3 days Ago By ABMN Staff
State of New Jersey Common Pension Fund D lowered its position in shares of VeriSign, Inc. ( NASDAQ:VRSN – Free Report ) by 39.9% in the second quarter, HoldingsChannel.
com reports. The firm owned 31,396 shares of the information services provider’s stock after selling 20,844 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in VeriSign were worth $5,582,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently modified their holdings of VRSN. Gilbert & Cook Inc. grew its stake in shares of VeriSign by 7.
8% during the fourth quarter. Gilbert & Cook Inc. now owns 2,311 shares of the information services provider’s stock worth $476,000 after purchasing an additional 168 shares in the last quarter.
Private Advisor Group LLC purchased a new stake in VeriSign in the fourth quarter valued at $248,000. Dimensional Fund Advisors LP lifted its position in VeriSign by 0.7% in the fourth quarter.
Dimensional Fund Advisors LP now owns 388,400 shares of the information services provider’s stock valued at $79,996,000 after acquiring an additional 2,521 shares during the last quarter. Avantax Advisory Services Inc. purchased a new stake in VeriSign in the fourth quarter valued at $264,000.
Finally, Norges Bank purchased a new stake in VeriSign in the fourth quarter valued at $207,161,000. Institutional investors and hedge funds own 92.90% of the company’s stock.
Analyst Upgrades and Downgrades VRSN has been the subject of a number of research reports. Robert W. Baird reissued a “neutral” rating and issued a $200.
00 price target on shares of VeriSign in a research report 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.
Insider Activity 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 completion of the sale, the executive vice president now directly owns 37,774 shares of the company’s stock, valued at $7,177,060.
The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link . Corporate insiders own 0.84% of the company’s stock.
VeriSign Stock Performance Shares of NASDAQ:VRSN opened at $182.81 on Monday. The company has a 50-day simple moving average of $179.
97 and a 200-day simple moving average of $180.66. VeriSign, Inc.
has a one year low of $167.04 and a one year high of $220.91.
The stock has a market capitalization of $17.84 billion, a price-to-earnings ratio of 22.46 and a beta of 0.
90. VeriSign ( NASDAQ:VRSN – Get Free Report ) last announced its earnings results on Thursday, July 25th. The information services provider reported $2.
01 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 business had revenue of $387.10 million during the quarter, compared to analysts’ expectations of $385.80 million.
During the same period in the prior year, the company earned $1.79 earnings per share. The business’s revenue was up 4.
1% compared to the same quarter last year. 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. Featured Stories Want to see what other hedge funds are holding VRSN? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for VeriSign, Inc. ( NASDAQ:VRSN – Free Report ). Receive News & Ratings for VeriSign Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for VeriSign and related companies with MarketBeat.
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