Atlas Capital Advisors LLC Takes Position in Verisign, Inc. (NASDAQ:VRSN)
Atlas Capital Advisors LLC purchased a new stake in Verisign, Inc. (NASDAQ:VRSN) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 282 shares of the information services provider’s stock, valued at approximately $53,000.
Several other hedge funds and other institutional investors also recently made changes to their positions in VRSN. Liberty Wealth Management LLC purchased a new position in shares of Verisign in the second quarter valued at $25,000. HM Payson & Co. purchased a new position in shares of Verisign in the second quarter valued at $25,000. AGF Investments LLC grew its position in shares of Verisign by 102.9% in the second quarter. AGF Investments LLC now owns 138 shares of the information services provider’s stock valued at $29,000 after purchasing an additional 70 shares in the last quarter. Capital Investment Advisory Services LLC purchased a new position in shares of Verisign in the second quarter valued at $29,000. Finally, Advisory Services Network LLC grew its position in shares of Verisign by 98.9% in the second quarter. Advisory Services Network LLC now owns 181 shares of the information services provider’s stock valued at $38,000 after purchasing an additional 90 shares in the last quarter. Institutional investors own 92.44% of the company’s stock.
NASDAQ:VRSN opened at $183.79 on Friday. The firm has a market capitalization of $21.90 billion, a price-to-earnings ratio of 38.69 and a beta of 1.04. Verisign, Inc. has a 52-week low of $138.77 and a 52-week high of $221.78. The stock has a fifty day moving average of $186.78 and a 200 day moving average of $199.57.
In related news, Director Timothy Tomlinson sold 295 shares of Verisign stock in a transaction on Tuesday, October 29th. The stock was sold at an average price of $190.57, for a total transaction of $56,218.15. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.20% of the stock is currently owned by company insiders.
Several equities research analysts recently issued reports on VRSN shares. BidaskClub lowered Verisign from a “buy” rating to a “hold” rating in a research note on Tuesday. Robert W. Baird lifted their price objective on Verisign from $210.00 to $240.00 and gave the company an “outperform” rating in a research note on Friday, July 26th. ValuEngine lowered Verisign from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. Finally, Zacks Investment Research raised Verisign from a “hold” rating to a “buy” rating and set a $201.00 price objective for the company in a research note on Sunday, November 3rd. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Verisign has a consensus rating of “Hold” and an average price target of $212.00.
VeriSign, Inc provides domain name registry services and Internet infrastructure in the United States and internationally. The company offers registry services that operate the authoritative directory of and/or the back-end systems for .com, .net, .cc, .tv, .gov, .jobs, .edu, .name, and other domain names.
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