Livforsakringsbolaget Skandia Omsesidigt maintained its stake in shares of VeriSign, Inc. (NASDAQ:VRSN) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,552 shares of the company’s stock at the end of the third quarter. Livforsakringsbolaget Skandia Omsesidigt’s holdings in VeriSign were worth $591,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in VRSN. Tower Research Capital LLC TRC increased its stake in VeriSign by 22.1% in the second quarter. Tower Research Capital LLC TRC now owns 1,215 shares of the company’s stock worth $105,000 after buying an additional 220 shares in the last quarter. Mizuho Asset Management Co. Ltd. increased its stake in VeriSign by 112.0% in the second quarter. Mizuho Asset Management Co. Ltd. now owns 1,327 shares of the company’s stock worth $115,000 after buying an additional 701 shares in the last quarter. Pinkerton Retirement Specialists LLC acquired a new stake in VeriSign during the second quarter worth about $123,000. Pacer Advisors Inc. increased its stake in VeriSign by 12.5% in the second quarter. Pacer Advisors Inc. now owns 1,623 shares of the company’s stock worth $140,000 after buying an additional 180 shares in the last quarter. Finally, Quadrant Capital Group LLC increased its stake in VeriSign by 1.0% in the second quarter. Quadrant Capital Group LLC now owns 1,656 shares of the company’s stock worth $140,000 after buying an additional 17 shares in the last quarter.
VeriSign, Inc. (NASDAQ:VRSN) traded up 0.39% during trading on Wednesday, hitting $80.62. 877,914 shares of the stock traded hands. VeriSign, Inc. has a 52-week low of $70.26 and a 52-week high of $91.99. The firm has a 50-day moving average price of $79.07 and a 200 day moving average price of $79.64. The company has a market cap of $8.43 billion, a P/E ratio of 24.15 and a beta of 1.18.
VeriSign (NASDAQ:VRSN) last posted its earnings results on Thursday, October 27th. The company reported $0.93 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.87 by $0.06. VeriSign had a net margin of 38.69% and a negative return on equity of 37.72%. The business had revenue of $287.60 million for the quarter, compared to analysts’ expectations of $287.08 million. During the same quarter in the prior year, the business earned $0.78 EPS. The business’s revenue for the quarter was up 8.2% compared to the same quarter last year. On average, equities analysts expect that VeriSign, Inc. will post $3.56 EPS for the current year.
VRSN has been the subject of several research reports. Zacks Investment Research upgraded shares of VeriSign from a “hold” rating to a “buy” rating and set a $91.00 price objective for the company in a research report on Monday, October 24th. Citigroup Inc. reiterated a “sell” rating and set a $70.00 price objective on shares of VeriSign in a research report on Friday, September 23rd.
VeriSign Company Profile
VeriSign, Inc is a provider of domain name registry services and Internet security, enabling Internet navigation for domain names and providing protection for Websites and enterprises around the world (Registry Services). The Company operates in Registry Services and Security Services segment. Its product suite also includes Security Services consisting of Distributed Denial of Service (DDoS) Protection Services, Verisign iDefense Security Intelligence Services (iDefense) and Managed Domain Name System (Managed DNS) Services.
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