Andra AP fonden Purchases 6,900 Shares of VeriSign, Inc. (VRSN)
Andra AP fonden lifted its stake in shares of VeriSign, Inc. (NASDAQ:VRSN) by 30.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 29,300 shares of the information services provider’s stock after acquiring an additional 6,900 shares during the period. Andra AP fonden’s holdings in VeriSign were worth $3,117,000 as of its most recent SEC filing.
Other hedge funds also recently made changes to their positions in the company. Migdal Insurance & Financial Holdings Ltd. lifted its holdings in shares of VeriSign by 21.9% during the 2nd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,420 shares of the information services provider’s stock worth $133,000 after acquiring an additional 255 shares during the period. Acrospire Investment Management LLC lifted its holdings in shares of VeriSign by 128.6% during the 2nd 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. Global X Management Co. LLC lifted its holdings in shares of VeriSign by 13.4% during the 2nd quarter. Global X Management Co. LLC now owns 1,632 shares of the information services provider’s stock worth $152,000 after acquiring an additional 193 shares during the period. Brightworth purchased a new position in shares of VeriSign during the 3rd quarter worth about $213,000. Finally, Whittier Trust Co. of Nevada Inc. lifted its holdings in shares of VeriSign by 2.1% during 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 acquiring an additional 42 shares during the period.
In related news, Director Kathleen A. Cote sold 1,500 shares of the firm’s stock in a transaction on Tuesday, August 22nd. The stock was sold at an average price of $99.94, for a total transaction of $149,910.00. Following the transaction, the director now directly owns 38,294 shares in the company, valued at $3,827,102.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.92% of the company’s stock.
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A number of analysts recently issued reports on the stock. Zacks Investment Research downgraded shares of VeriSign from a “hold” rating to a “sell” rating in a research report on Wednesday, November 1st. Cowen and Company reaffirmed a “hold” rating and issued a $103.00 price objective on shares of VeriSign in a research report on Sunday, October 29th. Citigroup Inc. increased their price objective on shares of VeriSign from $101.00 to $111.00 and gave the company a “neutral” rating in a research report on Friday, October 27th. Robert W. Baird set a $105.00 price objective on shares of VeriSign and gave the company a “hold” rating in a research report on Friday, October 6th. Finally, BidaskClub raised shares of VeriSign from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 26th. 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 company. The company currently has a consensus rating of “Hold” and a consensus price target of $106.33.
VeriSign, Inc. (NASDAQ VRSN) opened at $109.42 on Friday. VeriSign, Inc. has a one year low of $75.71 and a one year high of $110.82. The stock has a market capitalization of $10,839.75, a price-to-earnings ratio of 30.72 and a beta of 1.03. The company has a debt-to-equity ratio of -1.45, a quick ratio of 1.57 and a current ratio of 1.57.
VeriSign (NASDAQ:VRSN) last announced its quarterly earnings data on Thursday, October 26th. The information services provider reported $1.00 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.97 by $0.03. VeriSign had a negative return on equity of 36.88% and a net margin of 39.79%. The firm had revenue of $292.40 million for the quarter, compared to analysts’ expectations of $290.90 million. During the same period last year, the business posted $0.93 earnings per share. The firm’s revenue for the quarter was up 1.7% on a year-over-year basis. analysts predict that VeriSign, Inc. will post 3.65 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).
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