NN Investment Partners Holdings N.V. Trims Stake in VeriSign, Inc. (NASDAQ:VRSN)

NN Investment Partners Holdings N.V. lowered its position in VeriSign, Inc. (NASDAQ:VRSN) by 22.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 53,120 shares of the information services provider’s stock after selling 15,463 shares during the quarter. NN Investment Partners Holdings N.V.’s holdings in VeriSign were worth $10,889,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Macquarie Group Ltd. grew its holdings in shares of VeriSign by 53,419.2% in the second quarter. Macquarie Group Ltd. now owns 1,005,625 shares of the information services provider’s stock worth $228,971,000 after purchasing an additional 1,003,746 shares during the last quarter. Border to Coast Pensions Partnership Ltd bought a new position in shares of VeriSign in the second quarter worth about $79,125,250,000. Capital International Investors grew its holdings in shares of VeriSign by 7.1% in the second quarter. Capital International Investors now owns 5,797,927 shares of the information services provider’s stock worth $1,320,130,000 after purchasing an additional 383,991 shares during the last quarter. Ninety One UK Ltd grew its holdings in shares of VeriSign by 11.1% in the third quarter. Ninety One UK Ltd now owns 3,641,886 shares of the information services provider’s stock worth $746,623,000 after purchasing an additional 364,653 shares during the last quarter. Finally, FMR LLC grew its holdings in shares of VeriSign by 103.7% in the second quarter. FMR LLC now owns 638,620 shares of the information services provider’s stock worth $145,407,000 after purchasing an additional 325,175 shares during the last quarter. 90.22% of the stock is currently owned by institutional investors and hedge funds.

A number of research firms have recently commented on VRSN. Zacks Investment Research cut shares of VeriSign from a “hold” rating to a “sell” rating and set a $226.00 price target on the stock. in a report on Wednesday, October 20th. Robert W. Baird reiterated a “buy” rating and set a $259.00 target price on shares of VeriSign in a report on Friday, October 29th.

Shares of VeriSign stock opened at $226.48 on Friday. VeriSign, Inc. has a 1 year low of $184.60 and a 1 year high of $257.03. The firm’s 50-day moving average is $242.12 and its two-hundred day moving average is $226.54. The stock has a market cap of $25.16 billion, a price-to-earnings ratio of 41.79 and a beta of 0.86.

VeriSign (NASDAQ:VRSN) last released its quarterly earnings results on Thursday, October 28th. The information services provider reported $1.40 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.35 by $0.05. The business had revenue of $334.24 million during the quarter, compared to analyst estimates of $332.02 million. VeriSign had a net margin of 46.81% and a negative return on equity of 43.49%. The company’s quarterly revenue was up 5.1% on a year-over-year basis. During the same period in the prior year, the firm posted $1.49 earnings per share. Research analysts predict that VeriSign, Inc. will post 5.43 earnings per share for the current year.

In other VeriSign news, COO Todd B. Strubbe sold 3,000 shares of the stock in a transaction dated Wednesday, November 3rd. The shares were sold at an average price of $224.82, for a total transaction of $674,460.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Thomas C. Indelicarto sold 613 shares of the stock in a transaction that occurred on Tuesday, November 2nd. The shares were sold at an average price of $223.70, for a total transaction of $137,128.10. The disclosure for this sale can be found here. Over the last three months, insiders have sold 45,781 shares of company stock valued at $10,784,147. Insiders own 1.27% of the company’s stock.

VeriSign Company Profile

VeriSign, Inc provides domain name registry services and Internet infrastructure, which enables Internet navigation for many of the world’s most recognized domain names. It enables the security, stability, and resiliency of key Internet infrastructure and services, including providing root zone maintainer services.

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Institutional Ownership by Quarter for VeriSign (NASDAQ:VRSN)

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