VeriSign, Inc. (NASDAQ:VRSN) Shares Purchased by Pacer Advisors Inc.

Pacer Advisors Inc. grew its holdings in shares of VeriSign, Inc. (NASDAQ:VRSN) by 10.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 36,698 shares of the information services provider’s stock after purchasing an additional 3,408 shares during the quarter. Pacer Advisors Inc.’s holdings in VeriSign were worth $7,595,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Concord Wealth Partners boosted its position in VeriSign by 93.2% during the third quarter. Concord Wealth Partners now owns 226 shares of the information services provider’s stock worth $43,000 after acquiring an additional 109 shares during the last quarter. Tobam lifted its stake in VeriSign by 61.1% in the 3rd quarter. Tobam now owns 311 shares of the information services provider’s stock worth $59,000 after purchasing an additional 118 shares in the last quarter. Blue Trust Inc. boosted its holdings in shares of VeriSign by 138.6% during the 3rd quarter. Blue Trust Inc. now owns 420 shares of the information services provider’s stock worth $75,000 after purchasing an additional 244 shares during the last quarter. Intact Investment Management Inc. purchased a new stake in shares of VeriSign in the third quarter valued at approximately $76,000. Finally, True Wealth Design LLC increased its holdings in shares of VeriSign by 16,966.7% in the third quarter. True Wealth Design LLC now owns 512 shares of the information services provider’s stock valued at $97,000 after purchasing an additional 509 shares during the last quarter. Institutional investors and hedge funds own 92.90% of the company’s stock.

Insider Buying and Selling at VeriSign

In related news, EVP Danny R. Mcpherson sold 2,092 shares of VeriSign stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $192.43, for a total value of $402,563.56. Following the completion of the sale, the executive vice president now owns 26,157 shares in the company, valued at approximately $5,033,391.51. This trade represents a 7.41 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.84% of the company’s stock.

VeriSign Trading Up 0.3 %

Shares of NASDAQ:VRSN opened at $213.78 on Thursday. The company has a market capitalization of $20.54 billion, a price-to-earnings ratio of 24.86 and a beta of 0.89. VeriSign, Inc. has a 12-month low of $167.04 and a 12-month high of $216.83. The business has a 50-day moving average price of $200.26 and a 200 day moving average price of $188.58.

Analyst Ratings Changes

Several brokerages have issued reports on VRSN. Baird R W upgraded VeriSign from a “hold” rating to a “strong-buy” rating in a report on Monday, December 9th. StockNews.com raised shares of VeriSign from a “hold” rating to a “buy” rating in a report on Tuesday, January 7th. Citigroup lifted their target price on shares of VeriSign from $210.00 to $238.00 and gave the stock a “buy” rating in a research note on Friday, January 3rd. Finally, Robert W. Baird raised shares of VeriSign from a “neutral” rating to an “outperform” rating and increased their price target for the company from $200.00 to $250.00 in a research note on Monday, December 9th.

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.