Gulf International Bank UK Ltd trimmed its holdings in Verisign, Inc. (NASDAQ:VRSN) by 32.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 26,024 shares of the information services provider’s stock after selling 12,681 shares during the quarter. Gulf International Bank UK Ltd’s holdings in Verisign were worth $3,859,000 as of its most recent SEC filing.
Other hedge funds have also bought and sold shares of the company. Vanguard Group Inc. raised its holdings in shares of Verisign by 4.5% during the 3rd quarter. Vanguard Group Inc. now owns 11,368,270 shares of the information services provider’s stock worth $1,820,286,000 after acquiring an additional 485,685 shares in the last quarter. Vanguard Group Inc raised its holdings in shares of Verisign by 4.5% during the 3rd quarter. Vanguard Group Inc now owns 11,368,270 shares of the information services provider’s stock worth $1,820,286,000 after acquiring an additional 485,685 shares in the last quarter. BlackRock Inc. raised its holdings in shares of Verisign by 2.0% during the 3rd quarter. BlackRock Inc. now owns 8,633,323 shares of the information services provider’s stock worth $1,382,366,000 after acquiring an additional 172,033 shares in the last quarter. Renaissance Technologies LLC raised its holdings in shares of Verisign by 1.8% during the 3rd quarter. Renaissance Technologies LLC now owns 7,037,800 shares of the information services provider’s stock worth $1,126,893,000 after acquiring an additional 122,700 shares in the last quarter. Finally, Capital International Investors purchased a new stake in shares of Verisign during the 3rd quarter worth approximately $991,190,000. Institutional investors and hedge funds own 92.07% of the company’s stock.
NASDAQ:VRSN opened at $157.93 on Friday. Verisign, Inc. has a fifty-two week low of $105.40 and a fifty-two week high of $176.76. The firm has a market cap of $18.82 billion, a P/E ratio of 42.92 and a beta of 0.94.
In related news, EVP Thomas C. Indelicarto sold 3,300 shares of the stock in a transaction on Thursday, December 6th. The stock was sold at an average price of $150.81, for a total transaction of $497,673.00. Following the sale, the executive vice president now owns 55,871 shares in the company, valued at approximately $8,425,905.51. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Kathleen A. Cote sold 2,384 shares of the stock in a transaction on Monday, November 5th. The shares were sold at an average price of $160.50, for a total value of $382,632.00. Following the sale, the director now owns 37,594 shares in the company, valued at approximately $6,033,837. The disclosure for this sale can be found here. Corporate insiders own 1.35% of the company’s stock.
Several analysts have recently issued reports on the company. Citigroup upped their price objective on Verisign from $152.00 to $155.00 and gave the stock a “neutral” rating in a report on Friday, November 2nd. JPMorgan Chase & Co. upped their price objective on Verisign from $123.00 to $125.00 and gave the stock an “average” rating in a report on Monday, September 24th. BidaskClub raised Verisign from a “sell” rating to a “hold” rating in a report on Saturday, December 1st. Zacks Investment Research reaffirmed a “hold” rating on shares of Verisign in a report on Saturday, November 17th. Finally, Robert W. Baird upgraded Verisign from a “neutral” rating to an “outperform” rating and increased their price target for the company from $160.00 to $170.00 in a report on Friday, November 2nd. Five equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Verisign has an average rating of “Hold” and a consensus price target of $160.80.
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VeriSign, Inc provides domain name registry services and Internet security worldwide. The company offers registry services that operate the authoritative directory of .com, .net, .cc, .tv, .gov, .jobs, .edu, .name, and other domain names. Its registry services allow individuals and organizations to establish their online identities.
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