John Calys Sells 447 Shares of VeriSign, Inc. (NASDAQ:VRSN) Stock

VeriSign, Inc. (NASDAQ:VRSN) SVP John Calys sold 447 shares of the business’s stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $231.75, for a total value of $103,592.25. Following the transaction, the senior vice president now owns 23,735 shares in the company, valued at $5,500,586.25. This represents a 1.85 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

VeriSign Stock Performance

Shares of VRSN opened at $237.07 on Thursday. The firm has a market capitalization of $22.43 billion, a price-to-earnings ratio of 29.63 and a beta of 0.90. The business’s fifty day moving average price is $214.87 and its two-hundred day moving average price is $195.25. VeriSign, Inc. has a 52 week low of $167.04 and a 52 week high of $239.84.

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 analysts’ consensus estimates of $2.00. VeriSign had a negative return on equity of 43.01% and a net margin of 50.47%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Sequoia Financial Advisors LLC boosted its position in shares of VeriSign by 2.5% in the 4th quarter. Sequoia Financial Advisors LLC now owns 1,960 shares of the information services provider’s stock worth $406,000 after purchasing an additional 48 shares during the last quarter. HighTower Advisors LLC boosted its position in shares of VeriSign by 1.8% in the 4th quarter. HighTower Advisors LLC now owns 3,256 shares of the information services provider’s stock worth $674,000 after purchasing an additional 56 shares during the last quarter. Empirical Finance LLC boosted its position in shares of VeriSign by 1.9% in the 3rd quarter. Empirical Finance LLC now owns 3,038 shares of the information services provider’s stock worth $577,000 after purchasing an additional 57 shares during the last quarter. West Family Investments Inc. boosted its position in shares of VeriSign by 3.9% in the 3rd quarter. West Family Investments Inc. now owns 1,537 shares of the information services provider’s stock worth $292,000 after purchasing an additional 57 shares during the last quarter. Finally, CX Institutional boosted its position in shares of VeriSign by 5.1% in the 4th quarter. CX Institutional now owns 1,173 shares of the information services provider’s stock worth $243,000 after purchasing an additional 57 shares during the last quarter. 92.90% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

VRSN has been the subject of a number of recent research reports. Citigroup increased their target price on VeriSign from $246.00 to $250.00 and gave the stock a “buy” rating in a report on Tuesday, February 4th. Robert W. Baird raised VeriSign from a “neutral” rating to an “outperform” rating and raised their price target for the company from $200.00 to $250.00 in a report on Monday, December 9th. Baird R W raised VeriSign from a “hold” rating to a “strong-buy” rating in a report on Monday, December 9th. Finally, StockNews.com raised VeriSign from a “hold” rating to a “buy” rating in a report on Tuesday, January 7th.

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.