Janus Capital Management LLC cut its stake in VeriSign, Inc. (NASDAQ:VRSN) by 98.4% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 7,558 shares of the information services provider’s stock after selling 477,993 shares during the period. Janus Capital Management LLC’s holdings in VeriSign were worth $659,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Ladenburg Thalmann Financial Services Inc. boosted its position in shares of VeriSign by 13.5% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,464 shares of the information services provider’s stock valued at $112,000 after buying an additional 174 shares during the last quarter. TrimTabs Asset Management LLC boosted its position in shares of VeriSign by 89.1% in the first quarter. TrimTabs Asset Management LLC now owns 1,341 shares of the information services provider’s stock valued at $117,000 after buying an additional 632 shares during the last quarter. Global X Management Co. LLC boosted its position 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 valued at $125,000 after buying an additional 496 shares during the last quarter. Pacer Advisors Inc. boosted its position in shares of VeriSign by 3.4% in the first quarter. Pacer Advisors Inc. now owns 1,654 shares of the information services provider’s stock valued at $144,000 after buying an additional 55 shares during the last quarter. Finally, OLD Mutual Customised Solutions Proprietary Ltd. boosted its position 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 valued at $146,000 after buying an additional 876 shares during the last quarter.

VeriSign, Inc. (NASDAQ VRSN) opened at 98.95 on Friday. The stock has a market capitalization of $10.04 billion, a PE ratio of 27.95 and a beta of 1.18. VeriSign, Inc. has a 12 month low of $74.01 and a 12 month high of $99.47. The company’s 50-day moving average price is $94.04 and its 200 day moving average price is $87.63.

VeriSign (NASDAQ:VRSN) last announced its earnings results on Thursday, April 27th. The information services provider reported $0.86 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.86. The firm had revenue of $288.60 million during the quarter, compared to analysts’ expectations of $284.70 million. VeriSign had a negative return on equity of 36.75% and a net margin of 39.13%. The business’s revenue was up 2.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.85 EPS. On average, analysts forecast that VeriSign, Inc. will post $3.97 earnings per share for the current fiscal year.

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VRSN has been the subject of several research analyst reports. Zacks Investment Research upgraded VeriSign from a “hold” rating to a “buy” rating and set a $100.00 price objective for the company in a research note on Tuesday, May 2nd. Cowen and Company raised their price objective on VeriSign from $89.00 to $94.00 and gave the stock a “market perform” rating in a research note on Monday, April 3rd. Citigroup Inc. upgraded VeriSign from a “sell” rating to a “neutral” rating in a research note on Wednesday, April 12th. Finally, BidaskClub upgraded VeriSign from a “buy” rating to a “strong-buy” rating in a research note on Thursday, June 22nd. One analyst has rated the stock with a sell rating, three have assigned a hold rating, one has issued a buy rating and one has given a strong buy rating to the stock. VeriSign has an average rating of “Hold” and an average price target of $87.80.

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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