DekaBank Deutsche Girozentrale raised its holdings in VeriSign, Inc. (NASDAQ:VRSN) by 18.9% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 49,940 shares of the information services provider’s stock after purchasing an additional 7,948 shares during the quarter. DekaBank Deutsche Girozentrale owned 0.05% of VeriSign worth $5,001,000 as of its most recent SEC filing.
A number of other large investors have also bought and sold shares of VRSN. Migdal Insurance & Financial Holdings Ltd. grew its stake in VeriSign by 21.9% during the 2nd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,420 shares of the information services provider’s stock worth $133,000 after purchasing an additional 255 shares in the last quarter. Acrospire Investment Management LLC grew its stake in VeriSign by 128.6% during the 2nd quarter. Acrospire Investment Management LLC now owns 1,600 shares of the information services provider’s stock worth $149,000 after purchasing an additional 900 shares in the last quarter. Global X Management Co. LLC grew its stake in VeriSign by 13.4% during the 2nd quarter. Global X Management Co. LLC now owns 1,632 shares of the information services provider’s stock worth $152,000 after purchasing an additional 193 shares in the last quarter. Whittier Trust Co. of Nevada Inc. grew its stake in VeriSign by 2.1% during the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 2,086 shares of the information services provider’s stock worth $194,000 after purchasing an additional 42 shares in the last quarter. Finally, Hikari Power Ltd acquired a new position in VeriSign during the 2nd quarter worth $207,000.
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Shares of VeriSign, Inc. (NASDAQ VRSN) opened at $113.75 on Monday. VeriSign, Inc. has a fifty-two week low of $75.71 and a fifty-two week high of $114.00. The company has a debt-to-equity ratio of -1.45, a current ratio of 1.57 and a quick ratio of 1.57. The firm has a market capitalization of $11,210.00, a PE ratio of 31.77 and a beta of 1.03.
VeriSign (NASDAQ:VRSN) last posted its quarterly earnings data on Thursday, October 26th. The information services provider reported $1.00 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.97 by $0.03. The firm had revenue of $292.40 million during the quarter, compared to the consensus estimate of $290.90 million. VeriSign had a negative return on equity of 36.88% and a net margin of 39.79%. The firm’s revenue was up 1.7% compared to the same quarter last year. During the same period in the prior year, the business earned $0.93 EPS. analysts anticipate that VeriSign, Inc. will post 3.65 earnings per share for the current fiscal year.
Several research analysts recently commented on VRSN shares. Zacks Investment Research cut VeriSign from a “hold” rating to a “sell” rating in a research note on Wednesday, August 2nd. BidaskClub cut VeriSign from a “strong-buy” rating to a “buy” rating in a research report on Friday, August 4th. Robert W. Baird reaffirmed a “hold” rating and set a $105.00 price objective on shares of VeriSign in a research report on Thursday, August 31st. Citigroup Inc. upped their price objective on VeriSign from $101.00 to $111.00 and gave the stock a “neutral” rating in a research report on Friday, October 27th. Finally, Cowen and Company reaffirmed a “hold” rating and set a $103.00 price objective on shares of VeriSign in a research report on Sunday, October 29th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $106.33.
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).
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