New Age Alpha Advisors LLC Has $5.22 Million Position in VeriSign, Inc. (NASDAQ:VRSN)

New Age Alpha Advisors LLC increased its holdings in shares of VeriSign, Inc. (NASDAQ:VRSN) by 17,553.1% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 25,244 shares of the information services provider’s stock after purchasing an additional 25,101 shares during the period. New Age Alpha Advisors LLC’s holdings in VeriSign were worth $5,224,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the business. Norges Bank acquired a new position in shares of VeriSign during the fourth quarter valued at about $222,840,000. Elo Mutual Pension Insurance Co acquired a new stake in shares of VeriSign during the 4th quarter worth approximately $2,162,000. Korea Investment CORP increased its holdings in VeriSign by 42.3% in the 4th quarter. Korea Investment CORP now owns 29,943 shares of the information services provider’s stock valued at $6,197,000 after buying an additional 8,900 shares during the period. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund acquired a new position in shares of VeriSign in the 4th quarter valued at $600,000. Finally, Mitsubishi UFJ Trust & Banking Corp raised its stake in shares of VeriSign by 4.5% in the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 133,146 shares of the information services provider’s stock valued at $27,556,000 after buying an additional 5,781 shares in the last quarter. Institutional investors own 92.90% of the company’s stock.

Insider Activity

In other VeriSign news, SVP John Calys sold 447 shares of the 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 sale, 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 Securities & Exchange Commission, which can be accessed through this hyperlink. 0.84% of the stock is currently owned by corporate insiders.

VeriSign Stock Down 1.5 %

NASDAQ:VRSN opened at $250.92 on Friday. The firm has a market cap of $23.74 billion, a PE ratio of 31.37 and a beta of 0.87. The company’s 50-day moving average price is $230.38 and its two-hundred day moving average price is $204.39. VeriSign, Inc. has a 12 month low of $167.05 and a 12 month high of $256.35.

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

Analyst Ratings Changes

A number of analysts recently weighed in on VRSN shares. Citigroup upped their target price on shares of VeriSign from $246.00 to $250.00 and gave the company a “buy” rating in a research note on Tuesday, February 4th. Robert W. Baird upgraded VeriSign from a “neutral” rating to an “outperform” rating and upped their price objective for the company from $200.00 to $250.00 in a research note on Monday, December 9th. Baird R W upgraded VeriSign from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 9th. Finally, StockNews.com cut VeriSign from a “buy” rating to a “hold” rating in a research report on Friday, March 21st.

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.