Allspring Global Investments Holdings LLC Sells 45,480 Shares of VeriSign, Inc. (NASDAQ:VRSN)

Allspring Global Investments Holdings LLC reduced its position in VeriSign, Inc. (NASDAQ:VRSN - Free Report) by 31.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 96,912 shares of the information services provider's stock after selling 45,480 shares during the period. Allspring Global Investments Holdings LLC owned about 0.10% of VeriSign worth $17,231,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. CWM LLC lifted its stake in shares of VeriSign by 2.1% in the fourth quarter. CWM LLC now owns 2,960 shares of the information services provider's stock worth $610,000 after buying an additional 60 shares during the last quarter. ProShare Advisors LLC raised its stake in VeriSign by 0.3% during 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. V Square Quantitative Management LLC raised its stake in VeriSign by 7.2% during 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. Equitable Trust Co. raised its stake in 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 raised its stake in 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 Transactions at VeriSign

In other news, EVP Thomas C. Indelicarto sold 3,684 shares of the company's stock in a transaction dated Monday, July 29th. The shares were sold at an average price of $190.00, for a total value of $699,960.00. Following the sale, the executive vice president now owns 37,774 shares of the company's stock, valued at approximately $7,177,060. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.84% of the stock is owned by insiders.

VeriSign Stock Up 0.4 %

VeriSign stock traded up $0.81 on Thursday, hitting $182.00. The company's stock had a trading volume of 255,209 shares, compared to its average volume of 672,911. The firm has a market cap of $17.76 billion, a P/E ratio of 22.36 and a beta of 0.90. The company has a fifty day moving average price of $178.81 and a 200-day moving average price of $181.74. VeriSign, Inc. has a one year low of $167.04 and a one year high of $220.91.

VeriSign (NASDAQ:VRSN - Get Free Report) last posted its earnings results 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 business had revenue of $387.10 million for the quarter, compared to analyst estimates of $385.80 million. During the same quarter in the prior year, the firm earned $1.79 EPS. The firm's quarterly revenue was up 4.1% compared to the same quarter last year.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. StockNews.com cut shares of 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 issued a $200.00 price target on shares of VeriSign in a report on Thursday, June 27th.

VeriSign Company 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.