361 Capital LLC raised its holdings in shares of VeriSign, Inc. (NASDAQ:VRSN) by 68.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 102,664 shares of the information services provider’s stock after acquiring an additional 41,687 shares during the period. VeriSign comprises approximately 1.6% of 361 Capital LLC’s portfolio, making the stock its 5th biggest holding. 361 Capital LLC owned about 0.10% of VeriSign worth $9,544,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also modified their holdings of the company. BlackRock Inc. grew its holdings in shares of VeriSign by 1,765.9% in the first quarter. BlackRock Inc. now owns 7,706,691 shares of the information services provider’s stock worth $671,330,000 after purchasing an additional 7,293,666 shares during the last quarter. Eqis Capital Management Inc. bought a new position in shares of VeriSign in the second quarter worth approximately $350,000. Virtu Financial LLC bought a new position in shares of VeriSign in the second quarter worth approximately $211,000. Vanguard Group Inc. grew its holdings in shares of VeriSign by 0.7% in the first quarter. Vanguard Group Inc. now owns 8,489,961 shares of the information services provider’s stock worth $739,561,000 after purchasing an additional 58,352 shares during the last quarter. Finally, Federated Investors Inc. PA grew its holdings in shares of VeriSign by 27.4% in the second quarter. Federated Investors Inc. PA now owns 15,972 shares of the information services provider’s stock worth $1,484,000 after purchasing an additional 3,435 shares during the last quarter.
In other VeriSign news, Director Timothy Tomlinson sold 1,240 shares of the business’s stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $101.00, for a total transaction of $125,240.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Kathleen A. Cote sold 1,500 shares of the business’s stock in a transaction that occurred on Tuesday, August 22nd. The stock was sold at an average price of $99.94, for a total value of $149,910.00. Following the transaction, the director now owns 38,294 shares in the company, valued at approximately $3,827,102.36. The disclosure for this sale can be found here. 0.92% of the stock is owned by corporate insiders.
VeriSign, Inc. (VRSN) traded up 0.81% during midday trading on Wednesday, reaching $109.43. The company had a trading volume of 215,210 shares. VeriSign, Inc. has a 1-year low of $75.15 and a 1-year high of $110.82. The firm has a 50-day moving average of $105.32 and a 200 day moving average of $96.32. The company has a market capitalization of $10.93 billion, a P/E ratio of 29.83 and a beta of 1.19.
VeriSign (NASDAQ:VRSN) last posted its earnings results on Thursday, July 27th. The information services provider reported $1.05 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.99 by $0.06. VeriSign had a negative return on equity of 36.99% and a net margin of 39.92%. The business had revenue of $289.00 million during the quarter, compared to the consensus estimate of $287.47 million. During the same period in the previous year, the business earned $0.91 EPS. The business’s quarterly revenue was up .9% on a year-over-year basis. On average, equities research analysts forecast that VeriSign, Inc. will post $3.97 EPS for the current year.
A number of analysts recently commented on VRSN shares. Robert W. Baird set a $105.00 price target on VeriSign and gave the stock a “hold” rating in a research note on Friday, October 6th. Cowen and Company reissued a “market perform” rating and set a $94.00 price objective on shares of VeriSign in a research report on Monday, July 3rd. BidaskClub raised VeriSign from a “buy” rating to a “strong-buy” rating in a research report on Thursday, June 22nd. Finally, Zacks Investment Research downgraded VeriSign from a “hold” rating to a “sell” rating in a report on Wednesday, August 2nd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $99.50.
VeriSign Company Profile
VeriSign, Inc is a provider of domain name registry services and Internet security. The Company operates through Registry Services and Security Services segment. Registry Services ensure the security, stability and resiliency of Internet infrastructure and services, including the .com and .net domains, and operation of the root-zone maintainer functions for the core of the Internet’s Domain Name System (DNS).
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