Aberdeen Asset Management PLC UK reduced its stake in shares of VeriSign, Inc. (NASDAQ:VRSN) by 4.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 110,181 shares of the company’s stock after selling 5,003 shares during the period. Aberdeen Asset Management PLC UK’s holdings in VeriSign were worth $8,381,000 as of its most recent filing with the SEC.
Other hedge funds have also modified their holdings of the company. BlackRock Fund Advisors raised its position in VeriSign by 0.8% in the third quarter. BlackRock Fund Advisors now owns 1,659,396 shares of the company’s stock valued at $129,831,000 after buying an additional 12,396 shares during the last quarter. Schroder Investment Management Group raised its stake in VeriSign by 135.4% in the third quarter. Schroder Investment Management Group now owns 329,913 shares of the company’s stock worth $25,812,000 after buying an additional 189,788 shares during the period. First Trust Advisors LP boosted its position in shares of VeriSign by 3.7% in the third quarter. First Trust Advisors LP now owns 1,033,767 shares of the company’s stock valued at $80,882,000 after buying an additional 36,980 shares in the last quarter. Riverhead Capital Management LLC boosted its position in shares of VeriSign by 568.6% in the third quarter. Riverhead Capital Management LLC now owns 52,736 shares of the company’s stock valued at $4,126,000 after buying an additional 44,849 shares in the last quarter. Finally, Roosevelt Investment Group Inc. boosted its position in shares of VeriSign by 17.3% in the second quarter. Roosevelt Investment Group Inc. now owns 142,713 shares of the company’s stock valued at $12,339,000 after buying an additional 21,076 shares in the last quarter.
VeriSign, Inc. (NASDAQ:VRSN) opened at 82.68 on Wednesday. VeriSign, Inc. has a one year low of $73.80 and a one year high of $91.99. The stock has a market cap of $8.52 billion, a price-to-earnings ratio of 24.18 and a beta of 1.20. The firm’s 50 day moving average price is $80.48 and its 200 day moving average price is $79.27.
VeriSign (NASDAQ:VRSN) last posted its earnings results on Thursday, February 9th. The company reported $0.92 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.88 by $0.04. The firm earned $286 million during the quarter, compared to the consensus estimate of $282.97 million. VeriSign had a net margin of 38.58% and a negative return on equity of 36.88%. The company’s revenue was up 5.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.79 EPS. Equities analysts forecast that VeriSign, Inc. will post $3.86 earnings per share for the current year.
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Separately, Zacks Investment Research raised shares of VeriSign from a “hold” rating to a “buy” rating and set a $91.00 price objective on the stock in a research report on Monday, October 24th.
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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