VeriSign, Inc. (NASDAQ:VRSN) Shares Sold by Blueshift Asset Management LLC

Blueshift Asset Management LLC cut its position in VeriSign, Inc. (NASDAQ:VRSN) by 21.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,630 shares of the information services provider’s stock after selling 728 shares during the period. Blueshift Asset Management LLC’s holdings in VeriSign were worth $544,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Nordea Investment Management AB boosted its stake in shares of VeriSign by 544.1% in the fourth quarter. Nordea Investment Management AB now owns 391,319 shares of the information services provider’s stock worth $81,003,000 after acquiring an additional 330,561 shares during the last quarter. Birch Capital Management LLC boosted its stake in shares of VeriSign by 3,996.0% in the fourth quarter. Birch Capital Management LLC now owns 4,096 shares of the information services provider’s stock worth $848,000 after acquiring an additional 3,996 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its stake in shares of VeriSign by 322.2% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 261,526 shares of the information services provider’s stock worth $53,639,000 after acquiring an additional 199,583 shares during the last quarter. Truist Financial Corp boosted its stake in shares of VeriSign by 12.2% in the fourth quarter. Truist Financial Corp now owns 20,462 shares of the information services provider’s stock worth $4,235,000 after acquiring an additional 2,218 shares during the last quarter. Finally, MML Investors Services LLC boosted its stake in shares of VeriSign by 602.6% in the third quarter. MML Investors Services LLC now owns 11,712 shares of the information services provider’s stock worth $2,225,000 after acquiring an additional 10,045 shares during the last quarter. 92.90% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at VeriSign

In other VeriSign news, SVP John Calys sold 447 shares of VeriSign stock in a transaction on Monday, February 24th. The stock was sold at an average price of $231.75, for a total value of $103,592.25. Following 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.84% of the company’s stock.

VeriSign Stock Performance

Shares of VeriSign stock opened at $242.31 on Friday. VeriSign, Inc. has a one year low of $167.05 and a one year high of $243.45. The company has a market cap of $22.92 billion, a price-to-earnings ratio of 30.29 and a beta of 0.87. The business’s 50 day moving average price is $225.72 and its 200 day moving average price is $201.69.

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

Analyst Ratings Changes

A number of brokerages have recently issued reports on VRSN. Robert W. Baird raised VeriSign from a “neutral” rating to an “outperform” rating and lifted their price target for the stock from $200.00 to $250.00 in a research note on Monday, December 9th. StockNews.com downgraded VeriSign from a “buy” rating to a “hold” rating in a research report on Friday. Citigroup lifted their price objective on 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 upgraded VeriSign from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 9th.

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.