Assetmark Inc. Grows Stock Position in VeriSign, Inc. (NASDAQ:VRSN)

Assetmark Inc. grew its position in VeriSign, Inc. (NASDAQ:VRSN) by 847.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 12,528 shares of the information services provider’s stock after acquiring an additional 11,206 shares during the quarter. Assetmark Inc.’s holdings in VeriSign were worth $2,593,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in VRSN. Farther Finance Advisors LLC lifted its position in shares of VeriSign by 68.1% in the third quarter. Farther Finance Advisors LLC now owns 854 shares of the information services provider’s stock valued at $162,000 after acquiring an additional 346 shares in the last quarter. Asset Management Advisors LLC lifted its position in VeriSign by 0.5% during the third quarter. Asset Management Advisors LLC now owns 28,670 shares of the information services provider’s stock worth $5,446,000 after buying an additional 150 shares in the last quarter. Los Angeles Capital Management LLC lifted its position in VeriSign by 106.1% during the third quarter. Los Angeles Capital Management LLC now owns 184,387 shares of the information services provider’s stock worth $35,026,000 after buying an additional 94,917 shares in the last quarter. Diamond Hill Capital Management Inc. lifted its position in VeriSign by 12.2% during the third quarter. Diamond Hill Capital Management Inc. now owns 428,647 shares of the information services provider’s stock worth $81,426,000 after buying an additional 46,677 shares in the last quarter. Finally, Versor Investments LP lifted its position in VeriSign by 453.0% during the third quarter. Versor Investments LP now owns 9,401 shares of the information services provider’s stock worth $1,786,000 after buying an additional 7,701 shares in the last quarter. Hedge funds and other institutional investors own 92.90% of the company’s stock.

Insiders Place Their Bets

In other news, SVP John Calys sold 447 shares of VeriSign stock in a transaction on Monday, February 24th. The stock was sold at an average price of $231.75, for a total value of $103,592.25. Following the completion of the sale, the senior vice president now directly owns 23,735 shares of the company’s stock, valued at approximately $5,500,586.25. The trade was a 1.85 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.84% of the stock is owned by insiders.

VeriSign Stock Up 0.2 %

VRSN stock opened at $240.47 on Monday. The business has a fifty day moving average of $220.26 and a two-hundred day moving average of $198.36. The stock has a market cap of $22.75 billion, a price-to-earnings ratio of 30.06 and a beta of 0.87. VeriSign, Inc. has a 52-week low of $167.04 and a 52-week high of $242.23.

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

Analyst Upgrades and Downgrades

VRSN has been the topic of a number of analyst reports. Citigroup lifted their price objective on VeriSign from $246.00 to $250.00 and gave the stock a “buy” rating in a research report on Tuesday, February 4th. StockNews.com downgraded VeriSign from a “buy” rating to a “hold” rating in a research report on Monday, March 3rd. Robert W. Baird upgraded VeriSign from a “neutral” rating to an “outperform” rating and lifted their price objective for the stock from $200.00 to $250.00 in a research report on Monday, December 9th. Finally, Baird R W upgraded VeriSign from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 9th.

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.