VeriSign, Inc. (NASDAQ:VRSN) Shares Purchased by Addison Advisors LLC

Addison Advisors LLC boosted its holdings in VeriSign, Inc. (NASDAQ:VRSN) by 66.0% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,205 shares of the information services provider’s stock after buying an additional 479 shares during the quarter. Addison Advisors LLC’s holdings in VeriSign were worth $248,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in VRSN. Cary Street Partners Investment Advisory LLC grew its position in VeriSign by 52.0% during the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 152 shares of the information services provider’s stock worth $31,000 after purchasing an additional 52 shares in the last quarter. Baldwin Brothers LLC MA grew its position in VeriSign by 158.6% during the 4th quarter. Baldwin Brothers LLC MA now owns 181 shares of the information services provider’s stock worth $37,000 after purchasing an additional 111 shares in the last quarter. UMB Bank n.a. grew its position in VeriSign by 91.7% during the 3rd quarter. UMB Bank n.a. now owns 347 shares of the information services provider’s stock worth $70,000 after purchasing an additional 166 shares in the last quarter. Larson Financial Group LLC grew its position in VeriSign by 251.5% during the 3rd quarter. Larson Financial Group LLC now owns 355 shares of the information services provider’s stock worth $72,000 after purchasing an additional 254 shares in the last quarter. Finally, CX Institutional purchased a new position in VeriSign during the 4th quarter worth approximately $79,000. Institutional investors and hedge funds own 92.90% of the company’s stock.

Analyst Upgrades and Downgrades

VRSN has been the subject of a number of research reports. Robert W. Baird decreased their target price on shares of VeriSign from $215.00 to $200.00 and set a “neutral” rating for the company in a research note on Friday. Citigroup decreased their target price on shares of VeriSign from $237.00 to $236.00 and set a “buy” rating for the company in a research note on Tuesday, April 2nd. Finally, StockNews.com lowered shares of VeriSign from a “buy” rating to a “hold” rating in a research note on Wednesday, April 3rd.

VeriSign Price Performance

NASDAQ:VRSN traded down $7.20 during trading hours on Friday, reaching $175.48. The company’s stock had a trading volume of 1,931,523 shares, compared to its average volume of 646,443. The company has a market cap of $17.57 billion, a price-to-earnings ratio of 21.56 and a beta of 0.88. VeriSign, Inc. has a one year low of $174.51 and a one year high of $229.72. The business’s 50-day moving average is $189.29 and its 200-day moving average is $200.03.

VeriSign (NASDAQ:VRSN) last issued its quarterly earnings data on Thursday, April 25th. The information services provider reported $1.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.86 by $0.06. The firm had revenue of $384.30 million during the quarter, compared to analysts’ expectations of $381.85 million. VeriSign had a net margin of 55.04% and a negative return on equity of 47.39%. VeriSign’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same period in the prior year, the company posted $1.70 earnings per share.

Insider Buying and Selling

In other VeriSign news, EVP Thomas C. Indelicarto sold 613 shares of the company’s stock in a transaction dated Tuesday, February 13th. The shares were sold at an average price of $195.33, for a total transaction of $119,737.29. Following the completion of the sale, the executive vice president now directly owns 43,143 shares in the company, valued at $8,427,122.19. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other VeriSign news, EVP Thomas C. Indelicarto sold 613 shares of the company’s stock in a transaction dated Tuesday, February 13th. The shares were sold at an average price of $195.33, for a total transaction of $119,737.29. Following the completion of the sale, the executive vice president now directly owns 43,143 shares in the company, valued at $8,427,122.19. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Thomas C. Indelicarto sold 614 shares of the company’s stock in a transaction dated Thursday, April 11th. The shares were sold at an average price of $190.00, for a total transaction of $116,660.00. Following the sale, the executive vice president now owns 41,955 shares of the company’s stock, valued at $7,971,450. The disclosure for this sale can be found here. Over the last three months, insiders sold 14,877 shares of company stock worth $2,878,864. Corporate insiders own 0.94% of the company’s stock.

About VeriSign

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.