Patriot Financial Group Insurance Agency LLC Increases Holdings in VeriSign, Inc. (NASDAQ:VRSN)

Patriot Financial Group Insurance Agency LLC boosted its position in VeriSign, Inc. (NASDAQ:VRSN) by 5.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,429 shares of the information services provider’s stock after buying an additional 74 shares during the period. Patriot Financial Group Insurance Agency LLC’s holdings in VeriSign were worth $296,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Concord Wealth Partners lifted its stake in VeriSign by 93.2% during the 3rd quarter. Concord Wealth Partners now owns 226 shares of the information services provider’s stock valued at $43,000 after acquiring an additional 109 shares during the period. Tobam grew its position in VeriSign by 61.1% during the 3rd quarter. Tobam now owns 311 shares of the information services provider’s stock worth $59,000 after purchasing an additional 118 shares during the period. Blue Trust Inc. raised its stake in shares of VeriSign by 138.6% during the 3rd quarter. Blue Trust Inc. now owns 420 shares of the information services provider’s stock valued at $75,000 after buying an additional 244 shares during the last quarter. Intact Investment Management Inc. acquired a new position in shares of VeriSign in the 3rd quarter valued at about $76,000. Finally, True Wealth Design LLC boosted its stake in shares of VeriSign by 16,966.7% in the third quarter. True Wealth Design LLC now owns 512 shares of the information services provider’s stock worth $97,000 after buying an additional 509 shares during the last quarter. Institutional investors and hedge funds own 92.90% of the company’s stock.

Insiders Place Their Bets

In other VeriSign news, EVP Danny R. Mcpherson sold 2,092 shares of the business’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $192.43, for a total transaction of $402,563.56. Following the completion of the sale, the executive vice president now directly owns 26,157 shares in the company, valued at approximately $5,033,391.51. The trade was a 7.41 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.84% of the stock is currently owned by company insiders.

VeriSign Price Performance

VeriSign stock opened at $213.78 on Thursday. VeriSign, Inc. has a 12 month low of $167.04 and a 12 month high of $216.83. The stock has a market capitalization of $20.54 billion, a PE ratio of 24.86 and a beta of 0.89. The business has a 50 day simple moving average of $200.26 and a 200-day simple moving average of $188.58.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the company. StockNews.com upgraded VeriSign from a “hold” rating to a “buy” rating in a research report on Tuesday, January 7th. Robert W. Baird raised shares of VeriSign from a “neutral” rating to an “outperform” rating and increased their price target for the stock from $200.00 to $250.00 in a report on Monday, December 9th. Citigroup lifted their price objective on shares of VeriSign from $210.00 to $238.00 and gave the company a “buy” rating in a report on Friday, January 3rd. Finally, Baird R W raised shares of VeriSign from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 9th.

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.