1,127 Shares in VeriSign, Inc. (NASDAQ:VRSN) Acquired by Poinciana Advisors Group LLC

Poinciana Advisors Group LLC purchased a new position in VeriSign, Inc. (NASDAQ:VRSN) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 1,127 shares of the information services provider’s stock, valued at approximately $233,000.

A number of other large investors also recently added to or reduced their stakes in the business. Amundi lifted its holdings in VeriSign by 17.8% in the 4th quarter. Amundi now owns 702,055 shares of the information services provider’s stock worth $148,604,000 after purchasing an additional 106,094 shares in the last quarter. Jacobs Levy Equity Management Inc. raised its holdings in shares of VeriSign by 7.3% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 693,369 shares of the information services provider’s stock worth $131,712,000 after acquiring an additional 47,412 shares in the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors purchased a new stake in shares of VeriSign during the 4th quarter worth approximately $141,129,000. BNP Paribas Financial Markets raised its holdings in shares of VeriSign by 26.3% during the 3rd quarter. BNP Paribas Financial Markets now owns 580,613 shares of the information services provider’s stock worth $110,293,000 after acquiring an additional 120,958 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of VeriSign by 8.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 570,016 shares of the information services provider’s stock worth $117,971,000 after acquiring an additional 42,465 shares in the last quarter. 92.90% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

VRSN has been the topic of several recent research reports. Baird R W raised VeriSign from a “hold” rating to a “strong-buy” rating in a report on Monday, December 9th. Citigroup upped their price objective on VeriSign from $246.00 to $250.00 and gave the stock a “buy” rating in a report on Tuesday, February 4th. Robert W. Baird raised VeriSign from a “neutral” rating to an “outperform” rating and upped their price objective for the stock from $200.00 to $250.00 in a report on Monday, December 9th. Finally, StockNews.com cut VeriSign from a “buy” rating to a “hold” rating in a report on Wednesday.

VeriSign Stock Performance

NASDAQ:VRSN opened at $238.35 on Friday. The stock’s fifty day moving average is $223.32 and its 200 day moving average is $200.07. VeriSign, Inc. has a fifty-two week low of $167.04 and a fifty-two week high of $242.23. The firm has a market capitalization of $22.55 billion, a PE ratio of 29.79 and a beta of 0.87.

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 the consensus estimate of $2.00. VeriSign had a negative return on equity of 43.01% and a net margin of 50.47%.

Insider Buying and Selling at VeriSign

In other VeriSign news, SVP John Calys sold 447 shares of the company’s stock in a transaction 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 transaction, the senior vice president now owns 23,735 shares of the company’s stock, valued at $5,500,586.25. This represents a 1.85 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.84% of the stock is currently owned by corporate insiders.

About VeriSign

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.