DRW Securities LLC Makes New $245,000 Investment in VeriSign, Inc. (NASDAQ:VRSN)

DRW Securities LLC purchased a new stake in VeriSign, Inc. (NASDAQ:VRSN) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 1,182 shares of the information services provider’s stock, valued at approximately $245,000.

Other large investors have also made changes to their positions in the company. Nordea Investment Management AB increased its stake in VeriSign by 544.1% during 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 in the last quarter. Birch Capital Management LLC increased its position in shares of VeriSign by 3,996.0% during the fourth quarter. Birch Capital Management LLC now owns 4,096 shares of the information services provider’s stock worth $848,000 after acquiring an additional 3,996 shares in the last quarter. Allspring Global Investments Holdings LLC increased its position in shares of VeriSign by 322.2% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 261,526 shares of the information services provider’s stock worth $53,639,000 after acquiring an additional 199,583 shares in the last quarter. Truist Financial Corp raised its holdings in shares of VeriSign by 12.2% during the fourth quarter. Truist Financial Corp now owns 20,462 shares of the information services provider’s stock worth $4,235,000 after acquiring an additional 2,218 shares during the period. Finally, MML Investors Services LLC lifted its position in VeriSign by 602.6% in the 3rd quarter. MML Investors Services LLC now owns 11,712 shares of the information services provider’s stock valued at $2,225,000 after acquiring an additional 10,045 shares in the last quarter. Institutional investors own 92.90% of the company’s stock.

VeriSign Trading Up 1.8 %

Shares of VRSN stock opened at $247.13 on Friday. The firm’s fifty day moving average price is $238.32 and its two-hundred day moving average price is $209.68. VeriSign, Inc. has a 1 year low of $167.05 and a 1 year high of $258.67. The firm has a market capitalization of $23.38 billion, a P/E ratio of 30.89 and a beta of 0.87.

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

Analyst Ratings Changes

A number of research firms have issued reports on VRSN. Robert W. Baird increased their target price on VeriSign from $255.00 to $275.00 and gave the stock an “outperform” rating in a report on Tuesday, April 1st. Citigroup increased their price objective on VeriSign from $246.00 to $250.00 and gave the stock a “buy” rating in a report on Tuesday, February 4th. Finally, StockNews.com upgraded VeriSign from a “hold” rating to a “buy” rating in a research note on Saturday.

Insider Buying and Selling at VeriSign

In other VeriSign news, SVP John Calys sold 447 shares of the stock in a transaction on Monday, February 24th. The shares were 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 owns 23,735 shares in the company, valued at $5,500,586.25. This trade represents a 1.85 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 0.84% 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.