Laurion Capital Management LP Purchases 57,500 Shares of VeriSign, Inc. (VRSN)
Laurion Capital Management LP lifted its position in shares of VeriSign, Inc. (NASDAQ:VRSN) by 926.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 63,706 shares of the information services provider’s stock after buying an additional 57,500 shares during the quarter. Laurion Capital Management LP owned approximately 0.06% of VeriSign worth $5,922,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently bought and sold shares of VRSN. Tower Research Capital LLC TRC grew its position in shares of VeriSign by 24.6% during the 1st quarter. Tower Research Capital LLC TRC now owns 1,200 shares of the information services provider’s stock worth $105,000 after buying an additional 237 shares in the last quarter. Global X Management Co. LLC grew its position in shares of VeriSign by 52.6% during the 1st quarter. Global X Management Co. LLC now owns 1,439 shares of the information services provider’s stock worth $125,000 after buying an additional 496 shares in the last quarter. Pacer Advisors Inc. grew its position in shares of VeriSign by 3.4% during the 1st quarter. Pacer Advisors Inc. now owns 1,654 shares of the information services provider’s stock worth $144,000 after buying an additional 55 shares in the last quarter. OLD Mutual Customised Solutions Proprietary Ltd. grew its position in shares of VeriSign by 109.5% during the 1st quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 1,676 shares of the information services provider’s stock worth $146,000 after buying an additional 876 shares in the last quarter. Finally, Fifth Third Bancorp grew its position in shares of VeriSign by 5.1% during the 1st quarter. Fifth Third Bancorp now owns 1,702 shares of the information services provider’s stock worth $148,000 after buying an additional 82 shares in the last quarter.
In related news, Director Kathleen A. Cote sold 1,500 shares of the business’s stock in a transaction on Tuesday, August 22nd. The stock was sold at an average price of $99.94, for a total value of $149,910.00. Following the sale, the director now owns 38,294 shares in the company, valued at approximately $3,827,102.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Timothy Tomlinson sold 1,240 shares of the business’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 disclosure for this sale can be found here. 0.92% of the stock is currently owned by insiders.
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VRSN has been the topic of a number of recent research reports. Cowen and Company reissued a “market perform” rating and set a $94.00 price target on shares of VeriSign in a research report on Monday, July 3rd. Zacks Investment Research raised VeriSign from a “hold” rating to a “buy” rating and set a $102.00 price target on the stock in a research report on Wednesday, June 14th. BidaskClub raised VeriSign from a “buy” rating to a “strong-buy” rating in a research report on Thursday, June 22nd. Finally, Robert W. Baird reissued a “hold” rating and set a $105.00 price target on shares of VeriSign in a research report on Thursday, August 31st. One research 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 stock. The stock currently has a consensus rating of “Hold” and an average price target of $92.75.
VeriSign, Inc. (NASDAQ:VRSN) traded up 0.97% during trading on Friday, hitting $104.39. The stock had a trading volume of 1,536,098 shares. The company has a market cap of $10.43 billion, a P/E ratio of 28.45 and a beta of 1.18. VeriSign, Inc. has a one year low of $74.46 and a one year high of $105.00. The firm has a 50 day moving average of $101.05 and a 200-day moving average of $93.16.
VeriSign (NASDAQ:VRSN) last posted its quarterly earnings data on Thursday, July 27th. The information services provider reported $1.05 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.99 by $0.06. The firm had revenue of $289.00 million for the quarter, compared to the consensus estimate of $287.47 million. VeriSign had a negative return on equity of 36.99% and a net margin of 39.92%. The company’s quarterly revenue was up .9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.91 EPS. Equities analysts anticipate that VeriSign, Inc. will post $3.97 earnings per share 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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