Soroban Capital Partners LP Has $100.58 Million Holdings in VeriSign, Inc. (NASDAQ:VRSN)

Soroban Capital Partners LP increased its position in shares of VeriSign, Inc. (NASDAQ:VRSN - Free Report) by 8.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 485,997 shares of the information services provider's stock after buying an additional 36,328 shares during the period. VeriSign accounts for approximately 1.3% of Soroban Capital Partners LP's holdings, making the stock its 19th biggest position. Soroban Capital Partners LP owned about 0.51% of VeriSign worth $100,582,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Allspring Global Investments Holdings LLC boosted its holdings in 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 period. Truist Financial Corp boosted its holdings in 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 period. Berkshire Hathaway Inc boosted its holdings in VeriSign by 3.6% in the 4th quarter. Berkshire Hathaway Inc now owns 13,271,457 shares of the information services provider's stock valued at $2,746,661,000 after purchasing an additional 455,844 shares during the period. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund bought a new stake in VeriSign in the 4th quarter valued at $600,000. Finally, Merit Financial Group LLC bought a new stake in VeriSign in the 4th quarter valued at $989,000. 92.90% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms have recently commented on VRSN. Robert W. Baird raised their price objective on shares of VeriSign from $275.00 to $285.00 and gave the stock an "outperform" rating in a report on Friday, April 25th. Citigroup raised their price objective 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. Finally, Wall Street Zen upgraded shares of VeriSign from a "hold" rating to a "buy" rating in a research report on Saturday, April 12th.

Insider Buying and Selling

In other news, CEO D James Bidzos sold 5,000 shares of the company's stock in a transaction that occurred on Tuesday, May 20th. The shares were sold at an average price of $280.40, for a total value of $1,402,000.00. Following the completion of the transaction, the chief executive officer now owns 553,625 shares in the company, valued at $155,236,450. This represents a 0.90% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP John Calys sold 400 shares of the company's stock in a transaction that occurred on Friday, May 2nd. The shares were sold at an average price of $281.97, for a total transaction of $112,788.00. Following the completion of the transaction, the senior vice president now owns 23,335 shares of the company's stock, valued at $6,579,769.95. This trade represents a 1.69% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 8,447 shares of company stock valued at $2,349,974 in the last 90 days. 0.84% of the stock is owned by insiders.

VeriSign Trading Up 0.3%

Shares of NASDAQ:VRSN traded up $0.78 during trading on Thursday, hitting $281.86. 907,858 shares of the company's stock were exchanged, compared to its average volume of 755,672. VeriSign, Inc. has a 1-year low of $168.79 and a 1-year high of $288.95. The firm has a 50-day moving average price of $259.27 and a two-hundred day moving average price of $225.95. The firm has a market cap of $26.47 billion, a P/E ratio of 35.23 and a beta of 0.80.

VeriSign (NASDAQ:VRSN - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The information services provider reported $2.10 EPS for the quarter, hitting the consensus estimate of $2.10. VeriSign had a net margin of 50.47% and a negative return on equity of 43.01%. The company had revenue of $402.30 million during the quarter, compared to analysts' expectations of $400.44 million. During the same quarter in the previous year, the company earned $1.92 EPS. VeriSign's revenue was up 4.7% on a year-over-year basis.

VeriSign Announces Dividend

The company also recently disclosed a -- dividend, which will be paid on Wednesday, May 28th. Investors of record on Monday, May 19th will be paid a dividend of $0.77 per share. The ex-dividend date of this dividend is Monday, May 19th. VeriSign's payout ratio is 37.65%.

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.