Cetera Investment Advisers Has $1.36 Million Stake in VeriSign, Inc. (NASDAQ:VRSN)

Cetera Investment Advisers grew its stake in shares of VeriSign, Inc. (NASDAQ:VRSN) by 67.5% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 7,659 shares of the information services provider’s stock after buying an additional 3,086 shares during the period. Cetera Investment Advisers’ holdings in VeriSign were worth $1,362,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Mackenzie Financial Corp raised its stake in VeriSign by 836.8% during the 2nd quarter. Mackenzie Financial Corp now owns 473,187 shares of the information services provider’s stock worth $84,133,000 after buying an additional 422,676 shares during the period. Diamond Hill Capital Management Inc. acquired a new stake in shares of VeriSign during the second quarter worth about $67,914,000. TD Asset Management Inc lifted its holdings in shares of VeriSign by 94.7% during the 1st quarter. TD Asset Management Inc now owns 643,173 shares of the information services provider’s stock valued at $121,888,000 after purchasing an additional 312,882 shares in the last quarter. AQR Capital Management LLC grew its position in shares of VeriSign by 44.5% in the 2nd quarter. AQR Capital Management LLC now owns 788,687 shares of the information services provider’s stock valued at $139,771,000 after purchasing an additional 242,884 shares during the period. Finally, Epoch Investment Partners Inc. increased its stake in VeriSign by 245.4% during the 1st quarter. Epoch Investment Partners Inc. now owns 334,652 shares of the information services provider’s stock worth $63,420,000 after purchasing an additional 237,770 shares in the last quarter. 92.90% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at VeriSign

In related news, EVP Thomas C. Indelicarto sold 2,456 shares of the business’s stock in a transaction on Friday, September 27th. The shares were sold at an average price of $190.00, for a total transaction of $466,640.00. Following the transaction, the executive vice president now directly owns 34,821 shares in the company, valued at approximately $6,615,990. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other VeriSign news, EVP Thomas C. Indelicarto sold 2,456 shares of the company’s stock in a transaction that occurred on Friday, September 27th. The stock was sold at an average price of $190.00, for a total value of $466,640.00. Following the sale, the executive vice president now owns 34,821 shares in the company, valued at $6,615,990. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Thomas C. Indelicarto sold 3,684 shares of the stock in a transaction on 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 owns 37,774 shares in the company, valued at approximately $7,177,060. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.84% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Robert W. Baird reiterated a “neutral” rating and issued a $200.00 price target on shares of VeriSign in a report on Thursday, June 27th.

VeriSign Price Performance

Shares of VeriSign stock opened at $188.07 on Wednesday. The firm has a market cap of $18.73 billion, a price-to-earnings ratio of 23.10 and a beta of 0.90. The stock’s 50-day moving average is $182.55 and its 200-day moving average is $179.80. VeriSign, Inc. has a one year low of $167.04 and a one year high of $220.91.

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

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.