Ieq Capital LLC Buys 40,680 Shares of VeriSign, Inc. (NASDAQ:VRSN)

Ieq Capital LLC raised its stake in shares of VeriSign, Inc. (NASDAQ:VRSN) by 270.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 55,721 shares of the information services provider’s stock after acquiring an additional 40,680 shares during the period. Ieq Capital LLC’s holdings in VeriSign were worth $11,532,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of VRSN. Crewe Advisors LLC bought a new position in VeriSign during the 4th quarter valued at $26,000. Venturi Wealth Management LLC increased its position in shares of VeriSign by 127.2% during the 4th quarter. Venturi Wealth Management LLC now owns 184 shares of the information services provider’s stock valued at $38,000 after purchasing an additional 103 shares during the last quarter. Concord Wealth Partners increased its position in shares of 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 purchasing an additional 109 shares during the last quarter. Spire Wealth Management increased its position in shares of VeriSign by 69.8% during the 4th quarter. Spire Wealth Management now owns 253 shares of the information services provider’s stock valued at $52,000 after purchasing an additional 104 shares during the last quarter. Finally, Blue Trust Inc. increased its position 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 purchasing an additional 244 shares during the last quarter. 92.90% of the stock is currently owned by institutional investors.

VeriSign Stock Performance

Shares of VRSN opened at $231.73 on Thursday. The business has a 50-day moving average of $210.32 and a 200 day moving average of $192.94. VeriSign, Inc. has a fifty-two week low of $167.04 and a fifty-two week high of $232.48. The firm has a market cap of $21.92 billion, a P/E ratio of 28.97 and a beta of 0.90.

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

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling at VeriSign

In other VeriSign news, EVP Danny R. Mcpherson sold 2,092 shares of VeriSign stock in a transaction dated 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 transaction, the executive vice president now owns 26,157 shares of the company’s stock, valued at $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 available through this link. Insiders own 0.84% 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.