Verisign, Inc. (VRSN) Shares Sold by Chevy Chase Trust Holdings Inc.

Chevy Chase Trust Holdings Inc. cut its holdings in Verisign, Inc. (NASDAQ:VRSN) by 1.2% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 75,176 shares of the information services provider’s stock after selling 880 shares during the period. Chevy Chase Trust Holdings Inc. owned approximately 0.08% of Verisign worth $7,998,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also bought and sold shares of VRSN. Grove Bank & Trust raised its position in shares of Verisign by 186.5% in the 3rd quarter. Grove Bank & Trust now owns 1,060 shares of the information services provider’s stock worth $113,000 after acquiring an additional 690 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. raised its position in shares of Verisign by 21.9% in the 2nd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,420 shares of the information services provider’s stock worth $133,000 after acquiring an additional 255 shares in the last quarter. Acrospire Investment Management LLC raised its position in shares of Verisign by 128.6% in the 2nd quarter. Acrospire Investment Management LLC now owns 1,600 shares of the information services provider’s stock worth $149,000 after acquiring an additional 900 shares in the last quarter. Global X Management Co. LLC raised its position in shares of Verisign by 13.4% in the 2nd quarter. Global X Management Co. LLC now owns 1,632 shares of the information services provider’s stock worth $152,000 after acquiring an additional 193 shares in the last quarter. Finally, Hikari Power Ltd bought a new position in shares of Verisign in the 2nd quarter worth about $207,000.

Several research analysts have recently weighed in on the company. Robert W. Baird set a $105.00 price objective on Verisign and gave the stock a “hold” rating in a research report on Friday, October 6th. Cowen reaffirmed a “hold” rating and issued a $103.00 target price on shares of Verisign in a research report on Sunday, October 29th. BidaskClub raised Verisign from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 26th. Zacks Investment Research lowered Verisign from a “hold” rating to a “sell” rating in a research report on Wednesday, November 1st. Finally, Citigroup boosted their target price on Verisign from $101.00 to $111.00 and gave the company a “neutral” rating in a research report on Friday, October 27th. One analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $106.33.

Shares of Verisign, Inc. (NASDAQ:VRSN) opened at $115.03 on Friday. Verisign, Inc. has a 12-month low of $75.71 and a 12-month high of $118.28. The company has a market capitalization of $11,250.00, a PE ratio of 31.78 and a beta of 1.03. The company has a debt-to-equity ratio of -1.45, a current ratio of 1.57 and a quick ratio of 1.57.

Verisign (NASDAQ:VRSN) last issued its earnings results on Thursday, October 26th. The information services provider reported $1.00 EPS for the quarter, beating analysts’ consensus estimates of $0.97 by $0.03. The business had revenue of $292.40 million during the quarter, compared to analyst estimates 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 previous year, the company posted $0.93 EPS. equities analysts anticipate that Verisign, Inc. will post 3.65 earnings per share for the current fiscal year.

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Verisign 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).

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Institutional Ownership by Quarter for Verisign (NASDAQ:VRSN)

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