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Global X Japan Co. Ltd. Buys 4,666 Shares of VeriSign, Inc. $VRSN
Global X Japan Co. Ltd. significantly increased its stake in VeriSign, Inc. (NASDAQ:VRSN) by 401.9% in the fourth quarter, purchasing an additional 4,666 shares and bringing its total holdings to 5,827 shares valued at $1,416,000. Other institutional investors also adjusted their positions in VeriSign, which recently reported slightly mixed quarterly earnings, missed analyst EPS estimates by ($0.06), but beat revenue estimates, and increased its quarterly dividend. The company’s stock currently holds a “Hold” consensus rating from analysts with an average price target of $292.00, and institutional investors and hedge funds combined own 92.90% of the stock.