Proficio Capital Partners LLC Buys Shares of 57,328 VeriSign, Inc. (NASDAQ:VRSN)

Proficio Capital Partners LLC purchased a new stake in shares of VeriSign, Inc. (NASDAQ:VRSN) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 57,328 shares of the information services provider’s stock, valued at approximately $11,865,000. Proficio Capital Partners LLC owned approximately 0.06% of VeriSign as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the stock. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new stake in shares of VeriSign in the 4th quarter valued at approximately $141,129,000. Nordea Investment Management AB lifted its stake in VeriSign by 544.1% in the fourth quarter. Nordea Investment Management AB now owns 391,319 shares of the information services provider’s stock valued at $81,003,000 after acquiring an additional 330,561 shares during the last quarter. Allspring Global Investments Holdings LLC grew its position in 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 in the last quarter. Point72 Asset Management L.P. acquired a new position in shares of VeriSign during the 3rd quarter worth $35,665,000. Finally, Assenagon Asset Management S.A. raised its holdings in shares of VeriSign by 56.8% during the 4th quarter. Assenagon Asset Management S.A. now owns 383,100 shares of the information services provider’s stock valued at $79,286,000 after purchasing an additional 138,796 shares in the last quarter. 92.90% of the stock is owned by institutional investors and hedge funds.

VeriSign Trading Up 1.2 %

NASDAQ:VRSN opened at $237.88 on Monday. The firm has a market capitalization of $22.50 billion, a PE ratio of 29.74 and a beta of 0.90. VeriSign, Inc. has a 1 year low of $167.04 and a 1 year high of $239.95. The firm’s fifty day simple moving average is $216.48 and its 200 day simple moving average is $196.26.

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

Insider Buying and Selling at VeriSign

In related news, SVP John Calys sold 447 shares of the business’s stock in a transaction on Monday, February 24th. The shares were sold at an average price of $231.75, for a total transaction of $103,592.25. Following the transaction, the senior vice president now owns 23,735 shares of the company’s stock, valued at approximately $5,500,586.25. The trade was a 1.85 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 0.84% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on VRSN shares. Citigroup upped their price objective on shares of 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 boosted their price target for the stock from $200.00 to $250.00 in a research report on Monday, December 9th. StockNews.com raised VeriSign from a “hold” rating to a “buy” rating in a report on Tuesday, January 7th. Finally, Baird R W upgraded VeriSign from a “hold” rating to a “strong-buy” rating in a 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.