VeriSign, Inc. (NASDAQ:VRSN) SVP John Calys Sells 447 Shares of Stock

VeriSign, Inc. (NASDAQ:VRSN) SVP John Calys sold 447 shares of the 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 completion of the transaction, the senior vice president now owns 23,735 shares of the company’s stock, valued at $5,500,586.25. The trade was a 1.85 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

VeriSign Stock Performance

VeriSign stock opened at $238.24 on Wednesday. The firm has a market capitalization of $22.54 billion, a price-to-earnings ratio of 29.78 and a beta of 0.90. VeriSign, Inc. has a fifty-two week low of $167.04 and a fifty-two week high of $239.05. The stock’s fifty day moving average is $213.95 and its two-hundred day moving average is $194.95.

VeriSign (NASDAQ:VRSN) last posted its 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%.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on VRSN shares. Baird R W upgraded VeriSign from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 9th. Robert W. Baird upgraded VeriSign from a “neutral” rating to an “outperform” rating and increased their price objective for the stock from $200.00 to $250.00 in a research report on Monday, December 9th. Citigroup increased their price objective on VeriSign from $246.00 to $250.00 and gave the stock a “buy” rating in a research report on Tuesday, February 4th. Finally, StockNews.com upgraded VeriSign from a “hold” rating to a “buy” rating in a research report on Tuesday, January 7th.

Institutional Trading of VeriSign

Several large investors have recently bought and sold shares of the company. Integrated Advisors Network LLC grew its holdings in VeriSign by 19.1% in the fourth quarter. Integrated Advisors Network LLC now owns 1,732 shares of the information services provider’s stock valued at $358,000 after purchasing an additional 278 shares during the last quarter. Forum Financial Management LP boosted its stake in shares of VeriSign by 41.6% during the fourth quarter. Forum Financial Management LP now owns 1,766 shares of the information services provider’s stock valued at $365,000 after acquiring an additional 519 shares during the last quarter. Amiral Gestion acquired a new stake in shares of VeriSign during the fourth quarter valued at $6,307,000. Cache Advisors LLC acquired a new stake in shares of VeriSign during the fourth quarter valued at $685,000. Finally, Western Wealth Management LLC boosted its stake in shares of VeriSign by 3.9% during the fourth quarter. Western Wealth Management LLC now owns 1,905 shares of the information services provider’s stock valued at $394,000 after acquiring an additional 72 shares during the last quarter. Institutional investors and hedge funds own 92.90% of the company’s stock.

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.