1 day Ago By Defense World Staff
VeriSign (NASDAQ:VRSN – Free Report) had its price objective boosted by Robert W. Baird from $255.00 to $275.
00 in a report released on Tuesday,Benzinga reports. The brokerage currently has an outperform rating on the information services provider’s stock.Other analysts also recently issued reports about the company.
StockNews.com downgraded VeriSign from a “buy” rating to a “hold” rating in a research report on Friday, March 21st. Citigroup increased their target price on shares of VeriSign from $246.
00 to $250.00 and gave the stock a “buy” rating in a report on Tuesday, February 4th. Finally, Baird R W raised shares of VeriSign from a “hold” rating to a “strong-buy” rating in a report on Monday, December 9th.
View Our Latest Stock Analysis on VRSNVeriSign Stock Up 0.4 %VRSN stock opened at $254.98 on Tuesday.
The company’s 50-day moving average price is $232.16 and its two-hundred day moving average price is $205.74.
VeriSign has a 12 month low of $167.05 and a 12 month high of $257.70.
The firm has a market cap of $24.12 billion, a P/E ratio of 31.87 and a beta of 0.
87. VeriSign (NASDAQ:VRSN – Get Free Report) last announced its quarterly earnings data 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 net margin of 50.
47% and a negative return on equity of 43.01%. Insider Buying and SellingIn other news, SVP John Calys sold 447 shares of VeriSign stock in a transaction dated Monday, February 24th.
The stock was 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 approximately $5,500,586.25. This trade represents a 1.
85 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.
84% of the stock is currently owned by corporate insiders. Institutional Inflows and OutflowsLarge investors have recently added to or reduced their stakes in the business. Sequoia Financial Advisors LLC increased its position in VeriSign by 2.
5% in the 4th quarter. Sequoia Financial Advisors LLC now owns 1,960 shares of the information services provider’s stock valued at $406,000 after acquiring an additional 48 shares during the period. HighTower Advisors LLC grew its stake in shares of VeriSign by 1.
8% in the fourth quarter. HighTower Advisors LLC now owns 3,256 shares of the information services provider’s stock worth $674,000 after purchasing an additional 56 shares during the last quarter. CX Institutional grew its stake in shares of VeriSign by 5.
1% in the fourth quarter. CX Institutional now owns 1,173 shares of the information services provider’s stock worth $243,000 after purchasing an additional 57 shares during the last quarter. True Wealth Design LLC increased its holdings in VeriSign by 11.
9% in the fourth quarter. True Wealth Design LLC now owns 573 shares of the information services provider’s stock valued at $119,000 after purchasing an additional 61 shares during the period. Finally, Whittier Trust Co.
of Nevada Inc. raised its position in VeriSign by 4.6% during the 4th quarter.
Whittier Trust Co. of Nevada Inc. now owns 1,469 shares of the information services provider’s stock worth $304,000 after purchasing an additional 64 shares during the last quarter.
Institutional investors own 92.90% of the company’s stock. VeriSign Company Profile (Get Free Report)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.
Read MoreFive stocks we like better than VeriSignThere Are Different Types of Stock To Invest InD-Wave: Multiple Use Cases Emerge Following Quantum SupremacyHow to Invest in the Best Canadian Stocks Amazon Falls Back to a Key Support Line: Here’s How to Play ItStock Splits, Do They Really Impact Investors?Buffett Trims Equities, But Still Keeps Buying This Stock.
_8.jpg?itok=wp-xhXRB)
