Conning Inc. boosted its stake in shares of VeriSign, Inc. (NASDAQ:VRSN) by 3.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,674 shares of the information services provider’s stock after buying an additional 80 shares during the period. Conning Inc.’s holdings in VeriSign were worth $249,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in VRSN. Vanguard Group Inc. boosted its stake in VeriSign by 0.7% in the first quarter. Vanguard Group Inc. now owns 8,489,961 shares of the information services provider’s stock valued at $739,561,000 after buying an additional 58,352 shares during the period. BlackRock Inc. boosted its stake in shares of VeriSign by 1,765.9% in the first quarter. BlackRock Inc. now owns 7,706,691 shares of the information services provider’s stock worth $671,330,000 after buying an additional 7,293,666 shares during the last quarter. Investec Asset Management LTD boosted its stake in shares of VeriSign by 0.7% in the first quarter. Investec Asset Management LTD now owns 2,239,238 shares of the information services provider’s stock worth $195,060,000 after buying an additional 15,451 shares during the last quarter. First Trust Advisors LP boosted its stake in shares of VeriSign by 17.5% in the second quarter. First Trust Advisors LP now owns 1,168,079 shares of the information services provider’s stock worth $108,585,000 after buying an additional 173,907 shares during the last quarter. Finally, Geode Capital Management LLC boosted its stake in shares of VeriSign by 7.7% in the first quarter. Geode Capital Management LLC now owns 898,546 shares of the information services provider’s stock worth $78,163,000 after buying an additional 64,329 shares during the last quarter.

VeriSign, Inc. (VRSN) opened at 98.96 on Tuesday. The firm has a 50-day moving average price of $98.36 and a 200-day moving average price of $90.68. VeriSign, Inc. has a 12-month low of $74.01 and a 12-month high of $103.79. The stock has a market cap of $9.89 billion, a PE ratio of 26.97 and a beta of 1.20.

VeriSign (NASDAQ:VRSN) last released its earnings results on Thursday, July 27th. The information services provider reported $1.05 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.99 by $0.06. The firm had revenue of $289 million for the quarter, compared to analyst estimates of $287.47 million. VeriSign had a negative return on equity of 36.99% and a net margin of 39.92%. The company’s revenue was up .9% on a year-over-year basis. During the same quarter last year, the firm posted $0.91 EPS. Analysts forecast that VeriSign, Inc. will post $3.97 EPS for the current fiscal year.

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A number of analysts have recently issued reports on the company. BidaskClub cut VeriSign from a “strong-buy” rating to a “buy” rating in a report on Friday, August 4th. Zacks Investment Research cut VeriSign from a “hold” rating to a “sell” rating in a report on Wednesday, August 2nd. Finally, Cowen and Company reiterated a “market perform” rating and set a $94.00 target price on shares of VeriSign in a report on Monday, July 3rd. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $87.75.

In other news, Director Timothy Tomlinson sold 1,240 shares of VeriSign stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $101.00, for a total transaction of $125,240.00. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.92% of the stock is currently owned by company insiders.

About VeriSign

VeriSign, Inc is a provider of domain name registry services and Internet security. The Company operates through Registry Services and Security Services segment. Registry Services ensure the security, stability and resiliency of Internet infrastructure and services, including the .com and .net domains, and operation of the root-zone maintainer functions for the core of the Internet’s Domain Name System (DNS).

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Institutional Ownership by Quarter for VeriSign (NASDAQ:VRSN)

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