Prudential Financial Inc. boosted its position in VeriSign Inc. (NASDAQ:VRSN) by 10.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 133,198 shares of the company’s stock after buying an additional 12,400 shares during the period. Prudential Financial Inc. owned about 0.12% of VeriSign worth $11,516,000 as of its most recent SEC filing.
Other institutional investors have also recently modified their holdings of the company. Teacher Retirement System of Texas increased its position in shares of VeriSign by 21.1% in the second quarter. Teacher Retirement System of Texas now owns 97,730 shares of the company’s stock worth $8,450,000 after buying an additional 17,044 shares during the last quarter. SECOR Capital Advisors LP increased its position in shares of VeriSign by 27.2% in the second quarter. SECOR Capital Advisors LP now owns 23,854 shares of the company’s stock worth $2,062,000 after buying an additional 5,097 shares during the last quarter. Victory Capital Management Inc. increased its position in shares of VeriSign by 3.8% in the second quarter. Victory Capital Management Inc. now owns 8,186 shares of the company’s stock worth $708,000 after buying an additional 302 shares during the last quarter. Commerce Bank purchased a new position in shares of VeriSign during the second quarter worth $365,000. Finally, UBS Asset Management Americas Inc. increased its position in shares of VeriSign by 1.7% in the second quarter. UBS Asset Management Americas Inc. now owns 271,685 shares of the company’s stock worth $23,490,000 after buying an additional 4,665 shares during the last quarter.
VeriSign Inc. (NASDAQ:VRSN) traded up 0.05% during trading on Tuesday, hitting $78.87. 88,280 shares of the company’s stock traded hands. The company’s 50 day moving average price is $76.65 and its 200 day moving average price is $83.56. VeriSign Inc. has a 52-week low of $70.26 and a 52-week high of $93.94. The company has a market cap of $8.42 billion, a PE ratio of 25.13 and a beta of 1.25.
VeriSign (NASDAQ:VRSN) last issued its earnings results on Thursday, July 28th. The company reported $0.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.86 by $0.05. VeriSign had a negative return on equity of 37.96% and a net margin of 37.47%. The company had revenue of $286 million for the quarter, compared to analysts’ expectations of $284.34 million. During the same period last year, the business earned $0.74 EPS. VeriSign’s quarterly revenue was up 9.1% compared to the same quarter last year. Analysts expect that VeriSign Inc. will post $3.49 earnings per share for the current year.
A number of brokerages recently weighed in on VRSN. Zacks Investment Research downgraded shares of VeriSign from a “buy” rating to a “hold” rating in a report on Wednesday, September 28th. Citigroup Inc. reiterated a “sell” rating and issued a $70.00 price objective on shares of VeriSign in a report on Friday, September 23rd. Cowen and Company reiterated a “market perform” rating and issued a $80.00 price objective on shares of VeriSign in a report on Tuesday, September 6th. Finally, JPMorgan Chase & Co. upped their price objective on shares of VeriSign from $84.00 to $88.00 and gave the company an “underweight” rating in a report on Friday, July 29th.
In related news, Director Timothy Tomlinson sold 1,477 shares of the stock in a transaction on Tuesday, August 2nd. The stock was sold at an average price of $85.30, for a total value of $125,988.10. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.92% of the stock is owned by corporate insiders.
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.
Receive News & Ratings for VeriSign Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for VeriSign Inc. and related companies with MarketBeat.com's FREE daily email newsletter.