VeriSign, Inc. (NASDAQ:VRSN) Shares Sold by Tredje AP fonden

Tredje AP fonden lowered its position in VeriSign, Inc. (NASDAQ:VRSN) by 1.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,137 shares of the information services provider’s stock after selling 238 shares during the quarter. Tredje AP fonden’s holdings in VeriSign were worth $2,691,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in VRSN. Palo DS Manager LLC acquired a new position in shares of VeriSign in the fourth quarter worth about $14,174,000. TD Asset Management Inc boosted its stake in shares of VeriSign by 51.2% during the 4th quarter. TD Asset Management Inc now owns 330,291 shares of the information services provider’s stock valued at $68,027,000 after buying an additional 111,911 shares during the last quarter. Morningstar Investment Management LLC acquired a new stake in shares of VeriSign during the fourth quarter worth approximately $204,000. Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in shares of VeriSign by 21.8% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 107,224 shares of the information services provider’s stock worth $20,320,000 after buying an additional 19,215 shares during the last quarter. Finally, Sei Investments Co. raised its holdings in VeriSign by 133.6% in the first quarter. Sei Investments Co. now owns 37,213 shares of the information services provider’s stock valued at $7,052,000 after acquiring an additional 21,285 shares in the last quarter. 92.90% of the stock is owned by hedge funds and other institutional investors.

VeriSign Price Performance

VeriSign stock opened at $182.42 on Friday. VeriSign, Inc. has a 12 month low of $167.04 and a 12 month high of $220.91. The company has a fifty day moving average price of $180.52 and a two-hundred day moving average price of $180.48. The company has a market cap of $17.80 billion, a PE ratio of 22.41 and a beta of 0.90.

VeriSign (NASDAQ:VRSN) last announced its quarterly earnings data on Thursday, July 25th. The information services provider reported $2.01 earnings per share 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 the consensus estimate of $385.80 million. During the same quarter in the prior year, the firm earned $1.79 EPS. The company’s revenue for the quarter was up 4.1% compared to the same quarter last year.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on VRSN shares. Robert W. Baird reissued a “neutral” rating and issued a $200.00 target price on shares of VeriSign in a research report on Thursday, June 27th. StockNews.com cut VeriSign from a “buy” rating to a “hold” rating in a research note on Sunday, June 16th.

Insider Transactions at VeriSign

In related news, EVP Thomas C. Indelicarto sold 3,684 shares of the business’s stock in a transaction that occurred on Monday, July 29th. The stock was sold at an average price of $190.00, for a total transaction of $699,960.00. Following the completion of the transaction, the executive vice president now owns 37,774 shares in the company, valued at approximately $7,177,060. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.84% of the company’s stock.

About VeriSign

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.