VeriSign, Inc. (NASDAQ:VRSN) Shares Sold by Corebridge Financial Inc.

Corebridge Financial Inc. reduced its stake in VeriSign, Inc. (NASDAQ:VRSN) by 7.3% in the 4th quarter, Holdings Channel reports. The firm owned 19,636 shares of the information services provider’s stock after selling 1,535 shares during the quarter. Corebridge Financial Inc.’s holdings in VeriSign were worth $4,064,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in VRSN. Whipplewood Advisors LLC purchased a new stake in shares of VeriSign during the fourth quarter valued at approximately $26,000. Crewe Advisors LLC purchased a new stake in VeriSign during the 4th quarter worth $26,000. Venturi Wealth Management LLC lifted its holdings in VeriSign by 127.2% in the 4th quarter. Venturi Wealth Management LLC now owns 184 shares of the information services provider’s stock worth $38,000 after buying an additional 103 shares in the last quarter. BankPlus Trust Department purchased a new position in VeriSign in the 4th quarter valued at about $49,000. Finally, Spire Wealth Management grew its stake in shares of VeriSign by 69.8% during the fourth quarter. Spire Wealth Management now owns 253 shares of the information services provider’s stock valued at $52,000 after acquiring an additional 104 shares in the last quarter. 92.90% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently commented on the company. Robert W. Baird upgraded 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 note on Monday, December 9th. StockNews.com cut VeriSign from a “buy” rating to a “hold” rating in a research note on Friday, March 21st. Citigroup lifted their price target on shares of VeriSign from $246.00 to $250.00 and gave the stock a “buy” rating in a research note on Tuesday, February 4th. Finally, Baird R W upgraded shares of VeriSign from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 9th.

Insider Activity at VeriSign

In other VeriSign news, SVP John Calys sold 447 shares of VeriSign stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $231.75, for a total value of $103,592.25. Following the completion of the transaction, the senior vice president now directly owns 23,735 shares in the company, valued at $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 at this link. Insiders own 0.84% of the company’s stock.

VeriSign Stock Down 1.5 %

NASDAQ:VRSN opened at $250.92 on Monday. VeriSign, Inc. has a 52 week low of $167.05 and a 52 week high of $256.35. The company has a market cap of $23.74 billion, a PE ratio of 31.37 and a beta of 0.87. The business’s 50 day moving average is $230.38 and its two-hundred day moving average is $204.71.

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

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.