Victory Capital Management Inc. Has $20.65 Million Position in VeriSign, Inc. (NASDAQ:VRSN)

Victory Capital Management Inc. lessened its position in VeriSign, Inc. (NASDAQ:VRSN) by 9.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 100,282 shares of the information services provider’s stock after selling 10,959 shares during the quarter. Victory Capital Management Inc. owned approximately 0.10% of VeriSign worth $20,654,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Cary Street Partners Investment Advisory LLC lifted its position in shares of VeriSign by 52.0% in the third quarter. Cary Street Partners Investment Advisory LLC now owns 152 shares of the information services provider’s stock worth $31,000 after purchasing an additional 52 shares in the last quarter. Modera Wealth Management LLC grew its holdings in shares of VeriSign by 3.6% in the 3rd quarter. Modera Wealth Management LLC now owns 1,721 shares of the information services provider’s stock valued at $349,000 after acquiring an additional 60 shares in the last quarter. CWM LLC increased its position in shares of VeriSign by 2.1% in the fourth quarter. CWM LLC now owns 2,960 shares of the information services provider’s stock valued at $610,000 after acquiring an additional 60 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd raised its holdings in VeriSign by 0.8% during the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 8,571 shares of the information services provider’s stock worth $1,736,000 after acquiring an additional 65 shares in the last quarter. Finally, Desjardins Global Asset Management Inc. grew its stake in VeriSign by 1.1% in the fourth quarter. Desjardins Global Asset Management Inc. now owns 6,129 shares of the information services provider’s stock valued at $1,262,000 after purchasing an additional 68 shares in the last quarter. Institutional investors own 92.90% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the company. StockNews.com upgraded VeriSign from a “hold” rating to a “buy” rating in a research note on Monday, April 29th. Robert W. Baird decreased their price objective on shares of VeriSign from $215.00 to $200.00 and set a “neutral” rating for the company in a research report on Friday, April 26th. Finally, Citigroup lowered their price objective on shares of VeriSign from $237.00 to $236.00 and set a “buy” rating on the stock in a research note on Tuesday, April 2nd.

Insider Buying and Selling at VeriSign

In other news, COO Todd B. Strubbe sold 9,423 shares of VeriSign stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $193.21, for a total transaction of $1,820,617.83. Following the completion of the sale, the chief operating officer now owns 111,551 shares of the company’s stock, valued at $21,552,768.71. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other VeriSign news, COO Todd B. Strubbe sold 9,423 shares of VeriSign stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $193.21, for a total value of $1,820,617.83. Following the completion of the sale, the chief operating officer now owns 111,551 shares in the company, valued at approximately $21,552,768.71. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Thomas C. Indelicarto sold 613 shares of the business’s stock in a transaction dated Tuesday, February 13th. The shares were sold at an average price of $195.33, for a total transaction of $119,737.29. Following the completion of the sale, the executive vice president now directly owns 43,143 shares of the company’s stock, valued at approximately $8,427,122.19. The disclosure for this sale can be found here. Insiders have sold a total of 14,140 shares of company stock valued at $2,732,141 in the last ninety days. 0.84% of the stock is currently owned by corporate insiders.

VeriSign Trading Up 0.7 %

VRSN opened at $169.79 on Friday. The stock has a market cap of $16.91 billion, a PE ratio of 20.86 and a beta of 0.89. The stock’s fifty day simple moving average is $184.94 and its 200 day simple moving average is $197.50. VeriSign, Inc. has a 1-year low of $167.04 and a 1-year high of $229.72.

VeriSign (NASDAQ:VRSN) last issued its quarterly earnings data on Thursday, April 25th. The information services provider reported $1.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.86 by $0.06. VeriSign had a net margin of 55.04% and a negative return on equity of 47.21%. The firm had revenue of $384.30 million during the quarter, compared to the consensus estimate of $381.85 million. During the same period last year, the business posted $1.70 earnings per share. The business’s revenue for the quarter was up 5.5% compared to the same quarter last year.

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.