Goldman Sachs Group Inc. Raises Holdings in VeriSign, Inc. (NASDAQ:VRSN)

Goldman Sachs Group Inc. grew its position in shares of VeriSign, Inc. (NASDAQ:VRSNGet Rating) by 26.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,470,687 shares of the information services provider’s stock after buying an additional 308,504 shares during the period. Goldman Sachs Group Inc. owned 1.32% of VeriSign worth $373,289,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Northwestern Mutual Wealth Management Co. lifted its holdings in VeriSign by 4.6% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,564 shares of the information services provider’s stock worth $398,000 after purchasing an additional 69 shares in the last quarter. Mawer Investment Management Ltd. lifted its holdings in VeriSign by 1.7% during the 3rd quarter. Mawer Investment Management Ltd. now owns 85,592 shares of the information services provider’s stock worth $17,547,000 after purchasing an additional 1,424 shares in the last quarter. Advisor Group Holdings Inc. lifted its holdings in VeriSign by 5.7% during the 4th quarter. Advisor Group Holdings Inc. now owns 3,764 shares of the information services provider’s stock worth $955,000 after purchasing an additional 204 shares in the last quarter. West Family Investments Inc. lifted its holdings in VeriSign by 15.1% during the 4th quarter. West Family Investments Inc. now owns 1,413 shares of the information services provider’s stock worth $359,000 after purchasing an additional 185 shares in the last quarter. Finally, Aviva PLC lifted its holdings in VeriSign by 19.7% during the 3rd quarter. Aviva PLC now owns 47,450 shares of the information services provider’s stock worth $9,728,000 after purchasing an additional 7,819 shares in the last quarter. 92.26% of the stock is currently owned by institutional investors and hedge funds.

Several analysts have weighed in on the company. StockNews.com assumed coverage on VeriSign in a report on Thursday, March 31st. They issued a “hold” rating on the stock. Robert W. Baird cut VeriSign from an “outperform” rating to a “neutral” rating and lowered their price target for the company from $260.00 to $210.00 in a report on Friday, April 29th.

In other VeriSign news, CEO D James Bidzos sold 3,000 shares of VeriSign stock in a transaction on Tuesday, April 19th. The stock was sold at an average price of $213.97, for a total transaction of $641,910.00. Following the completion of the transaction, the chief executive officer now owns 713,915 shares in the company, valued at $152,756,392.55. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Thomas C. Indelicarto sold 614 shares of VeriSign stock in a transaction on Tuesday, April 5th. The shares were sold at an average price of $226.55, for a total value of $139,101.70. Following the transaction, the executive vice president now owns 46,806 shares of the company’s stock, valued at approximately $10,603,899.30. The disclosure for this sale can be found here. In the last 90 days, insiders sold 17,748 shares of company stock valued at $3,761,985. 0.98% of the stock is currently owned by company insiders.

Shares of VRSN stock traded up $0.70 during trading hours on Friday, reaching $165.11. The company’s stock had a trading volume of 1,675,381 shares, compared to its average volume of 899,809. The stock has a market capitalization of $18.09 billion, a P/E ratio of 23.22 and a beta of 1.01. VeriSign, Inc. has a one year low of $162.64 and a one year high of $257.03. The firm’s fifty day simple moving average is $205.22 and its 200 day simple moving average is $221.34.

VeriSign (NASDAQ:VRSNGet Rating) last released its earnings results on Thursday, April 28th. The information services provider reported $1.43 EPS for the quarter, beating analysts’ consensus estimates of $1.39 by $0.04. The company had revenue of $346.90 million during the quarter, compared to analysts’ expectations of $342.99 million. VeriSign had a negative return on equity of 46.72% and a net margin of 58.63%. The firm’s revenue for the quarter was up 7.2% compared to the same quarter last year. During the same quarter last year, the business posted $1.33 EPS. Analysts expect that VeriSign, Inc. will post 5.95 earnings per share for the current year.

VeriSign Profile (Get Rating)

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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