Cibc World Markets Corp Boosts Holdings in VeriSign, Inc. (NASDAQ:VRSN)

Cibc World Markets Corp boosted its position in VeriSign, Inc. (NASDAQ:VRSN) by 1.1% during the 4th quarter, HoldingsChannel.com reports. The firm owned 147,002 shares of the information services provider’s stock after purchasing an additional 1,620 shares during the quarter. Cibc World Markets Corp’s holdings in VeriSign were worth $30,424,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of VRSN. Assetmark Inc. grew its holdings in shares of VeriSign by 12.9% during the 3rd quarter. Assetmark Inc. now owns 1,322 shares of the information services provider’s stock valued at $251,000 after purchasing an additional 151 shares during the last quarter. Victory Capital Management Inc. grew its holdings in shares of VeriSign by 5.4% during the 3rd quarter. Victory Capital Management Inc. now owns 104,110 shares of the information services provider’s stock valued at $19,777,000 after purchasing an additional 5,303 shares during the last quarter. KBC Group NV grew its holdings in shares of VeriSign by 56.3% during the 3rd quarter. KBC Group NV now owns 17,495 shares of the information services provider’s stock valued at $3,323,000 after purchasing an additional 6,303 shares during the last quarter. Metis Global Partners LLC grew its holdings in shares of VeriSign by 5.9% during the 3rd quarter. Metis Global Partners LLC now owns 5,993 shares of the information services provider’s stock valued at $1,138,000 after purchasing an additional 336 shares during the last quarter. Finally, Tokio Marine Asset Management Co. Ltd. grew its holdings in shares of VeriSign by 21.8% during the 3rd quarter. Tokio Marine Asset Management Co. Ltd. now owns 2,238 shares of the information services provider’s stock valued at $425,000 after purchasing an additional 400 shares during the last quarter. 92.90% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at VeriSign

In related news, SVP John Calys sold 447 shares of the business’s stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $231.75, for a total transaction of $103,592.25. Following the transaction, the senior vice president now 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 filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.84% of the stock is owned by corporate insiders.

VeriSign Trading Up 2.1 %

VRSN stock opened at $238.35 on Monday. The firm’s 50-day moving average price is $223.32 and its two-hundred day moving average price is $200.33. VeriSign, Inc. has a 12-month low of $167.04 and a 12-month high of $242.23. The stock has a market capitalization of $22.55 billion, a price-to-earnings ratio of 29.79 and a beta of 0.87.

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

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. Baird R W raised shares of VeriSign from a “hold” rating to a “strong-buy” rating in a report on Monday, December 9th. StockNews.com cut shares of VeriSign from a “buy” rating to a “hold” rating in a research report on Wednesday, March 12th. Citigroup boosted their price objective on shares of VeriSign from $246.00 to $250.00 and gave the company a “buy” rating in a research report on Tuesday, February 4th. Finally, Robert W. Baird upgraded shares of VeriSign from a “neutral” rating to an “outperform” rating and boosted their price objective for the company from $200.00 to $250.00 in a research report on Monday, December 9th.

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.