Strategic Global Advisors LLC decreased its position in VeriSign, Inc. (NASDAQ:VRSN) by 33.4% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 3,685 shares of the information services provider’s stock after selling 1,850 shares during the quarter. Strategic Global Advisors LLC’s holdings in VeriSign were worth $343,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. PNC Financial Services Group Inc. grew its stake in shares of VeriSign by 7.9% in the 2nd quarter. PNC Financial Services Group Inc. now owns 6,262 shares of the information services provider’s stock valued at $582,000 after buying an additional 456 shares in the last quarter. ProShare Advisors LLC grew its stake in shares of VeriSign by 6.4% in the 2nd quarter. ProShare Advisors LLC now owns 22,954 shares of the information services provider’s stock valued at $2,134,000 after buying an additional 1,379 shares in the last quarter. Profund Advisors LLC grew its stake in shares of VeriSign by 18.1% in the 2nd quarter. Profund Advisors LLC now owns 27,074 shares of the information services provider’s stock valued at $2,517,000 after buying an additional 4,143 shares in the last quarter. Laurion Capital Management LP grew its stake in shares of VeriSign by 926.5% in the 2nd quarter. Laurion Capital Management LP now owns 63,706 shares of the information services provider’s stock valued at $5,922,000 after buying an additional 57,500 shares in the last quarter. Finally, BlueMountain Capital Management LLC grew its stake in shares of VeriSign by 215.2% in the 2nd quarter. BlueMountain Capital Management LLC now owns 14,226 shares of the information services provider’s stock valued at $1,322,000 after buying an additional 9,712 shares in the last quarter.

Shares of VeriSign, Inc. (NASDAQ VRSN) traded up 0.52% during midday trading on Monday, hitting $104.93. The company had a trading volume of 39,495 shares. The firm’s 50-day moving average is $101.05 and its 200-day moving average is $93.16. The firm has a market capitalization of $10.48 billion, a P/E ratio of 28.60 and a beta of 1.18. VeriSign, Inc. has a 12-month low of $74.46 and a 12-month high of $105.17.

VeriSign (NASDAQ:VRSN) last announced its earnings results on Thursday, July 27th. The information services provider reported $1.05 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.99 by $0.06. VeriSign had a negative return on equity of 36.99% and a net margin of 39.92%. The business had revenue of $289.00 million for the quarter, compared to analyst estimates of $287.47 million. During the same quarter last year, the firm earned $0.91 EPS. VeriSign’s revenue for the quarter was up .9% compared to the same quarter last year. On average, analysts predict that VeriSign, Inc. will post $3.97 earnings per share for the current fiscal year.

VRSN has been the subject of several recent research reports. Zacks Investment Research cut VeriSign from a “buy” rating to a “hold” rating in a research note on Friday, May 26th. BidaskClub raised VeriSign from a “buy” rating to a “strong-buy” rating in a research note on Thursday, June 22nd. Cowen and Company reissued a “market perform” rating and issued a $94.00 price target on shares of VeriSign in a research note on Monday, July 3rd. Finally, Robert W. Baird reissued a “hold” rating and issued a $105.00 price target on shares of VeriSign in a research note on Thursday, August 31st. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $92.75.

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In related news, Director Kathleen A. Cote sold 1,500 shares of VeriSign stock in a transaction that occurred 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 of the company’s stock, valued at approximately $3,827,102.36. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Timothy Tomlinson sold 1,240 shares of VeriSign stock in a transaction that occurred 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 company insiders.

VeriSign 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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Institutional Ownership by Quarter for VeriSign (NASDAQ:VRSN)

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