VeriSign, Inc. (VRSN) Shares Sold by Invictus RG

Invictus RG cut its position in VeriSign, Inc. (NASDAQ:VRSN) by 10.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,264 shares of the information services provider’s stock after selling 362 shares during the period. Invictus RG’s holdings in VeriSign were worth $284,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Pacer Advisors Inc. raised its position in VeriSign by 3.4% in the first quarter. Pacer Advisors Inc. now owns 1,654 shares of the information services provider’s stock worth $144,000 after buying an additional 55 shares during the period. Fifth Third Bancorp raised its position in VeriSign by 5.1% in the first quarter. Fifth Third Bancorp now owns 1,702 shares of the information services provider’s stock worth $148,000 after buying an additional 82 shares during the period. Thrivent Financial For Lutherans raised its position in VeriSign by 3.2% in the first quarter. Thrivent Financial For Lutherans now owns 3,260 shares of the information services provider’s stock worth $284,000 after buying an additional 100 shares during the period. Raymond James Financial Services Advisors Inc. raised its position in VeriSign by 1.3% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 9,975 shares of the information services provider’s stock worth $869,000 after buying an additional 126 shares during the period. Finally, Thrivent Financial for Lutherans raised its position in VeriSign by 4.3% in the fourth quarter. Thrivent Financial for Lutherans now owns 3,160 shares of the information services provider’s stock worth $240,000 after buying an additional 130 shares during the period.

Institutional Ownership by Quarter for VeriSign (NASDAQ:VRSN)

VeriSign, Inc. (NASDAQ:VRSN) traded up 1.29% during mid-day trading on Monday, hitting $93.65. 476,818 shares of the stock traded hands. The stock’s 50 day moving average is $90.57 and its 200-day moving average is $84.88. The company has a market cap of $9.50 billion, a price-to-earnings ratio of 26.45 and a beta of 1.24. VeriSign, Inc. has a 12 month low of $74.01 and a 12 month high of $93.92.

VeriSign (NASDAQ:VRSN) last posted its quarterly earnings results on Thursday, April 27th. The information services provider reported $0.86 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.86. The company had revenue of $288.60 million for the quarter, compared to the consensus estimate of $284.70 million. VeriSign had a net margin of 39.13% and a negative return on equity of 36.75%. VeriSign’s revenue was up 2.4% on a year-over-year basis. During the same quarter last year, the firm posted $0.85 earnings per share. On average, equities research analysts anticipate that VeriSign, Inc. will post $3.95 EPS for the current year.

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Several research firms have recently commented on VRSN. Zacks Investment Research raised shares of VeriSign from a “hold” rating to a “buy” rating and set a $102.00 price target on the stock in a research report on Wednesday, June 14th. Citigroup Inc. raised shares of VeriSign from a “sell” rating to a “neutral” rating in a research report on Wednesday, April 12th. Cowen and Company lifted their price target on shares of VeriSign from $89.00 to $94.00 and gave the company a “market perform” rating in a research report on Monday, April 3rd. Finally, Robert W. Baird reaffirmed a “neutral” rating and set a $85.00 price target on shares of VeriSign in a research report on Tuesday, February 28th. One analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $87.80.

VeriSign Company Profile

VeriSign, Inc is a provider of domain name registry services and Internet security. The Company operates through Registry Services and Security Services segment. Registry Services ensure the security, stability and resiliency of Internet infrastructure and services, including the .com and .net domains, and operation of the root-zone maintainer functions for the core of the Internet’s Domain Name System (DNS).new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:VRSN”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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