VeriSign, Inc. (VRSN) Stake Raised by Amalgamated Bank
Amalgamated Bank lifted its position in shares of VeriSign, Inc. (NASDAQ:VRSN) by 50.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,742 shares of the information services provider’s stock after acquiring an additional 3,621 shares during the quarter. Amalgamated Bank’s holdings in VeriSign were worth $999,000 as of its most recent SEC filing.
Several other hedge funds have also recently bought and sold shares of the company. BlackRock Inc. boosted its stake in shares of VeriSign by 8.9% during the 2nd quarter. BlackRock Inc. now owns 8,394,049 shares of the information services provider’s stock worth $780,310,000 after acquiring an additional 687,358 shares in the last quarter. Bridgewater Associates LP boosted its stake in shares of VeriSign by 104.9% during the 2nd quarter. Bridgewater Associates LP now owns 129,823 shares of the information services provider’s stock worth $12,068,000 after acquiring an additional 66,477 shares in the last quarter. Teachers Advisors LLC boosted its stake in shares of VeriSign by 2.5% during the 2nd quarter. Teachers Advisors LLC now owns 109,561 shares of the information services provider’s stock worth $10,185,000 after acquiring an additional 2,663 shares in the last quarter. Seven Eight Capital LP boosted its stake in shares of VeriSign by 220.3% during the 2nd quarter. Seven Eight Capital LP now owns 9,450 shares of the information services provider’s stock worth $878,000 after acquiring an additional 6,500 shares in the last quarter. Finally, Summit Global Investments boosted its stake in shares of VeriSign by 85.8% during the 2nd quarter. Summit Global Investments now owns 15,350 shares of the information services provider’s stock worth $1,427,000 after acquiring an additional 7,090 shares in the last quarter.
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VRSN has been the topic of several recent analyst reports. Zacks Investment Research lowered shares of VeriSign from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. BidaskClub upgraded shares of VeriSign from a “buy” rating to a “strong-buy” rating in a research report on Thursday, June 22nd. Cowen and Company restated a “market perform” rating and set a $94.00 price target on shares of VeriSign in a research report on Monday, July 3rd. Finally, Robert W. Baird restated a “hold” rating and set a $105.00 price target on shares of VeriSign in a research report on Thursday, August 31st. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $100.33.
VeriSign, Inc. (NASDAQ VRSN) opened at 104.72 on Thursday. The firm has a market cap of $10.46 billion, a P/E ratio of 28.54 and a beta of 1.18. The company’s 50 day moving average is $101.25 and its 200 day moving average is $93.61. VeriSign, Inc. has a 52-week low of $74.46 and a 52-week high of $106.22.
VeriSign (NASDAQ:VRSN) last released its quarterly earnings data on Thursday, July 27th. The information services provider reported $1.05 EPS for the quarter, topping analysts’ consensus estimates of $0.99 by $0.06. The firm had revenue of $289.00 million for the quarter, compared to the consensus estimate of $287.47 million. VeriSign had a net margin of 39.92% and a negative return on equity of 36.99%. The firm’s revenue was up .9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.91 earnings per share. Equities research analysts forecast that VeriSign, Inc. will post $3.97 EPS for the current fiscal year.
In related news, Director Timothy Tomlinson sold 1,240 shares of the business’s stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $101.00, for a total transaction of $125,240.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Kathleen A. Cote sold 1,500 shares of the business’s stock in a transaction dated Tuesday, August 22nd. The stock was sold at an average price of $99.94, for a total transaction of $149,910.00. Following the sale, the director now directly owns 38,294 shares in the company, valued at approximately $3,827,102.36. The disclosure for this sale can be found here. 0.92% of the stock is currently owned by insiders.
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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