US Bancorp DE Has $1.40 Million Stock Position in VeriSign, Inc. (NASDAQ:VRSN)

US Bancorp DE reduced its stake in shares of VeriSign, Inc. (NASDAQ:VRSN) by 0.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,464 shares of the information services provider’s stock after selling 54 shares during the quarter. US Bancorp DE’s holdings in VeriSign were worth $1,399,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. NN Investment Partners Holdings N.V. raised its stake in VeriSign by 9.8% during the 4th quarter. NN Investment Partners Holdings N.V. now owns 89,664 shares of the information services provider’s stock valued at $19,403,000 after purchasing an additional 7,976 shares during the last quarter. IFM Investors Pty Ltd raised its stake in VeriSign by 17.8% during the 4th quarter. IFM Investors Pty Ltd now owns 10,094 shares of the information services provider’s stock valued at $2,184,000 after purchasing an additional 1,525 shares during the last quarter. Balasa Dinverno & Foltz LLC raised its stake in VeriSign by 28.9% during the 4th quarter. Balasa Dinverno & Foltz LLC now owns 1,324 shares of the information services provider’s stock valued at $287,000 after purchasing an additional 297 shares during the last quarter. Pendal Group Limited bought a new stake in VeriSign in the 4th quarter valued at $3,017,000. Finally, DNB Asset Management AS increased its holdings in VeriSign by 11.4% in the 4th quarter. DNB Asset Management AS now owns 13,243 shares of the information services provider’s stock valued at $2,866,000 after buying an additional 1,352 shares during the period. Hedge funds and other institutional investors own 90.33% of the company’s stock.

Shares of NASDAQ VRSN opened at $193.23 on Tuesday. The firm’s 50-day simple moving average is $198.97 and its 200 day simple moving average is $203.68. The company has a market cap of $22.05 billion, a price-to-earnings ratio of 28.67 and a beta of 0.87. VeriSign, Inc. has a 12-month low of $148.77 and a 12-month high of $221.30.

VeriSign (NASDAQ:VRSN) last issued its quarterly earnings results on Thursday, February 11th. The information services provider reported $1.38 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ 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%. On average, research analysts predict that VeriSign, Inc. will post 5.26 earnings per share for the current year.

In related news, EVP Thomas C. Indelicarto sold 1,226 shares of the company’s stock in a transaction dated Friday, November 27th. The shares were sold at an average price of $200.00, for a total transaction of $245,200.00. Following the transaction, the executive vice president now owns 57,654 shares in the company, valued at approximately $11,530,800. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Thomas C. Indelicarto sold 613 shares of the company’s stock in a transaction dated Wednesday, December 9th. The stock was sold at an average price of $210.85, for a total transaction of $129,251.05. Following the transaction, the executive vice president now owns 57,041 shares in the company, valued at approximately $12,027,094.85. The disclosure for this sale can be found here. In the last quarter, insiders have sold 40,904 shares of company stock worth $8,397,133. 1.35% of the stock is owned by corporate insiders.

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

VeriSign 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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