Assenagon Asset Management S.A. Has $30.12 Million Stock Position in VeriSign, Inc. (NASDAQ:VRSN)

Assenagon Asset Management S.A. trimmed its holdings in shares of VeriSign, Inc. (NASDAQ:VRSN - Free Report) by 41.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 169,421 shares of the information services provider's stock after selling 118,662 shares during the quarter. Assenagon Asset Management S.A. owned 0.17% of VeriSign worth $30,123,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. CWM LLC boosted its stake in shares of VeriSign by 2.1% in the 4th quarter. CWM LLC now owns 2,960 shares of the information services provider's stock valued at $610,000 after purchasing an additional 60 shares during the last quarter. ProShare Advisors LLC boosted its stake in shares of VeriSign by 0.3% in the 1st quarter. ProShare Advisors LLC now owns 21,513 shares of the information services provider's stock valued at $4,077,000 after purchasing an additional 62 shares during the last quarter. Desjardins Global Asset Management Inc. boosted its stake in shares of VeriSign by 1.1% in the 4th quarter. Desjardins Global Asset Management Inc. now owns 6,129 shares of the information services provider's stock valued at $1,262,000 after purchasing an additional 68 shares during the last quarter. V Square Quantitative Management LLC boosted its stake in shares of VeriSign by 7.2% in the 4th quarter. V Square Quantitative Management LLC now owns 1,098 shares of the information services provider's stock valued at $226,000 after purchasing an additional 74 shares during the last quarter. Finally, Equitable Trust Co. boosted its stake in shares of VeriSign by 1.2% in the 1st quarter. Equitable Trust Co. now owns 7,227 shares of the information services provider's stock valued at $1,370,000 after purchasing an additional 87 shares during the last quarter. 92.90% of the stock is owned by institutional investors.

VeriSign Stock Up 1.2 %

VRSN traded up $2.09 during trading on Friday, hitting $179.86. 640,302 shares of the company's stock were exchanged, compared to its average volume of 682,258. The business's 50 day moving average is $178.63 and its two-hundred day moving average is $182.79. VeriSign, Inc. has a fifty-two week low of $167.04 and a fifty-two week high of $220.91. The stock has a market cap of $17.91 billion, a P/E ratio of 22.10 and a beta of 0.90.

VeriSign (NASDAQ:VRSN - Get Free Report) last released its quarterly earnings data 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 firm had revenue of $387.10 million for the quarter, compared to the consensus estimate of $385.80 million. During the same quarter in the prior year, the company posted $1.79 earnings per share. The business's revenue was up 4.1% on a year-over-year basis.

Insiders Place Their Bets

In other VeriSign news, EVP Thomas C. Indelicarto sold 3,684 shares of the company's stock in a transaction on Monday, July 29th. The shares were sold at an average price of $190.00, for a total transaction of $699,960.00. Following the transaction, the executive vice president now owns 37,774 shares in the company, valued at $7,177,060. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 0.84% of the company's stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. StockNews.com downgraded shares of VeriSign from a "buy" rating to a "hold" rating in a research report on Sunday, June 16th. Robert W. Baird reiterated a "neutral" rating and set a $200.00 target price on shares of VeriSign in a research report on Thursday, June 27th.

About VeriSign

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.