UBS Asset Management Americas Inc. Buys 18,690 Shares of VeriSign, Inc. (NASDAQ:VRSN)

UBS Asset Management Americas Inc. boosted its stake in VeriSign, Inc. (NASDAQ:VRSN) by 3.8% during the 4th quarter, HoldingsChannel.com reports. The fund owned 511,798 shares of the information services provider’s stock after purchasing an additional 18,690 shares during the period. UBS Asset Management Americas Inc.’s holdings in VeriSign were worth $110,753,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in the business. Bessemer Group Inc. raised its position in VeriSign by 3.7% in the fourth quarter. Bessemer Group Inc. now owns 1,454 shares of the information services provider’s stock worth $314,000 after acquiring an additional 52 shares during the period. Gilbert & Cook Inc. raised its position in shares of VeriSign by 6.3% in the fourth quarter. Gilbert & Cook Inc. now owns 1,191 shares of the information services provider’s stock valued at $257,000 after purchasing an additional 71 shares during the period. Wetherby Asset Management Inc. raised its position in shares of VeriSign by 5.0% in the fourth quarter. Wetherby Asset Management Inc. now owns 1,875 shares of the information services provider’s stock valued at $406,000 after purchasing an additional 90 shares during the period. Transform Wealth LLC raised its position in shares of VeriSign by 3.9% in the fourth quarter. Transform Wealth LLC now owns 2,895 shares of the information services provider’s stock valued at $626,000 after purchasing an additional 109 shares during the period. Finally, Advisor Partners LLC raised its position in shares of VeriSign by 4.1% in the fourth quarter. Advisor Partners LLC now owns 3,262 shares of the information services provider’s stock valued at $706,000 after purchasing an additional 127 shares during the period. 90.33% of the stock is currently owned by institutional investors and hedge funds.

In related news, EVP Thomas C. Indelicarto sold 1,226 shares of the company’s stock in a transaction on Friday, March 26th. The shares were sold at an average price of $200.00, for a total transaction of $245,200.00. Following the completion of the sale, the executive vice president now directly owns 60,172 shares in the company, valued at approximately $12,034,400. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Thomas C. Indelicarto sold 613 shares of the company’s stock in a transaction on Wednesday, February 10th. The shares were sold at an average price of $202.47, for a total transaction of $124,114.11. Following the sale, the executive vice president now owns 54,589 shares of the company’s stock, valued at $11,052,634.83. The disclosure for this sale can be found here. In the last three months, insiders sold 28,678 shares of company stock valued at $5,743,264. Corporate insiders own 1.35% of the company’s stock.

Shares of NASDAQ:VRSN opened at $204.37 on Thursday. The company has a 50 day moving average of $195.08 and a 200 day moving average of $201.17. The stock has a market cap of $23.11 billion, a P/E ratio of 30.32 and a beta of 0.87. VeriSign, Inc. has a 12 month low of $184.60 and a 12 month high of $221.30.

VeriSign (NASDAQ:VRSN) last released its quarterly earnings results on Thursday, February 11th. The information services provider reported $1.38 EPS for the quarter, topping the Zacks’ consensus estimate of $1.29 by $0.09. VeriSign had a net margin of 63.32% and a negative return on equity of 54.86%. The business had revenue of $320.28 million during the quarter, compared to analysts’ expectations of $320.29 million. On average, equities analysts anticipate that VeriSign, Inc. will post 5.26 earnings per share for the current year.

VRSN has been the topic of several research reports. JPMorgan Chase & Co. raised shares of VeriSign from a “neutral” rating to an “overweight” rating and set a $246.00 price target on the stock in a research report on Wednesday, December 9th. TheStreet cut shares of VeriSign from a “b-” rating to a “c+” rating in a research note on Tuesday, January 26th. Finally, Zacks Investment Research cut shares of VeriSign from a “hold” rating to a “sell” rating and set a $213.00 price objective for the company. in a research note on Monday, February 15th. One analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $229.60.

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. It 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 support global e-commerce.

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Institutional Ownership by Quarter for VeriSign (NASDAQ:VRSN)

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