Investec Asset Management PTY Ltd increased its stake in VeriSign, Inc. (NASDAQ:VRSN) by 8.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,540 shares of the company’s stock after buying an additional 580 shares during the period. Investec Asset Management PTY Ltd’s holdings in VeriSign were worth $574,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in VRSN. Old Mutual Global Investors UK Ltd. increased its position in shares of VeriSign by 223.8% in the third quarter. Old Mutual Global Investors UK Ltd. now owns 811,885 shares of the company’s stock valued at $63,521,000 after buying an additional 561,126 shares during the period. BlackRock Inc. increased its position in shares of VeriSign by 151.2% in the second quarter. BlackRock Inc. now owns 853,326 shares of the company’s stock valued at $73,778,000 after buying an additional 513,679 shares during the period. Two Sigma Advisers LP increased its position in shares of VeriSign by 51.0% in the third quarter. Two Sigma Advisers LP now owns 873,780 shares of the company’s stock valued at $68,365,000 after buying an additional 295,000 shares during the period. D. E. Shaw & Co. Inc. increased its position in shares of VeriSign by 7.4% in the third quarter. D. E. Shaw & Co. Inc. now owns 3,627,611 shares of the company’s stock valued at $283,825,000 after buying an additional 248,488 shares during the period. Finally, Schroder Investment Management Group increased its position in shares of VeriSign by 135.4% in the third quarter. Schroder Investment Management Group now owns 329,913 shares of the company’s stock valued at $25,812,000 after buying an additional 189,788 shares during the period.
VeriSign, Inc. (NASDAQ:VRSN) traded up 0.75% during mid-day trading on Friday, reaching $83.14. The company’s stock had a trading volume of 1,417,064 shares. The stock’s 50 day moving average is $80.22 and its 200 day moving average is $79.38. The firm has a market cap of $8.69 billion, a PE ratio of 24.91 and a beta of 1.20. VeriSign, Inc. has a one year low of $74.01 and a one year high of $91.99.
VeriSign (NASDAQ:VRSN) last released its quarterly earnings results on Thursday, February 9th. The company reported $0.92 EPS for the quarter, topping the consensus estimate of $0.88 by $0.04. VeriSign had a negative return on equity of 37.72% and a net margin of 38.69%. The business earned $286 million during the quarter, compared to analyst estimates of $282.97 million. During the same period last year, the business posted $0.79 earnings per share. The company’s quarterly revenue was up 5.0% on a year-over-year basis. On average, analysts anticipate that VeriSign, Inc. will post $3.82 EPS for the current year.
Separately, Zacks Investment Research upgraded VeriSign from a “hold” rating to a “buy” rating and set a $91.00 target price on the stock in a research note 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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