Skandinaviska Enskilda Banken AB publ Purchases 8,508 Shares of VeriSign, Inc. (NASDAQ:VRSN)

Skandinaviska Enskilda Banken AB publ boosted its position in shares of VeriSign, Inc. (NASDAQ:VRSN) by 7.3% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 124,319 shares of the information services provider’s stock after purchasing an additional 8,508 shares during the quarter. Skandinaviska Enskilda Banken AB publ owned about 0.13% of VeriSign worth $22,087,000 as of its most recent filing with the Securities & Exchange Commission.

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

Insider Activity

In related news, EVP Thomas C. Indelicarto sold 3,684 shares of VeriSign stock in a transaction that occurred 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 directly owns 37,774 shares in the company, valued at approximately $7,177,060. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.84% of the company’s stock.

VeriSign Trading Down 0.7 %

NASDAQ VRSN opened at $181.22 on Friday. The firm’s fifty day simple moving average is $180.59 and its two-hundred day simple moving average is $180.41. The firm has a market capitalization of $17.69 billion, a P/E ratio of 22.26 and a beta of 0.90. 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, topping analysts’ consensus estimates of $1.93 by $0.08. VeriSign had a negative return on equity of 46.63% and a net margin of 55.40%. The firm had revenue of $387.10 million during the quarter, compared to analysts’ expectations of $385.80 million. During the same quarter last year, the firm earned $1.79 EPS. The business’s quarterly revenue was up 4.1% on a year-over-year basis.

Analyst Upgrades and Downgrades

Several analysts have issued reports on VRSN shares. StockNews.com downgraded 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 note on Thursday, June 27th.

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.