New York State Common Retirement Fund cut its holdings in shares of VeriSign, Inc. (NASDAQ:VRSN) by 7.9% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 376,939 shares of the information services provider’s stock after selling 32,288 shares during the period. New York State Common Retirement Fund owned approximately 0.38% of VeriSign worth $35,040,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. Whittier Trust Co. of Nevada Inc. increased its position in shares of VeriSign by 2.1% during the second quarter. Whittier Trust Co. of Nevada Inc. now owns 2,086 shares of the information services provider’s stock worth $194,000 after acquiring an additional 42 shares in the last quarter. Pacer Advisors Inc. increased its position in shares of VeriSign by 3.4% during the first quarter. Pacer Advisors Inc. now owns 1,654 shares of the information services provider’s stock worth $144,000 after acquiring an additional 55 shares in the last quarter. Meeder Asset Management Inc. increased its position in shares of VeriSign by 0.5% during the second quarter. Meeder Asset Management Inc. now owns 10,268 shares of the information services provider’s stock worth $954,000 after acquiring an additional 56 shares in the last quarter. Conning Inc. increased its position in shares of VeriSign by 3.1% during the second quarter. Conning Inc. now owns 2,674 shares of the information services provider’s stock worth $249,000 after acquiring an additional 80 shares in the last quarter. Finally, Thrivent Financial For Lutherans increased its position in shares of VeriSign by 2.5% during the second quarter. Thrivent Financial For Lutherans now owns 3,340 shares of the information services provider’s stock worth $310,000 after acquiring an additional 80 shares in the last quarter.

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In other VeriSign news, Director Timothy Tomlinson sold 1,240 shares of the firm’s stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $101.00, for a total transaction of $125,240.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Kathleen A. Cote sold 1,500 shares of the firm’s stock in a transaction dated Tuesday, August 22nd. The shares were sold at an average price of $99.94, for a total transaction of $149,910.00. Following the sale, the director now owns 38,294 shares of the company’s stock, valued at $3,827,102.36. The disclosure for this sale can be found here. 0.92% of the stock is currently owned by company insiders.

VRSN has been the subject of several recent research reports. BidaskClub raised shares of VeriSign from a “buy” rating to a “strong-buy” rating in a research report on Thursday, June 22nd. Cowen and Company reissued a “market perform” rating and set a $94.00 target price on shares of VeriSign in a research report on Monday, July 3rd. Zacks Investment Research raised shares of VeriSign from a “hold” rating to a “buy” rating and set a $104.00 target price for the company in a research report on Monday, June 5th. Finally, Robert W. Baird reissued a “hold” rating and set a $105.00 target price 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 company. The company currently has a consensus rating of “Hold” and an average target price of $100.33.

VeriSign, Inc. (NASDAQ VRSN) opened at 104.58 on Monday. The stock has a market capitalization of $10.45 billion, a PE ratio of 28.50 and a beta of 1.18. The company’s 50-day moving average is $101.25 and its 200 day moving average is $93.61. VeriSign, Inc. has a 12-month low of $74.46 and a 12-month high of $106.22.

VeriSign (NASDAQ:VRSN) last issued its quarterly earnings results on Thursday, July 27th. The information services provider reported $1.05 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.99 by $0.06. The company 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%. VeriSign’s quarterly revenue was up .9% compared to the same quarter last year. During the same period last year, the business earned $0.91 EPS. On average, equities research analysts expect that VeriSign, Inc. will post $3.97 earnings per share for the current fiscal year.

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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Institutional Ownership by Quarter for VeriSign (NASDAQ:VRSN)

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