Sigma Planning Corp Has $378,000 Position in VeriSign, Inc. (NASDAQ:VRSN)

Sigma Planning Corp reduced its holdings in shares of VeriSign, Inc. (NASDAQ:VRSN) by 86.4% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,835 shares of the information services provider’s stock after selling 11,655 shares during the period. Sigma Planning Corp’s holdings in VeriSign were worth $378,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in VRSN. Cary Street Partners Investment Advisory LLC boosted its position in shares of 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 valued at $31,000 after acquiring an additional 52 shares in the last quarter. Baldwin Brothers LLC MA lifted its holdings in VeriSign by 158.6% during the 4th quarter. Baldwin Brothers LLC MA now owns 181 shares of the information services provider’s stock valued at $37,000 after purchasing an additional 111 shares during the last quarter. UMB Bank n.a. lifted its holdings in VeriSign by 91.7% during the 3rd quarter. UMB Bank n.a. now owns 347 shares of the information services provider’s stock valued at $70,000 after purchasing an additional 166 shares during the last quarter. Larson Financial Group LLC lifted its holdings in VeriSign by 251.5% during the 3rd quarter. Larson Financial Group LLC now owns 355 shares of the information services provider’s stock valued at $72,000 after purchasing an additional 254 shares during the last quarter. Finally, CX Institutional bought a new position in VeriSign during the 4th quarter valued at about $79,000. 92.90% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts recently issued reports on the stock. Robert W. Baird cut their price target on shares of VeriSign from $215.00 to $200.00 and set a “neutral” rating for the company in a report on Friday. Citigroup cut their price target on shares of VeriSign from $237.00 to $236.00 and set a “buy” rating for the company in a report on Tuesday, April 2nd. Finally, StockNews.com downgraded shares of VeriSign from a “buy” rating to a “hold” rating in a report on Wednesday, April 3rd.

VeriSign Trading Down 3.9 %

Shares of NASDAQ VRSN opened at $175.48 on Friday. VeriSign, Inc. has a 1-year low of $174.51 and a 1-year high of $229.72. The company has a market cap of $17.57 billion, a PE ratio of 21.56 and a beta of 0.88. The company has a 50-day moving average of $189.29 and a two-hundred day moving average of $200.03.

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

Insider Transactions at VeriSign

In other news, EVP Danny R. Mcpherson sold 2,875 shares of VeriSign stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $194.19, for a total transaction of $558,296.25. Following the completion of the sale, the executive vice president now owns 30,895 shares in the company, valued at approximately $5,999,500.05. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other news, EVP Danny R. Mcpherson sold 2,875 shares of VeriSign stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $194.19, for a total transaction of $558,296.25. Following the completion of the sale, the executive vice president now owns 30,895 shares in the company, valued at approximately $5,999,500.05. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Thomas C. Indelicarto sold 613 shares of VeriSign stock in a transaction that occurred on Tuesday, February 6th. The stock was sold at an average price of $199.05, for a total transaction of $122,017.65. Following the sale, the executive vice president now owns 34,816 shares of the company’s stock, valued at approximately $6,930,124.80. The disclosure for this sale can be found here. Insiders sold a total of 14,877 shares of company stock worth $2,878,864 in the last quarter. 0.94% of the stock is owned by company insiders.

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.