Wellington Management Group LLP Has $165.62 Million Stake in VeriSign, Inc. (NASDAQ:VRSN)

Wellington Management Group LLP trimmed its position in shares of VeriSign, Inc. (NASDAQ:VRSN) by 51.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 804,156 shares of the information services provider’s stock after selling 853,847 shares during the quarter. Wellington Management Group LLP owned approximately 0.79% of VeriSign worth $165,624,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in VRSN. Cary Street Partners Investment Advisory LLC lifted its holdings in VeriSign by 52.0% in the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 152 shares of the information services provider’s stock worth $31,000 after purchasing an additional 52 shares during the last quarter. Baldwin Brothers LLC MA lifted its holdings in VeriSign by 158.6% in the 4th quarter. Baldwin Brothers LLC MA now owns 181 shares of the information services provider’s stock worth $37,000 after purchasing an additional 111 shares during the last quarter. Quarry LP acquired a new stake in VeriSign in the 4th quarter worth approximately $76,000. Neo Ivy Capital Management acquired a new stake in VeriSign in the 4th quarter worth approximately $77,000. Finally, CX Institutional acquired a new stake in VeriSign in the 4th quarter worth approximately $79,000. 92.90% of the stock is currently owned by institutional investors and hedge funds.

VeriSign Stock Down 0.1 %

Shares of NASDAQ VRSN opened at $178.20 on Thursday. The business’s 50 day moving average is $176.19 and its two-hundred day moving average is $190.95. The company has a market cap of $17.75 billion, a P/E ratio of 21.89 and a beta of 0.91. VeriSign, Inc. has a 12 month low of $167.04 and a 12 month high of $226.80.

VeriSign (NASDAQ:VRSN) last issued its quarterly earnings results on Thursday, April 25th. The information services provider reported $1.92 EPS for the quarter, topping the consensus estimate of $1.86 by $0.06. The company had revenue of $384.30 million for the quarter, compared to the consensus estimate of $381.85 million. VeriSign had a negative return on equity of 47.21% and a net margin of 55.04%. The company’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same period in the previous year, the business posted $1.70 EPS.

Insider Activity at VeriSign

In related news, Director Yehuda Ari Buchalter sold 866 shares of the company’s stock in a transaction on Thursday, May 9th. The stock was sold at an average price of $170.01, for a total value of $147,228.66. Following the completion of the transaction, the director now directly owns 3,661 shares in the company, valued at $622,406.61. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, Director Yehuda Ari Buchalter sold 866 shares of the company’s stock in a transaction on Thursday, May 9th. The stock was sold at an average price of $170.01, for a total value of $147,228.66. Following the completion of the transaction, the director now directly owns 3,661 shares in the company, valued at $622,406.61. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Danny R. Mcpherson sold 1,200 shares of the company’s stock in a transaction on Friday, May 17th. The shares were sold at an average price of $170.14, for a total value of $204,168.00. Following the completion of the transaction, the executive vice president now owns 29,181 shares of the company’s stock, valued at $4,964,855.34. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 3,295 shares of company stock worth $584,887. 0.84% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on VRSN shares. StockNews.com lowered VeriSign from a “buy” rating to a “hold” rating in a report on Sunday. Robert W. Baird dropped their price target on VeriSign from $215.00 to $200.00 and set a “neutral” rating on the stock in a research report on Friday, April 26th. Finally, Citigroup dropped their price target on VeriSign from $237.00 to $236.00 and set a “buy” rating on the stock in a research report on Tuesday, April 2nd.

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.