Advisor Partners LLC Has $477,000 Stake in Verisign, Inc. (VRSN)
Advisor Partners LLC increased its holdings in Verisign, Inc. (NASDAQ:VRSN) by 4.1% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,215 shares of the information services provider’s stock after buying an additional 126 shares during the period. Advisor Partners LLC’s holdings in Verisign were worth $477,000 as of its most recent SEC filing.
Several other hedge funds have also modified their holdings of VRSN. Dimensional Fund Advisors LP raised its position in shares of Verisign by 3.8% in the second quarter. Dimensional Fund Advisors LP now owns 263,908 shares of the information services provider’s stock worth $36,268,000 after buying an additional 9,566 shares in the last quarter. OppenheimerFunds Inc. purchased a new stake in shares of Verisign in the second quarter worth $256,000. Visionary Asset Management Inc. purchased a new stake in shares of Verisign in the third quarter worth $221,000. Denali Advisors LLC raised its position in shares of Verisign by 54.5% in the third quarter. Denali Advisors LLC now owns 64,900 shares of the information services provider’s stock worth $10,392,000 after buying an additional 22,900 shares in the last quarter. Finally, Atria Investments LLC raised its position in shares of Verisign by 8.8% in the third quarter. Atria Investments LLC now owns 7,940 shares of the information services provider’s stock worth $1,271,000 after buying an additional 641 shares in the last quarter. Institutional investors own 91.98% of the company’s stock.
A number of equities research analysts have weighed in on VRSN shares. BidaskClub downgraded Verisign from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, October 9th. JPMorgan Chase & Co. upgraded Verisign from an “underweight” rating to a “neutral” rating and raised their price target for the company from $125.00 to $160.00 in a research report on Friday, November 2nd. Robert W. Baird upgraded Verisign from a “neutral” rating to an “outperform” rating and raised their price target for the company from $160.00 to $170.00 in a research report on Friday, November 2nd. Citigroup raised their price target on Verisign from $152.00 to $155.00 and gave the company a “neutral” rating in a research report on Friday, November 2nd. Finally, Zacks Investment Research restated a “hold” rating on shares of Verisign in a research report on Saturday, November 17th. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $160.80.
In other news, Director Kathleen A. Cote sold 2,384 shares of Verisign stock in a transaction dated Monday, November 5th. The stock was sold at an average price of $160.50, for a total value of $382,632.00. Following the transaction, the director now owns 37,594 shares in the company, valued at $6,033,837. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Thomas C. Indelicarto sold 3,300 shares of Verisign stock in a transaction dated Thursday, December 6th. The stock was sold at an average price of $150.81, for a total value of $497,673.00. Following the completion of the transaction, the executive vice president now owns 55,871 shares in the company, valued at approximately $8,425,905.51. The disclosure for this sale can be found here. Company insiders own 1.35% of the company’s stock.
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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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