Atlantic Union Bankshares Corp Increases Position in VeriSign, Inc. (NASDAQ:VRSN)

Atlantic Union Bankshares Corp raised its position in VeriSign, Inc. (NASDAQ:VRSN) by 0.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 11,053 shares of the information services provider’s stock after purchasing an additional 79 shares during the period. Atlantic Union Bankshares Corp’s holdings in VeriSign were worth $2,288,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Nordea Investment Management AB increased its position in shares of VeriSign by 544.1% in the 4th quarter. Nordea Investment Management AB now owns 391,319 shares of the information services provider’s stock valued at $81,003,000 after purchasing an additional 330,561 shares during the last quarter. Birch Capital Management LLC increased its position in shares of VeriSign by 3,996.0% in the 4th quarter. Birch Capital Management LLC now owns 4,096 shares of the information services provider’s stock valued at $848,000 after purchasing an additional 3,996 shares during the last quarter. Allspring Global Investments Holdings LLC increased its position in shares of VeriSign by 322.2% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 261,526 shares of the information services provider’s stock valued at $53,639,000 after purchasing an additional 199,583 shares during the last quarter. Truist Financial Corp increased its position in shares of VeriSign by 12.2% in the 4th quarter. Truist Financial Corp now owns 20,462 shares of the information services provider’s stock valued at $4,235,000 after purchasing an additional 2,218 shares during the last quarter. Finally, MML Investors Services LLC increased its position in shares of 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 purchasing an additional 10,045 shares during the last quarter. 92.90% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related 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 transaction 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 represents a 1.85 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.84% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of research analysts recently commented on VRSN shares. Citigroup increased their target price on shares of VeriSign from $246.00 to $250.00 and gave the company a “buy” rating in a research report on Tuesday, February 4th. StockNews.com downgraded shares of VeriSign from a “buy” rating to a “hold” rating in a research report on Monday, March 3rd. Baird R W raised shares of VeriSign from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 9th. Finally, Robert W. Baird raised shares of VeriSign from a “neutral” rating to an “outperform” rating and increased their target price for the company from $200.00 to $250.00 in a research report on Monday, December 9th.

VeriSign Price Performance

NASDAQ VRSN opened at $240.47 on Friday. The firm’s fifty day moving average price is $220.26 and its 200 day moving average price is $198.24. The company has a market capitalization of $22.75 billion, a price-to-earnings ratio of 30.06 and a beta of 0.87. VeriSign, Inc. has a 12 month low of $167.04 and a 12 month high of $242.23.

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

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.