VeriSign, Inc. (NASDAQ:VRSN) Shares Sold by Intech Investment Management LLC

Intech Investment Management LLC decreased its position in shares of VeriSign, Inc. (NASDAQ:VRSN) by 14.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 86,577 shares of the information services provider’s stock after selling 15,045 shares during the period. Intech Investment Management LLC owned about 0.09% of VeriSign worth $15,393,000 at the end of the most recent reporting period.

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

Analyst Upgrades and Downgrades

VRSN has been the topic of several recent research reports. StockNews.com downgraded VeriSign from a “buy” rating to a “hold” rating in a report on Sunday, June 16th. Robert W. Baird reissued a “neutral” rating and set a $200.00 price target on shares of VeriSign in a report on Thursday, June 27th.

Insider Activity at VeriSign

In other VeriSign news, EVP Thomas C. Indelicarto sold 3,684 shares of the business’s stock in a transaction dated 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 sale, the executive vice president now directly owns 37,774 shares of the company’s stock, valued at approximately $7,177,060. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.84% of the stock is currently owned by company insiders.

VeriSign Stock Up 1.8 %

Shares of VeriSign stock opened at $182.42 on Friday. The stock has a market cap of $17.80 billion, a PE ratio of 22.41 and a beta of 0.90. The business has a fifty day simple moving average of $180.52 and a 200-day simple moving average of $180.48. VeriSign, Inc. has a 12 month low of $167.04 and a 12 month high of $220.91.

VeriSign (NASDAQ:VRSN) last posted its quarterly earnings data on Thursday, July 25th. The information services provider reported $2.01 earnings per share for the quarter, beating the consensus estimate of $1.93 by $0.08. The company had revenue of $387.10 million during 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%. VeriSign’s revenue for the quarter was up 4.1% compared to the same quarter last year. During the same period in the prior year, the business earned $1.79 earnings per share.

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.