VeriSign, Inc. (NASDAQ:VRSN) Shares Sold by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC trimmed its stake in VeriSign, Inc. (NASDAQ:VRSN - Free Report) by 12.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 26,119 shares of the information services provider's stock after selling 3,658 shares during the period. Nisa Investment Advisors LLC's holdings in VeriSign were worth $4,644,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of VRSN. CWM LLC raised its holdings in shares of VeriSign by 2.1% during the 4th quarter. CWM LLC now owns 2,960 shares of the information services provider's stock valued at $610,000 after buying an additional 60 shares in the last quarter. ProShare Advisors LLC lifted its holdings 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 worth $4,077,000 after acquiring an additional 62 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 in the last quarter. Equitable Trust Co. grew its holdings in shares of VeriSign by 1.2% during 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. Finally, Empirical Finance LLC grew its holdings in shares of VeriSign by 3.4% during the 1st quarter. Empirical Finance LLC now owns 3,274 shares of the information services provider's stock valued at $620,000 after purchasing an additional 108 shares during the last quarter. 92.90% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at VeriSign

In other VeriSign news, EVP Thomas C. Indelicarto sold 3,684 shares of the business's stock in a transaction dated Monday, July 29th. The stock was sold at an average price of $190.00, for a total transaction of $699,960.00. Following the completion of 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 filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.84% of the company's stock.

VeriSign Trading Down 2.2 %

NASDAQ:VRSN traded down $3.98 during trading hours on Tuesday, reaching $178.83. 686,047 shares of the company traded hands, compared to its average volume of 683,387. The business's 50-day moving average price is $178.62 and its two-hundred day moving average price is $182.41. VeriSign, Inc. has a 1 year low of $167.04 and a 1 year high of $220.91. The stock has a market capitalization of $17.45 billion, a P/E ratio of 21.97 and a beta of 0.90.

VeriSign (NASDAQ:VRSN - Get Free Report) last issued its earnings results on Thursday, July 25th. The information services provider reported $2.01 earnings per share (EPS) 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 business had revenue of $387.10 million during the quarter, compared to analysts' expectations of $385.80 million. During the same period in the previous year, the company earned $1.79 earnings per share. The business's revenue for the quarter was up 4.1% compared to the same quarter last year.

Analysts Set New Price Targets

VRSN has been the subject of a number of analyst reports. StockNews.com lowered VeriSign from a "buy" rating to a "hold" rating in a research note on Sunday, June 16th. Robert W. Baird reissued a "neutral" rating and set a $200.00 price target on shares of VeriSign in a research report on Thursday, June 27th.

VeriSign 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.