Capital Fund Management S.A. Has $745,000 Holdings in VeriSign, Inc. (VRSN)

Capital Fund Management S.A. cut its holdings in shares of VeriSign, Inc. (NASDAQ:VRSN) by 76.0% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,012 shares of the information services provider’s stock after selling 25,427 shares during the quarter. Capital Fund Management S.A.’s holdings in VeriSign were worth $745,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the business. Vanguard Group Inc. lifted its position in VeriSign by 0.7% during the 1st quarter. Vanguard Group Inc. now owns 8,489,961 shares of the information services provider’s stock worth $739,561,000 after buying an additional 58,352 shares in the last quarter. BlackRock Inc. lifted its position in VeriSign by 1,765.9% during the 1st quarter. BlackRock Inc. now owns 7,706,691 shares of the information services provider’s stock worth $671,330,000 after buying an additional 7,293,666 shares in the last quarter. Investec Asset Management LTD lifted its position in VeriSign by 0.7% during the 1st quarter. Investec Asset Management LTD now owns 2,239,238 shares of the information services provider’s stock worth $195,060,000 after buying an additional 15,451 shares in the last quarter. First Trust Advisors LP lifted its position in VeriSign by 17.5% during the 2nd quarter. First Trust Advisors LP now owns 1,168,079 shares of the information services provider’s stock worth $108,585,000 after buying an additional 173,907 shares in the last quarter. Finally, Geode Capital Management LLC lifted its position in VeriSign by 7.7% during the 1st quarter. Geode Capital Management LLC now owns 898,546 shares of the information services provider’s stock worth $78,163,000 after buying an additional 64,329 shares in the last quarter.

In related news, Director Kathleen A. Cote sold 1,500 shares of the firm’s stock in a transaction dated Tuesday, August 22nd. The shares were sold at an average price of $99.94, for a total transaction of $149,910.00. Following the transaction, the director now directly owns 38,294 shares of the company’s stock, valued at $3,827,102.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Timothy Tomlinson sold 1,240 shares of the firm’s stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $101.00, for a total transaction of $125,240.00. The disclosure for this sale can be found here. 0.92% of the stock is owned by company insiders.

Shares of VeriSign, Inc. (NASDAQ:VRSN) opened at 104.39 on Friday. The stock has a 50 day moving average of $101.05 and a 200-day moving average of $93.16. The company has a market capitalization of $10.43 billion, a PE ratio of 28.45 and a beta of 1.18. VeriSign, Inc. has a one year low of $74.46 and a one year high of $105.00.

VeriSign (NASDAQ:VRSN) last issued its quarterly earnings data on Thursday, July 27th. The information services provider reported $1.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.99 by $0.06. The firm had revenue of $289.00 million during the quarter, compared to analysts’ expectations of $287.47 million. VeriSign had a net margin of 39.92% and a negative return on equity of 36.99%. The business’s revenue was up .9% on a year-over-year basis. During the same period last year, the company earned $0.91 earnings per share. On average, equities analysts forecast that VeriSign, Inc. will post $3.97 earnings per share for the current fiscal year.

VRSN has been the topic of several analyst reports. Zacks Investment Research cut shares of VeriSign from a “buy” rating to a “hold” rating in a research report on Friday, May 26th. BidaskClub raised shares of VeriSign from a “buy” rating to a “strong-buy” rating in a research report on Thursday, June 22nd. Cowen and Company reissued a “market perform” rating and set a $94.00 price target on shares of VeriSign in a research report on Monday, July 3rd. Finally, Robert W. Baird reissued a “hold” rating and set a $105.00 price target on shares of VeriSign in a research report on Thursday, August 31st. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $92.75.

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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).

Institutional Ownership by Quarter for VeriSign (NASDAQ:VRSN)

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