Caprock Group LLC Invests $217,000 in VeriSign, Inc. (NASDAQ:VRSN)

Caprock Group LLC acquired a new stake in VeriSign, Inc. (NASDAQ:VRSN) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 1,049 shares of the information services provider’s stock, valued at approximately $217,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Truist Financial Corp raised its stake in shares of VeriSign by 13.7% during the 2nd quarter. Truist Financial Corp now owns 18,504 shares of the information services provider’s stock worth $3,290,000 after purchasing an additional 2,224 shares in the last quarter. Cetera Investment Advisers increased its holdings in VeriSign by 67.5% during the second quarter. Cetera Investment Advisers now owns 7,659 shares of the information services provider’s stock worth $1,362,000 after buying an additional 3,086 shares during the last quarter. Sanctuary Advisors LLC bought a new stake in VeriSign during the second quarter worth $607,000. Czech National Bank lifted its stake in VeriSign by 3.5% in the third quarter. Czech National Bank now owns 17,098 shares of the information services provider’s stock valued at $3,248,000 after acquiring an additional 585 shares during the last quarter. Finally, GAMMA Investing LLC grew its position in shares of VeriSign by 102.5% in the 3rd quarter. GAMMA Investing LLC now owns 1,565 shares of the information services provider’s stock valued at $297,000 after acquiring an additional 792 shares during the period. Institutional investors and hedge funds own 92.90% of the company’s stock.

Insider Activity at VeriSign

In related news, EVP Danny R. Mcpherson sold 2,092 shares of the firm’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $192.43, for a total transaction of $402,563.56. Following the transaction, the executive vice president now directly owns 26,157 shares of the company’s stock, valued at approximately $5,033,391.51. This trade represents a 7.41 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.84% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

VRSN has been the topic of a number of research analyst reports. Robert W. Baird raised shares of VeriSign from a “neutral” rating to an “outperform” rating and upped their target price for the company from $200.00 to $250.00 in a report on Monday, December 9th. Baird R W upgraded VeriSign from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 9th. Citigroup raised their price objective on VeriSign from $246.00 to $250.00 and gave the company a “buy” rating in a research report on Tuesday. Finally, StockNews.com raised VeriSign from a “hold” rating to a “buy” rating in a report on Tuesday, January 7th.

VeriSign Stock Performance

Shares of VRSN stock opened at $220.18 on Friday. VeriSign, Inc. has a 52 week low of $167.04 and a 52 week high of $222.25. The company has a market capitalization of $21.16 billion, a price-to-earnings ratio of 25.60 and a beta of 0.90. The company has a 50-day simple moving average of $204.11 and a 200 day simple moving average of $190.11.

VeriSign (NASDAQ:VRSN) last issued its quarterly earnings data 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 45.59% and a net margin of 55.74%.

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.