Schwab Charles Investment Management Inc. Sells 64,968 Shares of Verisign, Inc. (VRSN)

Schwab Charles Investment Management Inc. reduced its stake in shares of Verisign, Inc. (NASDAQ:VRSN) by 11.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 490,347 shares of the information services provider’s stock after selling 64,968 shares during the quarter. Schwab Charles Investment Management Inc.’s holdings in Verisign were worth $56,116,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of VRSN. Koch Industries Inc. grew its stake in Verisign by 10,263.6% during the 2nd quarter. Koch Industries Inc. now owns 875,519 shares of the information services provider’s stock worth $866,000 after buying an additional 867,071 shares during the last quarter. APG Asset Management N.V. grew its stake in Verisign by 160.6% during the 3rd quarter. APG Asset Management N.V. now owns 1,165,476 shares of the information services provider’s stock worth $123,995,000 after buying an additional 718,183 shares during the last quarter. Bank of Montreal Can grew its stake in Verisign by 187.6% during the 4th quarter. Bank of Montreal Can now owns 653,586 shares of the information services provider’s stock worth $74,797,000 after buying an additional 426,334 shares during the last quarter. Principal Financial Group Inc. grew its stake in Verisign by 5.7% during the 3rd quarter. Principal Financial Group Inc. now owns 3,457,625 shares of the information services provider’s stock worth $367,857,000 after buying an additional 187,012 shares during the last quarter. Finally, Teacher Retirement System of Texas grew its stake in Verisign by 238.4% during the 3rd quarter. Teacher Retirement System of Texas now owns 204,185 shares of the information services provider’s stock worth $21,723,000 after buying an additional 143,853 shares during the last quarter.

A number of brokerages recently commented on VRSN. Zacks Investment Research upgraded Verisign from a “sell” rating to a “hold” rating in a research note on Tuesday, December 26th. BidaskClub downgraded Verisign from a “buy” rating to a “hold” rating in a research note on Thursday, January 11th. Citigroup increased their price target on Verisign from $101.00 to $111.00 and gave the stock a “neutral” rating in a research note on Friday, October 27th. Finally, Cowen reissued a “hold” rating and issued a $103.00 price target on shares of Verisign in a research note on Sunday, October 29th. Five analysts have rated the stock with a hold rating, The company presently has an average rating of “Hold” and a consensus price target of $106.33.

Verisign, Inc. (NASDAQ VRSN) opened at $108.73 on Tuesday. Verisign, Inc. has a 52 week low of $81.17 and a 52 week high of $118.28. The stock has a market capitalization of $10,720.00, a price-to-earnings ratio of 29.39 and a beta of 0.92. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of -1.45.

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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).

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Institutional Ownership by Quarter for Verisign (NASDAQ:VRSN)

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