Cornerstone Capital Management Holdings LLC. cut its position in shares of Verisign, Inc. (NASDAQ:VRSN) by 42.3% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 124,233 shares of the information services provider’s stock after selling 91,090 shares during the period. Cornerstone Capital Management Holdings LLC. owned about 0.13% of Verisign worth $13,215,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in VRSN. Suntrust Banks Inc. boosted its stake in Verisign by 0.5% in the 2nd quarter. Suntrust Banks Inc. now owns 10,455 shares of the information services provider’s stock valued at $971,000 after buying an additional 54 shares in the last quarter. Scotia Capital Inc. boosted its stake in Verisign by 0.6% in the 2nd quarter. Scotia Capital Inc. now owns 12,000 shares of the information services provider’s stock valued at $1,115,000 after buying an additional 75 shares in the last quarter. Thrivent Financial For Lutherans boosted its stake in Verisign by 2.5% in the 2nd quarter. Thrivent Financial For Lutherans now owns 3,340 shares of the information services provider’s stock valued at $310,000 after buying an additional 80 shares in the last quarter. Conning Inc. boosted its stake in Verisign by 3.1% in the 2nd quarter. Conning Inc. now owns 2,674 shares of the information services provider’s stock valued at $249,000 after buying an additional 80 shares in the last quarter. Finally, Financial Advisors Network Inc. boosted its stake in Verisign by 3.2% in the 2nd quarter. Financial Advisors Network Inc. now owns 3,928 shares of the information services provider’s stock valued at $365,000 after buying an additional 122 shares in the last quarter.

Verisign, Inc. (NASDAQ VRSN) opened at $112.98 on Monday. The company has a debt-to-equity ratio of -1.45, a current ratio of 1.57 and a quick ratio of 1.57. The company has a market capitalization of $11,136.45, a price-to-earnings ratio of 31.56 and a beta of 1.03. Verisign, Inc. has a one year low of $75.71 and a one year high of $118.28.

Verisign (NASDAQ:VRSN) last posted its quarterly earnings data on Thursday, October 26th. The information services provider reported $1.00 EPS for the quarter, topping analysts’ consensus estimates of $0.97 by $0.03. The company had revenue of $292.40 million for the quarter, compared to analyst estimates of $290.90 million. Verisign had a negative return on equity of 36.88% and a net margin of 39.79%. The business’s revenue was up 1.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.93 earnings per share. sell-side analysts expect that Verisign, Inc. will post 3.65 EPS for the current year.

Several brokerages recently commented on VRSN. Zacks Investment Research lowered Verisign from a “hold” rating to a “sell” rating in a research note on Wednesday, November 1st. Cowen reaffirmed a “hold” rating and issued a $103.00 price target on shares of Verisign in a research note on Sunday, October 29th. Citigroup boosted their price target on Verisign from $101.00 to $111.00 and gave the company a “neutral” rating in a research note on Friday, October 27th. Robert W. Baird set a $105.00 price target on Verisign and gave the company a “hold” rating in a research note on Friday, October 6th. Finally, BidaskClub raised Verisign from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 26th. One investment 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. Verisign presently has an average rating of “Hold” and a consensus price target of $106.33.

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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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