Asset Management Advisors LLC Has $6.04 Million Holdings in VeriSign, Inc. (NASDAQ:VRSN)

Asset Management Advisors LLC boosted its stake in VeriSign, Inc. (NASDAQ:VRSN) by 1.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 29,195 shares of the information services provider’s stock after purchasing an additional 525 shares during the quarter. VeriSign makes up 4.4% of Asset Management Advisors LLC’s investment portfolio, making the stock its 8th largest position. Asset Management Advisors LLC’s holdings in VeriSign were worth $6,042,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in the stock. Jacobs Levy Equity Management Inc. boosted its stake in VeriSign by 7.3% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 693,369 shares of the information services provider’s stock worth $131,712,000 after purchasing an additional 47,412 shares during the period. BNP Paribas Financial Markets boosted its stake in VeriSign by 26.3% in the 3rd quarter. BNP Paribas Financial Markets now owns 580,613 shares of the information services provider’s stock worth $110,293,000 after purchasing an additional 120,958 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in VeriSign by 1.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 527,551 shares of the information services provider’s stock worth $100,214,000 after purchasing an additional 9,574 shares during the period. Diamond Hill Capital Management Inc. boosted its stake in VeriSign by 12.2% in the 3rd quarter. Diamond Hill Capital Management Inc. now owns 428,647 shares of the information services provider’s stock worth $81,426,000 after purchasing an additional 46,677 shares during the period. Finally, Nordea Investment Management AB boosted its stake in VeriSign by 544.1% in the 4th quarter. Nordea Investment Management AB now owns 391,319 shares of the information services provider’s stock worth $81,003,000 after purchasing an additional 330,561 shares during the period. Institutional investors own 92.90% of the company’s stock.

Analyst Ratings Changes

VRSN has been the subject of several analyst reports. Robert W. Baird upgraded VeriSign from a “neutral” rating to an “outperform” rating and raised their target price for the stock from $200.00 to $250.00 in a research note on Monday, December 9th. Citigroup raised their price target on VeriSign from $210.00 to $238.00 and gave the company a “buy” rating in a report on Friday, January 3rd. Baird R W raised VeriSign from a “hold” rating to a “strong-buy” rating in a report on Monday, December 9th. Finally, StockNews.com raised VeriSign from a “hold” rating to a “buy” rating in a report on Tuesday, January 7th.

VeriSign Stock Up 0.5 %

NASDAQ:VRSN opened at $215.00 on Monday. The business’s 50-day moving average price is $202.17 and its two-hundred day moving average price is $189.34. VeriSign, Inc. has a twelve month low of $167.04 and a twelve month high of $217.66. The stock has a market cap of $20.66 billion, a P/E ratio of 25.00 and a beta of 0.90.

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 stock was 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 position. The sale was disclosed in a filing with the SEC, which is accessible through this link. 0.84% of the stock is currently owned by insiders.

VeriSign Company 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.