VeriSign, Inc. (NASDAQ:VRSN) Shares Bought by First Trust Advisors LP
First Trust Advisors LP increased its stake in shares of VeriSign, Inc. (NASDAQ:VRSN) by 17.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,168,079 shares of the information services provider’s stock after buying an additional 173,907 shares during the period. First Trust Advisors LP’s holdings in VeriSign were worth $108,585,000 as of its most recent SEC filing.
Other large investors also recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in VeriSign by 0.7% in the first quarter. Vanguard Group Inc. now owns 8,489,961 shares of the information services provider’s stock valued at $739,561,000 after buying an additional 58,352 shares during the period. BlackRock Inc. increased its stake in VeriSign by 1,765.9% in the first quarter. BlackRock Inc. now owns 7,706,691 shares of the information services provider’s stock valued at $671,330,000 after buying an additional 7,293,666 shares during the period. Investec Asset Management LTD increased its stake in VeriSign by 0.7% in the first quarter. Investec Asset Management LTD now owns 2,239,238 shares of the information services provider’s stock valued at $195,060,000 after buying an additional 15,451 shares during the period. Geode Capital Management LLC increased its stake in VeriSign by 7.7% in the first quarter. Geode Capital Management LLC now owns 898,546 shares of the information services provider’s stock valued at $78,163,000 after buying an additional 64,329 shares during the period. Finally, Gruss Capital Management LP increased its stake in VeriSign by 340.0% in the first quarter. Gruss Capital Management LP now owns 880,000 shares of the information services provider’s stock valued at $76,657,000 after buying an additional 680,000 shares during the period.
VeriSign, Inc. (NASDAQ VRSN) opened at 97.74 on Friday. The firm has a market capitalization of $9.77 billion, a PE ratio of 26.64 and a beta of 1.20. The stock’s 50 day moving average is $97.34 and its 200-day moving average is $89.65. VeriSign, Inc. has a one year low of $74.01 and a one year high of $103.79.
VeriSign (NASDAQ:VRSN) last issued its quarterly earnings data on Thursday, July 27th. The information services provider reported $1.05 EPS for the quarter, topping the Thomson Reuters’ 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 million during the quarter, compared to analyst estimates of $287.47 million. During the same period in the prior year, the business earned $0.91 EPS. The company’s revenue for the quarter was up .9% on a year-over-year basis. On average, analysts anticipate that VeriSign, Inc. will post $3.97 EPS for the current fiscal year.
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Several equities research analysts have weighed in on VRSN shares. Zacks Investment Research raised shares of VeriSign from a “hold” rating to a “buy” rating and set a $100.00 price target for the company in a research note on Tuesday, May 2nd. Cowen and Company reaffirmed a “market perform” rating and issued a $94.00 price target on shares of VeriSign in a research note on Monday, July 3rd. Finally, BidaskClub raised shares of VeriSign from a “buy” rating to a “strong-buy” rating in a research note on Thursday, June 22nd. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $87.75.
In other VeriSign news, Director Timothy Tomlinson sold 1,240 shares of the company’s 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.92% of the stock is currently owned by corporate insiders.
VeriSign Company Profile
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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