VeriSign, Inc. (NASDAQ:VRSN) Shares Sold by Natixis Advisors LLC

Natixis Advisors LLC reduced its stake in shares of VeriSign, Inc. (NASDAQ:VRSN) by 5.7% during the 4th quarter, HoldingsChannel reports. The firm owned 20,220 shares of the information services provider’s stock after selling 1,221 shares during the quarter. Natixis Advisors LLC’s holdings in VeriSign were worth $4,185,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in VRSN. Nordea Investment Management AB raised its stake in VeriSign by 544.1% during the fourth quarter. Nordea Investment Management AB now owns 391,319 shares of the information services provider’s stock worth $81,003,000 after purchasing an additional 330,561 shares during the period. Birch Capital Management LLC increased its holdings in shares of VeriSign by 3,996.0% during the 4th quarter. Birch Capital Management LLC now owns 4,096 shares of the information services provider’s stock worth $848,000 after buying an additional 3,996 shares during the last quarter. Allspring Global Investments Holdings LLC raised its position in shares of VeriSign by 322.2% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 261,526 shares of the information services provider’s stock valued at $53,639,000 after buying an additional 199,583 shares during the period. Truist Financial Corp lifted its holdings in VeriSign by 12.2% in the fourth quarter. Truist Financial Corp now owns 20,462 shares of the information services provider’s stock valued at $4,235,000 after acquiring an additional 2,218 shares during the last quarter. Finally, MML Investors Services LLC grew its position in VeriSign by 602.6% in the third quarter. MML Investors Services LLC now owns 11,712 shares of the information services provider’s stock worth $2,225,000 after acquiring an additional 10,045 shares during the period. 92.90% of the stock is currently owned by hedge funds and other institutional investors.

VeriSign Price Performance

Shares of VeriSign stock opened at $244.51 on Friday. The stock has a market capitalization of $23.13 billion, a price-to-earnings ratio of 30.56 and a beta of 0.87. The business has a 50-day moving average of $226.47 and a 200 day moving average of $202.24. VeriSign, Inc. has a 12 month low of $167.05 and a 12 month high of $245.67.

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

Insider Activity

In related news, SVP John Calys sold 447 shares of the company’s stock in a transaction that occurred 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 sale, the senior vice president now directly owns 23,735 shares in the company, valued at approximately $5,500,586.25. This represents a 1.85 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.84% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on VRSN shares. Baird R W raised VeriSign from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 9th. Citigroup increased their target price 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. Robert W. Baird raised shares of VeriSign from a “neutral” rating to an “outperform” rating and boosted their price target for the company from $200.00 to $250.00 in a research note on Monday, December 9th. Finally, StockNews.com cut shares of VeriSign from a “buy” rating to a “hold” rating in a research report on Friday.

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. 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.