Delta Lloyd Asset Management N.V. bought a new position in VeriSign, Inc. (NASDAQ:VRSN) in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 6,635 shares of the information services provider’s stock, valued at approximately $617,000.
A number of other large investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its position in VeriSign by 0.7% in the first quarter. Vanguard Group Inc. now owns 8,489,961 shares of the information services provider’s stock valued at $739,561,000 after purchasing an additional 58,352 shares during the last quarter. BlackRock Inc. lifted its position in VeriSign by 1,765.9% in the first quarter. BlackRock Inc. now owns 7,706,691 shares of the information services provider’s stock valued at $671,330,000 after purchasing an additional 7,293,666 shares during the last quarter. Investec Asset Management LTD lifted its position in VeriSign by 0.7% in the first quarter. Investec Asset Management LTD now owns 2,239,238 shares of the information services provider’s stock valued at $195,060,000 after purchasing an additional 15,451 shares during the last quarter. First Trust Advisors LP increased its stake in shares of VeriSign by 17.5% during the second quarter. First Trust Advisors LP now owns 1,168,079 shares of the information services provider’s stock valued at $108,585,000 after buying an additional 173,907 shares during the period. Finally, Geode Capital Management LLC increased its stake in shares of VeriSign by 7.7% during the first quarter. Geode Capital Management LLC now owns 898,546 shares of the information services provider’s stock valued at $78,163,000 after buying an additional 64,329 shares during the period.
VeriSign, Inc. (NASDAQ VRSN) opened at 104.58 on Friday. The company has a market capitalization of $10.45 billion, a P/E ratio of 28.50 and a beta of 1.18. VeriSign, Inc. has a one year low of $74.46 and a one year high of $106.18. The stock’s 50 day moving average price is $101.25 and its 200-day moving average price is $93.61.
VeriSign (NASDAQ:VRSN) last announced its quarterly earnings data on Thursday, July 27th. The information services provider reported $1.05 EPS for the quarter, beating the Zacks’ consensus estimate of $0.99 by $0.06. The firm had revenue of $289.00 million during the quarter, compared to the consensus estimate of $287.47 million. VeriSign had a net margin of 39.92% and a negative return on equity of 36.99%. The firm’s revenue was up .9% compared to the same quarter last year. During the same quarter last year, the firm earned $0.91 earnings per share. Equities analysts forecast that VeriSign, Inc. will post $3.97 EPS for the current year.
VRSN has been the topic of several research analyst reports. Zacks Investment Research cut VeriSign from a “buy” rating to a “hold” rating in a research note on Friday, May 26th. BidaskClub raised VeriSign from a “buy” rating to a “strong-buy” rating in a research note on Thursday, June 22nd. Cowen and Company reaffirmed a “market perform” rating and issued a $94.00 price target on shares of VeriSign in a research note on Monday, July 3rd. Finally, Robert W. Baird reaffirmed a “hold” rating and issued a $105.00 price target on shares of VeriSign in a research note on Thursday, August 31st. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a strong buy rating to the company’s stock. VeriSign has an average rating of “Hold” and a consensus target price of $92.75.
In related news, Director Timothy Tomlinson sold 1,240 shares of the firm’s stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $101.00, for a total value of $125,240.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Kathleen A. Cote sold 1,500 shares of VeriSign stock in a transaction that occurred on Tuesday, August 22nd. The shares were sold at an average price of $99.94, for a total transaction of $149,910.00. Following the sale, the director now owns 38,294 shares of the company’s stock, valued at $3,827,102.36. The disclosure for this sale can be found here. 0.92% of the stock is owned by company insiders.
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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