VeriSign, Inc. (NASDAQ:VRSN) Stock Position Raised by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC lifted its position in VeriSign, Inc. (NASDAQ:VRSN) by 322.2% in the 4th quarter, Holdings Channel reports. The fund owned 261,526 shares of the information services provider’s stock after buying an additional 199,583 shares during the period. Allspring Global Investments Holdings LLC’s holdings in VeriSign were worth $53,639,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in VRSN. Exchange Traded Concepts LLC lifted its position in shares of VeriSign by 3,272.7% in the 3rd quarter. Exchange Traded Concepts LLC now owns 1,855 shares of the information services provider’s stock valued at $352,000 after acquiring an additional 1,800 shares in the last quarter. Creative Planning lifted its position in VeriSign by 40.0% in the 3rd quarter. Creative Planning now owns 16,984 shares of the information services provider’s stock worth $3,226,000 after buying an additional 4,850 shares in the last quarter. NBC Securities Inc. lifted its position in VeriSign by 922.9% in the 3rd quarter. NBC Securities Inc. now owns 5,360 shares of the information services provider’s stock worth $1,018,000 after buying an additional 4,836 shares in the last quarter. Vontobel Holding Ltd. lifted its position in VeriSign by 4.1% in the 3rd quarter. Vontobel Holding Ltd. now owns 102,306 shares of the information services provider’s stock worth $19,434,000 after buying an additional 4,020 shares in the last quarter. Finally, Claro Advisors LLC purchased a new stake in VeriSign in the 3rd quarter worth approximately $324,000. Hedge funds and other institutional investors own 92.90% of the company’s stock.

Insider Activity at VeriSign

In related news, EVP Danny R. Mcpherson sold 2,092 shares of the firm’s stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $192.43, for a total value of $402,563.56. Following the transaction, the executive vice president now directly owns 26,157 shares in the company, valued at approximately $5,033,391.51. This trade represents a 7.41 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.84% of the stock is currently owned by company insiders.

VeriSign Trading Up 0.8 %

VeriSign stock opened at $229.34 on Friday. The company has a market capitalization of $22.04 billion, a P/E ratio of 28.67 and a beta of 0.90. The firm’s fifty day simple moving average is $207.56 and its 200-day simple moving average is $191.72. VeriSign, Inc. has a 1-year low of $167.04 and a 1-year high of $230.30.

VeriSign (NASDAQ:VRSN) last released its quarterly earnings results 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 44.06%.

Wall Street Analyst Weigh In

A number of research firms have issued reports on VRSN. 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 report on Tuesday, February 4th. Robert W. Baird upgraded shares of VeriSign from a “neutral” rating to an “outperform” rating and increased their target price for the stock from $200.00 to $250.00 in a research report on Monday, December 9th. StockNews.com upgraded shares of VeriSign from a “hold” rating to a “buy” rating in a research report on Tuesday, January 7th. Finally, Baird R W upgraded shares of VeriSign from a “hold” rating to a “strong-buy” rating in a report on Monday, December 9th.

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.