VeriSign Inc. (VRSN) Shares Sold by Chevy Chase Trust Holdings Inc.
Chevy Chase Trust Holdings Inc. cut its position in shares of VeriSign Inc. (NASDAQ:VRSN) by 4.9% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 77,512 shares of the company’s stock after selling 4,034 shares during the period. Chevy Chase Trust Holdings Inc. owned about 0.07% of VeriSign worth $6,064,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. BlackRock Institutional Trust Company N.A. boosted its position in VeriSign by 22.2% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 3,830,642 shares of the company’s stock worth $331,197,000 after buying an additional 697,022 shares during the period. BlackRock Inc. boosted its position in VeriSign by 151.2% in the second quarter. BlackRock Inc. now owns 853,326 shares of the company’s stock worth $73,778,000 after buying an additional 513,679 shares during the period. BlackRock Group LTD boosted its position in VeriSign by 29.7% in the second quarter. BlackRock Group LTD now owns 1,425,823 shares of the company’s stock worth $123,276,000 after buying an additional 326,700 shares during the period. Old Mutual Global Investors UK Ltd. boosted its position in VeriSign by 859.1% in the second quarter. Old Mutual Global Investors UK Ltd. now owns 250,759 shares of the company’s stock worth $21,680,000 after buying an additional 224,613 shares during the period. Finally, Janus Capital Management LLC boosted its position in VeriSign by 16.0% in the second quarter. Janus Capital Management LLC now owns 1,493,217 shares of the company’s stock worth $129,104,000 after buying an additional 206,072 shares during the period.
VeriSign Inc. (NASDAQ:VRSN) traded down 0.272% on Wednesday, reaching $78.905. 961,247 shares of the company traded hands. The company has a market capitalization of $8.25 billion, a PE ratio of 23.638 and a beta of 1.23. VeriSign Inc. has a 52-week low of $70.26 and a 52-week high of $93.94. The stock has a 50-day moving average of $79.59 and a 200 day moving average of $81.05.
VeriSign (NASDAQ:VRSN) last announced its earnings results on Thursday, October 27th. The company reported $0.93 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.87 by $0.06. VeriSign had a net margin of 38.69% and a negative return on equity of 37.72%. The firm had revenue of $287.60 million for the quarter, compared to analyst estimates of $287.08 million. During the same quarter in the prior year, the business posted $0.78 EPS. The business’s revenue was up 8.2% compared to the same quarter last year. On average, equities analysts forecast that VeriSign Inc. will post $3.55 EPS for the current year.
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VRSN has been the subject of a number of research analyst reports. Zacks Investment Research cut shares of VeriSign from a “buy” rating to a “hold” rating in a research note on Wednesday, September 28th. Citigroup Inc. restated a “sell” rating and issued a $70.00 price objective on shares of VeriSign in a research report on Friday, September 23rd. Finally, Cowen and Company restated a “market perform” rating and issued a $80.00 price objective on shares of VeriSign in a research report on Tuesday, September 6th.
VeriSign, Inc is a provider of domain name registry services and Internet security, enabling Internet navigation for domain names and providing protection for Websites and enterprises around the world (Registry Services). The Company operates in Registry Services and Security Services segment. Its product suite also includes Security Services consisting of Distributed Denial of Service (DDoS) Protection Services, Verisign iDefense Security Intelligence Services (iDefense) and Managed Domain Name System (Managed DNS) Services.
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