AustralianSuper Pty Ltd reduced its position in shares of VeriSign, Inc. (NASDAQ:VRSN - Free Report) by 70.8% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 7,727 shares of the information services provider's stock after selling 18,704 shares during the period. AustralianSuper Pty Ltd's holdings in VeriSign were worth $1,374,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Norges Bank acquired a new stake in shares of VeriSign in the fourth quarter valued at $207,161,000. TD Asset Management Inc raised its stake in shares of VeriSign by 94.7% in the first quarter. TD Asset Management Inc now owns 643,173 shares of the information services provider's stock worth $121,888,000 after acquiring an additional 312,882 shares during the last quarter. Epoch Investment Partners Inc. lifted its position in shares of VeriSign by 245.4% during the first quarter. Epoch Investment Partners Inc. now owns 334,652 shares of the information services provider's stock worth $63,420,000 after purchasing an additional 237,770 shares in the last quarter. BNP Paribas Financial Markets lifted its position in shares of VeriSign by 38.9% during the first quarter. BNP Paribas Financial Markets now owns 546,308 shares of the information services provider's stock worth $103,531,000 after purchasing an additional 153,035 shares in the last quarter. Finally, Hsbc Holdings PLC grew its stake in shares of VeriSign by 59.2% during the fourth quarter. Hsbc Holdings PLC now owns 316,132 shares of the information services provider's stock valued at $64,987,000 after purchasing an additional 117,597 shares during the last quarter. 92.90% of the stock is currently owned by institutional investors and hedge funds.
Insider Buying and Selling at VeriSign
In other VeriSign news, EVP Thomas C. Indelicarto sold 3,684 shares of the company's stock in a transaction that occurred on Monday, July 29th. The shares were sold at an average price of $190.00, for a total value 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.84% of the company's stock.
VeriSign Trading Down 0.3 %
Shares of NASDAQ:VRSN traded down $0.55 during trading on Wednesday, hitting $181.19. 395,058 shares of the company's stock were exchanged, compared to its average volume of 675,428. The firm has a market cap of $17.68 billion, a P/E ratio of 22.26 and a beta of 0.90. The firm has a 50-day moving average price of $178.81 and a two-hundred day moving average price of $181.74. VeriSign, Inc. has a 1-year low of $167.04 and a 1-year high of $220.91.
VeriSign (NASDAQ:VRSN - Get Free Report) last released its earnings results on Thursday, July 25th. The information services provider reported $2.01 EPS for the quarter, topping analysts' consensus estimates of $1.93 by $0.08. The firm had revenue of $387.10 million during the quarter, compared to analyst estimates of $385.80 million. VeriSign had a net margin of 55.40% and a negative return on equity of 46.63%. The business's quarterly revenue was up 4.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.79 EPS.
Analyst Ratings Changes
Several research analysts have issued reports on the company. StockNews.com downgraded VeriSign from a "buy" rating to a "hold" rating in a report on Sunday, June 16th. Robert W. Baird restated a "neutral" rating and set a $200.00 target price on shares of VeriSign in a research report on Thursday, June 27th.
View Our Latest Stock Report on VRSN
VeriSign Profile
(
Free Report)
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.
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