Barings LLC held its position in VeriSign, Inc. (NASDAQ:VRSN) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,520 shares of the information services provider’s stock at the end of the 2nd quarter. Barings LLC’s holdings in VeriSign were worth $394,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Tower Research Capital LLC TRC increased its stake in shares of VeriSign by 24.6% in the first quarter. Tower Research Capital LLC TRC now owns 1,200 shares of the information services provider’s stock worth $105,000 after acquiring an additional 237 shares during the period. Global X Management Co. LLC increased its stake in shares of VeriSign by 52.6% in the first quarter. Global X Management Co. LLC now owns 1,439 shares of the information services provider’s stock worth $125,000 after acquiring an additional 496 shares during the period. Acrospire Investment Management LLC increased its stake in shares of VeriSign by 128.6% in the second quarter. Acrospire Investment Management LLC now owns 1,600 shares of the information services provider’s stock worth $149,000 after acquiring an additional 900 shares during the period. OLD Mutual Customised Solutions Proprietary Ltd. increased its stake in shares of VeriSign by 109.5% in the first quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 1,676 shares of the information services provider’s stock worth $146,000 after acquiring an additional 876 shares during the period. Finally, Fifth Third Bancorp increased its stake in shares of VeriSign by 5.1% in the first quarter. Fifth Third Bancorp now owns 1,702 shares of the information services provider’s stock worth $148,000 after acquiring an additional 82 shares during the period.

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In other VeriSign news, Director Timothy Tomlinson sold 1,240 shares of the company’s stock in a transaction dated 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 document filed with the SEC, which can be accessed through the SEC website. Also, Director Kathleen A. Cote sold 1,500 shares of the company’s stock in a transaction dated Tuesday, August 22nd. The shares were sold at an average price of $99.94, for a total transaction of $149,910.00. Following the completion of the transaction, 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. 0.92% of the stock is owned by insiders.

VeriSign, Inc. (NASDAQ:VRSN) opened at 108.55 on Wednesday. The stock has a market capitalization of $10.85 billion, a P/E ratio of 29.59 and a beta of 1.19. The stock has a 50 day moving average of $105.32 and a 200 day moving average of $96.32. VeriSign, Inc. has a 1-year low of $75.15 and a 1-year high of $110.82.

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 the consensus estimate of $0.99 by $0.06. VeriSign had a net margin of 39.92% and a negative return on equity of 36.99%. The business had revenue of $289.00 million for the quarter, compared to analyst estimates of $287.47 million. During the same period in the previous year, the firm earned $0.91 EPS. The business’s revenue for the quarter was up .9% compared to the same quarter last year. On average, analysts expect that VeriSign, Inc. will post $3.97 earnings per share for the current year.

Several analysts recently commented on VRSN shares. Robert W. Baird set a $105.00 price target on shares of VeriSign and gave the company a “hold” rating in a research report on Friday, October 6th. Zacks Investment Research lowered shares of VeriSign from a “hold” rating to a “sell” rating in a research report on Wednesday, August 2nd. BidaskClub lowered shares of VeriSign from a “strong-buy” rating to a “buy” rating in a research report on Friday, August 4th. Finally, 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. 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 target price of $99.50.

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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