Vanguard Personalized Indexing Management LLC Increases Position in VeriSign, Inc. (NASDAQ:VRSN)

Vanguard Personalized Indexing Management LLC boosted its holdings in VeriSign, Inc. (NASDAQ:VRSN) by 11.3% in the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 13,488 shares of the information services provider’s stock after purchasing an additional 1,365 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in VeriSign were worth $2,367,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of VRSN. Blue Trust Inc. raised its position in shares of VeriSign by 291.1% in the 2nd quarter. Blue Trust Inc. now owns 176 shares of the information services provider’s stock valued at $33,000 after purchasing an additional 131 shares in the last quarter. UMB Bank n.a. raised its holdings in VeriSign by 117.2% in the second quarter. UMB Bank n.a. now owns 202 shares of the information services provider’s stock valued at $36,000 after acquiring an additional 109 shares in the last quarter. Rothschild Investment LLC bought a new position in VeriSign during the 2nd quarter valued at $38,000. Migdal Insurance & Financial Holdings Ltd. acquired a new position in VeriSign during the 2nd quarter worth $39,000. Finally, Versant Capital Management Inc grew its holdings in VeriSign by 55.7% during the 2nd quarter. Versant Capital Management Inc now owns 327 shares of the information services provider’s stock worth $58,000 after acquiring an additional 117 shares in the last quarter. Institutional investors and hedge funds own 92.90% of the company’s stock.

Insider Activity at VeriSign

In other VeriSign news, EVP Thomas C. Indelicarto sold 3,684 shares of the stock in a transaction on Monday, July 29th. The stock was sold at an average price of $190.00, for a total value of $699,960.00. Following 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. Insiders own 0.84% of the company’s stock.

VeriSign Stock Performance

VeriSign stock opened at $181.22 on Friday. VeriSign, Inc. has a 1 year low of $167.04 and a 1 year high of $220.91. The firm’s 50-day moving average is $180.59 and its 200-day moving average is $180.41. The company has a market cap of $17.69 billion, a P/E ratio of 22.26 and a beta of 0.90.

VeriSign (NASDAQ:VRSN) last issued 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. The company had revenue of $387.10 million during the quarter, compared to the consensus estimate of $385.80 million. VeriSign had a negative return on equity of 46.63% and a net margin of 55.40%. VeriSign’s quarterly revenue was up 4.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.79 earnings per share.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. StockNews.com lowered VeriSign from a “buy” rating to a “hold” rating in a report on Sunday, June 16th. Robert W. Baird reiterated a “neutral” rating and issued a $200.00 target price on shares of VeriSign in a research 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.