Seven Eight Capital LP lifted its position in VeriSign, Inc. (NASDAQ:VRSN) by 220.3% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 9,450 shares of the information services provider’s stock after buying an additional 6,500 shares during the period. Seven Eight Capital LP’s holdings in VeriSign were worth $878,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently added to or reduced their stakes in the company. Whittier Trust Co. of Nevada Inc. boosted its stake in shares of VeriSign by 2.1% in the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 2,086 shares of the information services provider’s stock worth $194,000 after buying an additional 42 shares during the last quarter. Pacer Advisors Inc. boosted its stake in shares of VeriSign by 3.4% in the 1st quarter. Pacer Advisors Inc. now owns 1,654 shares of the information services provider’s stock worth $144,000 after buying an additional 55 shares during the last quarter. Meeder Asset Management Inc. boosted its stake in shares of VeriSign by 0.5% in the 2nd quarter. Meeder Asset Management Inc. now owns 10,268 shares of the information services provider’s stock worth $954,000 after buying an additional 56 shares during the last quarter. Conning Inc. boosted its stake in shares of VeriSign by 3.1% in the 2nd quarter. Conning Inc. now owns 2,674 shares of the information services provider’s stock worth $249,000 after buying an additional 80 shares during the last quarter. Finally, Fifth Third Bancorp boosted its stake in shares of VeriSign by 5.1% in the 1st quarter. Fifth Third Bancorp now owns 1,702 shares of the information services provider’s stock worth $148,000 after buying an additional 82 shares during the last quarter.

In related news, Director Timothy Tomlinson sold 1,240 shares of the company’s stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $101.00, for a total value of $125,240.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Kathleen A. Cote sold 1,500 shares of the company’s stock in a transaction on Tuesday, August 22nd. The shares were sold at an average price of $99.94, for a total value of $149,910.00. Following the completion of the transaction, the director now directly owns 38,294 shares in the company, valued at $3,827,102.36. The disclosure for this sale can be found here. 0.92% of the stock is owned by corporate insiders.

VeriSign, Inc. (NASDAQ VRSN) opened at 104.39 on Friday. VeriSign, Inc. has a 1-year low of $74.46 and a 1-year high of $105.00. The stock has a 50 day moving average price of $101.05 and a 200-day moving average price of $93.16. The stock has a market capitalization of $10.43 billion, a P/E ratio of 28.45 and a beta of 1.18.

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 consensus estimate of $0.99 by $0.06. VeriSign had a negative return on equity of 36.99% and a net margin of 39.92%. The firm had revenue of $289.00 million for the quarter, compared to the consensus estimate of $287.47 million. During the same period in the prior year, the firm earned $0.91 EPS. The firm’s revenue was up .9% on a year-over-year basis. Equities research analysts expect that VeriSign, Inc. will post $3.97 EPS for the current year.

A number of research firms have recently issued reports on VRSN. Robert W. Baird restated a “hold” rating and issued a $105.00 price target on shares of VeriSign in a research note on Thursday, August 31st. BidaskClub upgraded VeriSign from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 26th. Zacks Investment Research downgraded VeriSign from a “hold” rating to a “sell” rating in a research note on Wednesday, August 2nd. Finally, Cowen and Company restated a “market perform” rating and issued a $94.00 price target on shares of VeriSign in a research note on Monday, July 3rd. One analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a strong buy rating to the company. VeriSign presently has a consensus rating of “Hold” and an average price target of $92.75.

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VeriSign Profile

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).

Institutional Ownership by Quarter for VeriSign (NASDAQ:VRSN)

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