Cibc World Markets Corp Has $30.42 Million Holdings in VeriSign, Inc. (NASDAQ:VRSN)

Cibc World Markets Corp increased its holdings in VeriSign, Inc. (NASDAQ:VRSN) by 1.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 147,002 shares of the information services provider’s stock after acquiring an additional 1,620 shares during the period. Cibc World Markets Corp owned about 0.15% of VeriSign worth $30,424,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in VRSN. Crewe Advisors LLC bought a new stake in VeriSign in the 4th quarter worth about $26,000. Whipplewood Advisors LLC bought a new stake in VeriSign in the 4th quarter worth about $26,000. Venturi Wealth Management LLC grew its position in VeriSign by 127.2% in the 4th quarter. Venturi Wealth Management LLC now owns 184 shares of the information services provider’s stock worth $38,000 after purchasing an additional 103 shares in the last quarter. BankPlus Trust Department bought a new stake in VeriSign in the 4th quarter worth about $49,000. Finally, Spire Wealth Management grew its position in VeriSign by 69.8% in the 4th quarter. Spire Wealth Management now owns 253 shares of the information services provider’s stock worth $52,000 after purchasing an additional 104 shares in the last quarter. Institutional investors and hedge funds own 92.90% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on VRSN shares. Citigroup upped their price objective on shares of VeriSign from $246.00 to $250.00 and gave the stock a “buy” rating in a research report on Tuesday, February 4th. Robert W. Baird raised shares of VeriSign from a “neutral” rating to an “outperform” rating and upped their price objective for the stock from $200.00 to $250.00 in a research report on Monday, December 9th. Baird R W raised shares of VeriSign from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 9th. Finally, StockNews.com downgraded shares of VeriSign from a “buy” rating to a “hold” rating in a research report on Wednesday, March 12th.

VeriSign Stock Up 2.1 %

VeriSign stock opened at $238.35 on Monday. VeriSign, Inc. has a twelve month low of $167.04 and a twelve month high of $242.23. The firm has a 50 day moving average price of $223.32 and a 200-day moving average price of $200.33. The company has a market capitalization of $22.55 billion, a P/E ratio of 29.79 and a beta of 0.87.

VeriSign (NASDAQ:VRSN) last released its earnings results on Thursday, February 6th. The information services provider reported $2.00 earnings per share 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 Activity at VeriSign

In related news, SVP John Calys sold 447 shares of the company’s stock in a transaction that occurred on 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 in the company, valued at approximately $5,500,586.25. This represents a 1.85 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.84% of the stock is currently owned by corporate insiders.

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.