denkapparat Operations GmbH Makes New $239,000 Investment in VeriSign, Inc. (NASDAQ:VRSN)

denkapparat Operations GmbH bought a new stake in VeriSign, Inc. (NASDAQ:VRSN) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 1,156 shares of the information services provider’s stock, valued at approximately $239,000.

Other institutional investors also recently modified their holdings of the company. Crewe Advisors LLC acquired a new position in VeriSign during the 4th quarter worth about $26,000. Whipplewood Advisors LLC acquired a new position in shares of VeriSign during the fourth quarter worth approximately $26,000. Venturi Wealth Management LLC grew its stake in shares of VeriSign by 127.2% during the fourth quarter. Venturi Wealth Management LLC now owns 184 shares of the information services provider’s stock valued at $38,000 after purchasing an additional 103 shares during the last quarter. BankPlus Trust Department acquired a new stake in shares of VeriSign in the fourth quarter valued at approximately $49,000. Finally, Spire Wealth Management increased its holdings in shares of VeriSign by 69.8% in the fourth quarter. Spire Wealth Management now owns 253 shares of the information services provider’s stock valued at $52,000 after purchasing an additional 104 shares in the last quarter. Institutional investors own 92.90% of the company’s stock.

Wall Street Analyst Weigh In

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

VeriSign Stock Down 1.5 %

VRSN stock opened at $250.92 on Friday. VeriSign, Inc. has a twelve month low of $167.05 and a twelve month high of $256.35. The company has a market cap of $23.74 billion, a P/E ratio of 31.37 and a beta of 0.87. The business’s fifty day moving average is $230.38 and its 200-day moving average is $204.39.

VeriSign (NASDAQ:VRSN) last issued its earnings results on Thursday, February 6th. The information services provider reported $2.00 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $2.00. VeriSign had a negative return on equity of 43.01% and a net margin of 50.47%.

Insider Activity at VeriSign

In other VeriSign 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 transaction, the senior vice president now directly owns 23,735 shares in the company, valued at approximately $5,500,586.25. The trade was a 1.85 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.84% of the company’s stock.

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.