Achmea Investment Management B.V. Buys 1,391 Shares of VeriSign, Inc. (NASDAQ:VRSN)

Achmea Investment Management B.V. increased its stake in shares of VeriSign, Inc. (NASDAQ:VRSN) by 7.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 19,142 shares of the information services provider’s stock after buying an additional 1,391 shares during the quarter. Achmea Investment Management B.V.’s holdings in VeriSign were worth $3,962,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of VRSN. Whipplewood Advisors LLC acquired a new stake in shares of VeriSign in the 4th quarter valued at $26,000. Crewe Advisors LLC acquired a new stake in shares of VeriSign in the 4th quarter valued at $26,000. Venturi Wealth Management LLC increased its stake in shares of VeriSign by 127.2% in the 4th quarter. Venturi Wealth Management LLC now owns 184 shares of the information services provider’s stock valued at $38,000 after buying an additional 103 shares during the period. BankPlus Trust Department acquired a new stake in shares of VeriSign in the 4th quarter valued at $49,000. Finally, Spire Wealth Management increased its stake in shares of VeriSign by 69.8% in the 4th quarter. Spire Wealth Management now owns 253 shares of the information services provider’s stock valued at $52,000 after buying an additional 104 shares during the period. Institutional investors own 92.90% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on VRSN. Baird R W raised VeriSign from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 9th. Robert W. Baird raised VeriSign from a “neutral” rating to an “outperform” rating and lifted their price objective for the stock from $200.00 to $250.00 in a research note on Monday, December 9th. StockNews.com cut VeriSign from a “buy” rating to a “hold” rating in a research note on Wednesday. Finally, Citigroup lifted their price objective on VeriSign from $246.00 to $250.00 and gave the stock a “buy” rating in a research note on Tuesday, February 4th.

Insider Buying and Selling at VeriSign

In other news, SVP John Calys sold 447 shares of the business’s stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $231.75, for a total value of $103,592.25. Following the sale, the senior vice president now directly owns 23,735 shares in the company, valued at $5,500,586.25. The trade was a 1.85 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 0.84% of the company’s stock.

VeriSign Stock Up 2.1 %

Shares of VeriSign stock opened at $238.35 on Friday. VeriSign, Inc. has a 12 month low of $167.04 and a 12 month high of $242.23. The business has a fifty day simple moving average of $223.32 and a 200 day simple moving average of $200.07. The stock has a market cap of $22.55 billion, a PE ratio of 29.79 and a beta of 0.87.

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

VeriSign 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.