Platinum Investment Management Ltd. Continues to Hold Holdings in VeriSign, Inc. (VRSN)
Platinum Investment Management Ltd. maintained its stake in shares of VeriSign, Inc. (NASDAQ:VRSN) during the 2nd quarter, according to its most recent filing with the SEC. The fund owned 5,600 shares of the information services provider’s stock at the close of the 2nd quarter. Platinum Investment Management Ltd.’s holdings in VeriSign were worth $520,000 as of its most recent SEC filing.
Several other large investors also recently modified their holdings of VRSN. UBS Asset Management Americas Inc. lifted its position in shares of VeriSign by 13.9% during the 1st quarter. UBS Asset Management Americas Inc. now owns 293,930 shares of the information services provider’s stock worth $25,604,000 after buying an additional 35,814 shares during the last quarter. Ameritas Investment Partners Inc. purchased a new stake in shares of VeriSign during the 1st quarter worth approximately $178,000. Pacer Advisors Inc. lifted its position in shares of VeriSign by 3.4% during 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. Victory Capital Management Inc. lifted its position in shares of VeriSign by 14.3% during the 1st quarter. Victory Capital Management Inc. now owns 15,760 shares of the information services provider’s stock worth $1,373,000 after buying an additional 1,974 shares during the last quarter. Finally, Alliancebernstein L.P. lifted its position in shares of VeriSign by 25.9% during the 1st quarter. Alliancebernstein L.P. now owns 201,949 shares of the information services provider’s stock worth $17,592,000 after buying an additional 41,543 shares during the last quarter.
In other VeriSign news, Director Timothy Tomlinson sold 1,240 shares of VeriSign stock in a transaction on Tuesday, August 1st. The shares were 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 Securities & Exchange Commission, which is accessible through this link. Also, Director Kathleen A. Cote sold 1,500 shares of the firm’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 sale, the director now owns 38,294 shares in the company, valued at $3,827,102.36. The disclosure for this sale can be found here. Insiders own 0.92% of the company’s stock.
WARNING: “Platinum Investment Management Ltd. Continues to Hold Holdings in VeriSign, Inc. (VRSN)” was published by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are reading this piece on another website, it was illegally stolen and reposted in violation of United States and international copyright laws. The original version of this piece can be accessed at https://www.thecerbatgem.com/2017/10/09/platinum-investment-management-ltd-continues-to-hold-holdings-in-verisign-inc-vrsn.html.
Several brokerages have recently weighed in on VRSN. Robert W. Baird set a $105.00 price objective on shares of VeriSign and gave the stock a “hold” rating in a research report on Friday. BidaskClub upgraded shares of VeriSign from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 26th. Zacks Investment Research downgraded shares of VeriSign from a “hold” rating to a “sell” rating in a research report on Wednesday, August 2nd. Finally, Cowen and Company restated a “market perform” rating and set a $94.00 price objective on shares of VeriSign in a research report on Monday, July 3rd. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $99.50.
Shares of VeriSign, Inc. (NASDAQ:VRSN) traded up 0.5096% during mid-day trading on Monday, hitting $110.4802. 619,093 shares of the stock traded hands. The stock has a market cap of $11.04 billion, a PE ratio of 30.1118 and a beta of 1.19. The stock has a 50-day moving average of $104.00 and a 200 day moving average of $95.42. VeriSign, Inc. has a one year low of $74.46 and a one year high of $110.62.
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 during 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 company posted $0.91 earnings per share. Equities analysts predict that VeriSign, Inc. will post $3.97 EPS for the current fiscal year.
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).
Receive News & Stock Ratings for VeriSign Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for VeriSign Inc. and related stocks with our FREE daily email newsletter.