TD Asset Management Inc Has $117.38 Million Holdings in VeriSign, Inc. (NASDAQ:VRSN)

TD Asset Management Inc lifted its position in shares of VeriSign, Inc. (NASDAQ:VRSN - Free Report) by 2.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 660,191 shares of the information services provider's stock after purchasing an additional 17,018 shares during the period. TD Asset Management Inc owned about 0.66% of VeriSign worth $117,382,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in VRSN. Gilbert & Cook Inc. lifted its holdings in VeriSign by 7.8% during the 4th quarter. Gilbert & Cook Inc. now owns 2,311 shares of the information services provider's stock worth $476,000 after buying an additional 168 shares during the period. National Bank of Canada FI lifted its stake in shares of VeriSign by 60.2% in the fourth quarter. National Bank of Canada FI now owns 55,674 shares of the information services provider's stock worth $11,222,000 after acquiring an additional 20,931 shares during the period. Private Advisor Group LLC bought a new stake in VeriSign in the fourth quarter valued at approximately $248,000. Charles Schwab Investment Management Inc. increased its position in VeriSign by 0.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 462,829 shares of the information services provider's stock valued at $95,324,000 after purchasing an additional 2,706 shares during the period. Finally, Principal Securities Inc. bought a new position in VeriSign during the 4th quarter worth approximately $382,000. Institutional investors and hedge funds own 92.90% of the company's stock.

Analyst Ratings Changes

A number of research firms have recently commented on VRSN. Robert W. Baird reaffirmed a "neutral" rating and issued a $200.00 price objective on shares of VeriSign in a research note on Thursday, June 27th. StockNews.com cut shares of VeriSign from a "buy" rating to a "hold" rating in a research report on Sunday, June 16th.

VeriSign Stock Down 0.9 %

VRSN traded down $1.60 during trading on Friday, hitting $181.84. The company's stock had a trading volume of 528,658 shares, compared to its average volume of 669,692. The firm has a market capitalization of $17.75 billion, a P/E ratio of 22.54 and a beta of 0.90. VeriSign, Inc. has a twelve month low of $167.04 and a twelve month high of $220.91. The stock's fifty day moving average price is $179.32 and its 200-day moving average price is $181.35.

VeriSign (NASDAQ:VRSN - Get Free Report) last released its earnings results on Thursday, July 25th. The information services provider reported $2.01 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.93 by $0.08. VeriSign had a net margin of 55.40% and a negative return on equity of 46.63%. The company had revenue of $387.10 million for the quarter, compared to the consensus estimate of $385.80 million. During the same quarter in the previous year, the company earned $1.79 EPS. VeriSign's quarterly revenue was up 4.1% compared to the same quarter last year.

Insider Activity

In related news, EVP Thomas C. Indelicarto sold 3,684 shares of the company's stock in a transaction that occurred on Monday, July 29th. The stock was sold at an average price of $190.00, for a total transaction of $699,960.00. Following the transaction, the executive vice president now directly owns 37,774 shares of the company's stock, valued at approximately $7,177,060. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 0.84% of the stock is currently owned by company insiders.

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.