Mirae Asset Global Investments Co. Ltd. Sells 9,672 Shares of VeriSign, Inc. (NASDAQ:VRSN)

Mirae Asset Global Investments Co. Ltd. reduced its stake in shares of VeriSign, Inc. (NASDAQ:VRSN) by 33.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,655 shares of the information services provider’s stock after selling 9,672 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in VeriSign were worth $4,048,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. DekaBank Deutsche Girozentrale boosted its holdings in shares of VeriSign by 9.6% in the 4th quarter. DekaBank Deutsche Girozentrale now owns 64,675 shares of the information services provider’s stock worth $13,279,000 after acquiring an additional 5,668 shares in the last quarter. Carderock Capital Management Inc. boosted its stake in VeriSign by 1.9% in the fourth quarter. Carderock Capital Management Inc. now owns 29,682 shares of the information services provider’s stock worth $6,113,000 after purchasing an additional 564 shares in the last quarter. Oak Thistle LLC bought a new stake in shares of VeriSign during the fourth quarter worth $2,491,000. First Citizens Bank & Trust Co. increased its stake in shares of VeriSign by 7.8% in the fourth quarter. First Citizens Bank & Trust Co. now owns 15,051 shares of the information services provider’s stock valued at $3,100,000 after buying an additional 1,088 shares in the last quarter. Finally, Cigna Investments Inc. New bought a new position in shares of VeriSign in the fourth quarter valued at about $201,000. 92.90% of the stock is owned by institutional investors.

Insider Buying and Selling at VeriSign

In other news, CEO D James Bidzos sold 2,000 shares of the firm’s stock in a transaction on Thursday, January 18th. The stock was sold at an average price of $201.35, for a total value of $402,700.00. Following the transaction, the chief executive officer now directly owns 500,306 shares in the company, valued at approximately $100,736,613.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other VeriSign news, CEO D James Bidzos sold 2,000 shares of the stock in a transaction dated Thursday, January 18th. The stock was sold at an average price of $201.35, for a total value of $402,700.00. Following the transaction, the chief executive officer now owns 500,306 shares of the company’s stock, valued at $100,736,613.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Thomas C. Indelicarto sold 613 shares of the business’s stock in a transaction dated Tuesday, February 6th. The stock was sold at an average price of $199.05, for a total value of $122,017.65. Following the transaction, the executive vice president now owns 34,816 shares of the company’s stock, valued at $6,930,124.80. The disclosure for this sale can be found here. In the last 90 days, insiders sold 16,877 shares of company stock worth $3,281,564. Insiders own 0.94% of the company’s stock.

VeriSign Trading Down 0.3 %

Shares of NASDAQ:VRSN opened at $182.63 on Wednesday. VeriSign, Inc. has a 1-year low of $182.38 and a 1-year high of $229.72. The stock has a market capitalization of $18.29 billion, a P/E ratio of 23.06 and a beta of 0.88. The business has a 50-day moving average price of $191.59 and a two-hundred day moving average price of $201.20.

VeriSign (NASDAQ:VRSN) last posted its quarterly earnings results on Thursday, February 8th. The information services provider reported $1.92 earnings per share for the quarter, topping analysts’ consensus estimates of $1.83 by $0.09. VeriSign had a net margin of 54.74% and a negative return on equity of 46.56%. The business had revenue of $380.40 million during the quarter, compared to the consensus estimate of $381.01 million. As a group, equities analysts predict that VeriSign, Inc. will post 7.82 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts have commented on the stock. StockNews.com lowered shares of VeriSign from a “buy” rating to a “hold” rating in a report on Wednesday, April 3rd. Citigroup decreased their price target on shares of VeriSign from $237.00 to $236.00 and set a “buy” rating on the stock in a research note on Tuesday, April 2nd.

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.