Norinchukin Bank The lifted its stake in shares of Verisign, Inc. (NASDAQ:VRSN) by 26.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 13,800 shares of the information services provider’s stock after acquiring an additional 2,922 shares during the quarter. Norinchukin Bank The’s holdings in Verisign were worth $2,210,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. First Trust Advisors LP boosted its holdings in Verisign by 3.1% during the third quarter. First Trust Advisors LP now owns 1,822,904 shares of the information services provider’s stock worth $291,883,000 after buying an additional 54,837 shares in the last quarter. Northern Trust Corp boosted its holdings in Verisign by 9.3% during the second quarter. Northern Trust Corp now owns 1,339,152 shares of the information services provider’s stock worth $184,027,000 after buying an additional 113,409 shares in the last quarter. American Century Companies Inc. boosted its holdings in Verisign by 1.5% during the third quarter. American Century Companies Inc. now owns 1,056,680 shares of the information services provider’s stock worth $169,196,000 after buying an additional 15,724 shares in the last quarter. Janus Henderson Group PLC boosted its holdings in Verisign by 0.8% during the second quarter. Janus Henderson Group PLC now owns 947,061 shares of the information services provider’s stock worth $130,145,000 after buying an additional 7,063 shares in the last quarter. Finally, Schroder Investment Management Group boosted its holdings in Verisign by 4.8% during the second quarter. Schroder Investment Management Group now owns 839,617 shares of the information services provider’s stock worth $64,137,000 after buying an additional 38,232 shares in the last quarter. Institutional investors and hedge funds own 94.50% of the company’s stock.

In related news, Director Kathleen A. Cote sold 2,384 shares of the firm’s stock in a transaction that occurred on Monday, November 5th. The shares were sold at an average price of $160.50, for a total value of $382,632.00. Following the completion of the transaction, the director now owns 37,594 shares of the company’s stock, valued at approximately $6,033,837. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.35% of the company’s stock.

Shares of NASDAQ:VRSN opened at $147.19 on Wednesday. The company has a market cap of $18.83 billion, a P/E ratio of 40.00 and a beta of 0.98. Verisign, Inc. has a 1-year low of $105.40 and a 1-year high of $176.76.

Verisign (NASDAQ:VRSN) last posted its quarterly earnings data on Thursday, October 25th. The information services provider reported $1.23 EPS for the quarter, topping analysts’ consensus estimates of $1.10 by $0.13. Verisign had a net margin of 41.82% and a negative return on equity of 38.09%. The firm had revenue of $305.78 million during the quarter, compared to analyst estimates of $305.25 million. On average, equities research analysts predict that Verisign, Inc. will post 4.37 EPS for the current fiscal year.

A number of analysts recently weighed in on the stock. Citigroup raised their target price on shares of Verisign from $152.00 to $155.00 and gave the stock a “neutral” rating in a report on Friday, November 2nd. JPMorgan Chase & Co. raised their target price on shares of Verisign from $123.00 to $125.00 and gave the stock an “average” rating in a report on Monday, September 24th. BidaskClub upgraded shares of Verisign from a “buy” rating to a “strong-buy” rating in a report on Thursday, August 30th. Zacks Investment Research restated a “hold” rating on shares of Verisign in a report on Saturday. Finally, Robert W. Baird restated a “hold” rating and set a $160.00 target price on shares of Verisign in a report on Friday, July 27th. One analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $154.40.

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Verisign Company Profile

VeriSign, Inc provides domain name registry services and Internet security worldwide. The company offers registry services that operate the authoritative directory of .com, .net, .cc, .tv, .gov, .jobs, .edu, .name, and other domain names. Its registry services allow individuals and organizations to establish their online identities.

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Institutional Ownership by Quarter for Verisign (NASDAQ:VRSN)

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