VeriSign, Inc. (NASDAQ:VRSN) Shares Bought by Nomura Asset Management Co. Ltd.

Nomura Asset Management Co. Ltd. raised its position in VeriSign, Inc. (NASDAQ:VRSN) by 0.5% in the 4th quarter, Holdings Channel reports. The fund owned 45,290 shares of the information services provider’s stock after acquiring an additional 242 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in VeriSign were worth $9,373,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Whipplewood Advisors LLC purchased a new position in VeriSign during the fourth quarter worth about $26,000. Crewe Advisors LLC purchased a new position in shares of VeriSign during the 4th quarter worth approximately $26,000. Venturi Wealth Management LLC lifted its holdings 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 purchased a new stake in shares of VeriSign in the fourth quarter valued at approximately $49,000. Finally, Spire Wealth Management grew its holdings in VeriSign by 69.8% during the fourth quarter. Spire Wealth Management now owns 253 shares of the information services provider’s stock worth $52,000 after acquiring an additional 104 shares during the period. Hedge funds and other institutional investors own 92.90% of the company’s stock.

Wall Street Analysts Forecast Growth

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

VeriSign Stock Down 1.5 %

VeriSign stock opened at $250.92 on Monday. The firm’s 50-day simple moving average is $230.38 and its 200 day simple moving average is $204.71. VeriSign, Inc. has a 52 week low of $167.05 and a 52 week high of $256.35. The firm has a market capitalization of $23.74 billion, a PE ratio of 31.37 and a beta of 0.87.

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

Insiders Place Their Bets

In other VeriSign news, SVP John Calys sold 447 shares of the firm’s 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 directly owns 23,735 shares of the company’s stock, valued at $5,500,586.25. This trade represents a 1.85 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.84% of the stock is currently owned by company insiders.

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.