Commonwealth Bank of Australia maintained its stake in shares of VeriSign, Inc. (NASDAQ:VRSN) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,314 shares of the information services provider’s stock at the close of the second quarter. Commonwealth Bank of Australia’s holdings in VeriSign were worth $121,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the business. Schroder Investment Management Group raised its holdings in VeriSign by 4.8% in the 2nd quarter. Schroder Investment Management Group now owns 675,746 shares of the information services provider’s stock worth $63,189,000 after purchasing an additional 30,694 shares in the last quarter. Old Mutual Global Investors UK Ltd. raised its holdings in VeriSign by 53.8% in the 2nd quarter. Old Mutual Global Investors UK Ltd. now owns 376,413 shares of the information services provider’s stock worth $34,991,000 after purchasing an additional 131,607 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. raised its holdings in VeriSign by 40.5% in the 2nd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 47,517 shares of the information services provider’s stock worth $4,417,000 after purchasing an additional 13,703 shares in the last quarter. Banque Pictet & Cie SA raised its holdings in VeriSign by 2.8% in the 2nd quarter. Banque Pictet & Cie SA now owns 73,219 shares of the information services provider’s stock worth $6,806,000 after purchasing an additional 1,995 shares in the last quarter. Finally, Pictet & Cie Europe SA raised its holdings in VeriSign by 30.4% in the 2nd quarter. Pictet & Cie Europe SA now owns 10,764 shares of the information services provider’s stock worth $1,001,000 after purchasing an additional 2,509 shares in the last quarter.

In related news, Director Kathleen A. Cote sold 1,500 shares of VeriSign stock in a transaction dated Tuesday, August 22nd. The stock was sold at an average price of $99.94, for a total value of $149,910.00. Following the completion of the sale, the director now directly owns 38,294 shares in the company, valued at $3,827,102.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Timothy Tomlinson sold 1,240 shares of VeriSign stock in a transaction dated 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.

VeriSign, Inc. (NASDAQ VRSN) opened at 105.41 on Wednesday. VeriSign, Inc. has a one year low of $74.46 and a one year high of $105.81. The company has a market capitalization of $10.53 billion, a price-to-earnings ratio of 28.73 and a beta of 1.18. The firm has a 50-day moving average of $101.25 and a 200 day moving average of $93.61.

VeriSign (NASDAQ:VRSN) last issued 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. The firm had revenue of $289.00 million during the quarter, compared to analyst estimates of $287.47 million. VeriSign had a net margin of 39.92% and a negative return on equity of 36.99%. The business’s revenue was up .9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.91 earnings per share. Equities research analysts predict that VeriSign, Inc. will post $3.97 earnings per share for the current fiscal year.

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Several research analysts have commented on the stock. Robert W. Baird restated a “hold” rating and issued a $105.00 price objective on shares of VeriSign in a report on Thursday, August 31st. BidaskClub upgraded shares of VeriSign from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 26th. Zacks Investment Research lowered shares of VeriSign from a “hold” rating to a “sell” rating in a report on Wednesday, August 2nd. Finally, Cowen and Company restated a “market perform” rating and issued a $94.00 price objective on shares of VeriSign in a report on Monday, July 3rd. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $92.75.

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).

Institutional Ownership by Quarter for VeriSign (NASDAQ:VRSN)

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