign from a “hold” rating to a “buy” rating in a research note on Tuesday, January 7th. Robert W. Baird upgraded shares of VeriSign from a “neutral” rating to an “outperform” rating and raised their target price for the company from $200.00 to $250.00 in a research note on Monday, December 9th. Citigroup lifted their price objective on shares of VeriSign from $246.00 to $250.00 and gave the stock a “buy” rating in a research report on Tuesday, February 4th. Finally, Baird R W raised VeriSign from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 9th.

Institutional Investors Weigh In On VeriSign

A number of hedge funds have recently made changes to their positions in VRSN. Norges Bank bought a new position in shares of VeriSign in the 4th quarter valued at $222,840,000. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new position in shares of VeriSign in the fourth quarter worth approximately $141,129,000. Point72 Asset Management L.P. boosted its stake in shares of VeriSign by 268.8% in the 4th quarter. Point72 Asset Management L.P. now owns 692,498 shares of the information services provider’s stock valued at $143,319,000 after purchasing an additional 504,748 shares during the last quarter. Berkshire Hathaway Inc boosted its position in VeriSign by 3.6% during the fourth quarter. Berkshire Hathaway Inc now owns 13,271,457 shares of the information services provider’s stock valued at $2,746,661,000 after acquiring an additional 455,844 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. grew its stake in VeriSign by 58.2% during the fourth quarter. Jacobs Levy Equity Management Inc. now owns 1,097,129 shares of the information services provider’s stock worth $227,062,000 after purchasing an additional 403,760 shares during the period. 92.90% of the stock is currently owned by institutional investors and hedge funds.

About VeriSign

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.