VeriSign, Inc. (NASDAQ:VRSN) Shares Sold by Toronto Dominion Bank

Toronto Dominion Bank lessened its holdings in VeriSign, Inc. (NASDAQ:VRSN - Free Report) by 46.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 29,682 shares of the information services provider's stock after selling 25,268 shares during the period. Toronto Dominion Bank's holdings in VeriSign were worth $5,277,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. ProShare Advisors LLC raised its position in shares of VeriSign by 0.3% during the 1st quarter. ProShare Advisors LLC now owns 21,513 shares of the information services provider's stock worth $4,077,000 after purchasing an additional 62 shares during the last quarter. Larson Financial Group LLC raised its holdings in shares of VeriSign by 4.0% during the second quarter. Larson Financial Group LLC now owns 1,852 shares of the information services provider's stock valued at $329,000 after acquiring an additional 71 shares during the last quarter. V Square Quantitative Management LLC lifted its position in shares of VeriSign by 7.2% in the fourth quarter. V Square Quantitative Management LLC now owns 1,098 shares of the information services provider's stock valued at $226,000 after acquiring an additional 74 shares in the last quarter. Gateway Advisory LLC boosted its stake in shares of VeriSign by 5.6% in the second quarter. Gateway Advisory LLC now owns 1,538 shares of the information services provider's stock worth $273,000 after acquiring an additional 81 shares during the last quarter. Finally, Profund Advisors LLC increased its position in shares of VeriSign by 4.8% during the second quarter. Profund Advisors LLC now owns 1,794 shares of the information services provider's stock worth $319,000 after purchasing an additional 82 shares in the last quarter. Institutional investors and hedge funds own 92.90% of the company's stock.

VeriSign Price Performance

Shares of NASDAQ:VRSN traded up $4.45 during midday trading on Friday, hitting $190.64. The company had a trading volume of 586,568 shares, compared to its average volume of 674,404. VeriSign, Inc. has a twelve month low of $167.04 and a twelve month high of $220.91. The stock has a market cap of $18.99 billion, a price-to-earnings ratio of 23.42 and a beta of 0.90. The business's 50-day simple moving average is $181.29 and its 200-day simple moving average is $180.09.

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 analysts' consensus estimates of $1.93 by $0.08. VeriSign had a negative return on equity of 46.63% and a net margin of 55.40%. The business had revenue of $387.10 million during the quarter, compared to the consensus estimate of $385.80 million. During the same period last year, the company earned $1.79 EPS. The company's revenue for the quarter was up 4.1% on a year-over-year basis.

Analyst Upgrades and Downgrades

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

Insider Buying and Selling at VeriSign

In other news, EVP Thomas C. Indelicarto sold 3,684 shares of VeriSign stock in a transaction that occurred 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 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 filing with the SEC, which can be accessed through this link. 0.84% of the stock is currently owned by company insiders.

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.