O Shaughnessy Asset Management LLC trimmed its stake in Verisign, Inc. (NASDAQ:VRSN) by 40.3% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,551 shares of the information services provider’s stock after selling 7,132 shares during the period. O Shaughnessy Asset Management LLC’s holdings in Verisign were worth $1,688,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Braun Bostich & Associates Inc. increased its stake in Verisign by 1,283.3% in the 2nd quarter. Braun Bostich & Associates Inc. now owns 913 shares of the information services provider’s stock worth $125,000 after buying an additional 847 shares in the last quarter. Sandy Spring Bank increased its stake in Verisign by 100.0% in the 2nd quarter. Sandy Spring Bank now owns 1,000 shares of the information services provider’s stock worth $137,000 after buying an additional 500 shares in the last quarter. Piedmont Investment Advisors LLC purchased a new stake in Verisign in the 2nd quarter worth $149,000. Advisory Services Network LLC increased its stake in Verisign by 954.9% in the 3rd quarter. Advisory Services Network LLC now owns 960 shares of the information services provider’s stock worth $154,000 after buying an additional 869 shares in the last quarter. Finally, Cerebellum GP LLC purchased a new stake in Verisign in the 3rd quarter worth $181,000. Hedge funds and other institutional investors own 93.81% of the company’s stock.

Shares of Verisign stock opened at $153.30 on Tuesday. The stock has a market cap of $19.35 billion, a PE ratio of 41.66 and a beta of 0.98. Verisign, Inc. has a twelve month low of $105.40 and a twelve month high of $176.76.

Verisign (NASDAQ:VRSN) last issued its quarterly earnings data on Thursday, October 25th. The information services provider reported $1.23 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.10 by $0.13. The firm had revenue of $305.78 million during the quarter, compared to analyst estimates of $305.25 million. Verisign had a negative return on equity of 38.09% and a net margin of 41.82%. As a group, sell-side analysts forecast that Verisign, Inc. will post 4.37 EPS for the current year.

In other news, Director Kathleen A. Cote sold 2,384 shares of the firm’s stock in a transaction dated Monday, November 5th. The stock was sold at an average price of $160.50, for a total transaction of $382,632.00. Following the completion of the transaction, the director now owns 37,594 shares in the company, valued at $6,033,837. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 1.35% of the company’s stock.

A number of equities research analysts have issued reports on VRSN shares. JPMorgan Chase & Co. increased their price target on Verisign from $123.00 to $125.00 and gave the stock an “average” rating in a research note on Monday, September 24th. Robert W. Baird upgraded Verisign from a “neutral” rating to an “outperform” rating and increased their price target for the stock from $160.00 to $170.00 in a research note on Friday, November 2nd. Citigroup raised their price objective on Verisign from $152.00 to $155.00 and gave the company a “neutral” rating in a research report on Friday, November 2nd. BidaskClub upgraded Verisign from a “buy” rating to a “strong-buy” rating in a research report on Thursday, August 30th. Finally, Cowen restated a “hold” rating and set a $155.00 price objective on shares of Verisign in a research report on Friday, July 27th. Five analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $154.40.

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Verisign Profile

VeriSign, Inc provides domain name registry services and Internet security worldwide. The company offers registry services that operate the authoritative directory of .com, .net, .cc, .tv, .gov, .jobs, .edu, .name, and other domain names. Its registry services allow individuals and organizations to establish their online identities.

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Institutional Ownership by Quarter for Verisign (NASDAQ:VRSN)

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