New York State Teachers Retirement System Has $13.41 Million Stock Holdings in VeriSign, Inc. (NASDAQ:VRSN)

New York State Teachers Retirement System lowered its stake in VeriSign, Inc. (NASDAQ:VRSN) by 7.8% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 75,415 shares of the information services provider’s stock after selling 6,360 shares during the quarter. New York State Teachers Retirement System owned about 0.08% of VeriSign worth $13,409,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Fifth Third Bancorp grew its position in shares of VeriSign by 5.6% during the 2nd quarter. Fifth Third Bancorp now owns 3,988 shares of the information services provider’s stock worth $709,000 after buying an additional 211 shares during the period. Pallas Capital Advisors LLC acquired a new stake in VeriSign in the second quarter worth $576,000. Riverwater Partners LLC bought a new position in shares of VeriSign during the second quarter worth $226,000. Raymond James & Associates raised its stake in VeriSign by 15.3% during the 2nd quarter. Raymond James & Associates now owns 28,569 shares of the information services provider’s stock worth $5,080,000 after buying an additional 3,790 shares during the period. Finally, Gladius Capital Management LP lifted its holdings in VeriSign by 7.9% during the second quarter. Gladius Capital Management LP now owns 5,953 shares of the information services provider’s stock worth $1,058,000 after acquiring an additional 435 shares in the last quarter. 92.90% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. StockNews.com cut VeriSign from a “buy” rating to a “hold” rating in a report on Sunday, June 16th. Robert W. Baird reiterated a “neutral” rating and issued a $200.00 price target on shares of VeriSign in a report on Thursday, June 27th.

VeriSign Price Performance

VRSN stock opened at $179.32 on Friday. The stock has a market capitalization of $17.86 billion, a P/E ratio of 22.03 and a beta of 0.90. VeriSign, Inc. has a fifty-two week low of $167.04 and a fifty-two week high of $220.91. The business has a 50-day moving average of $178.62 and a 200-day moving average of $182.24.

VeriSign (NASDAQ:VRSN) last issued its quarterly earnings results on Thursday, July 25th. The information services provider reported $2.01 earnings per share for the quarter, topping the consensus estimate of $1.93 by $0.08. VeriSign had a net margin of 55.40% and a negative return on equity of 46.63%. The company had revenue of $387.10 million during the quarter, compared to analysts’ expectations of $385.80 million. During the same period last year, the business earned $1.79 EPS. The business’s quarterly revenue was up 4.1% on a year-over-year basis.

Insider Activity

In related news, EVP Thomas C. Indelicarto sold 3,684 shares of VeriSign stock in a transaction dated Monday, July 29th. The stock was sold at an average price of $190.00, for a total value of $699,960.00. Following the sale, the executive vice president now owns 37,774 shares of the company’s stock, valued at $7,177,060. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.84% of the stock is owned by corporate insiders.

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.