Koch Industries Inc. Grows Position in VeriSign, Inc. (VRSN)

Koch Industries Inc. raised its holdings in VeriSign, Inc. (NASDAQ:VRSN) by 10,263.6% in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 875,519 shares of the information services provider’s stock after acquiring an additional 867,071 shares during the quarter. Koch Industries Inc. owned approximately 0.88% of VeriSign worth $866,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Cypress Capital Group bought a new position in VeriSign during the second quarter worth $266,000. Scotia Capital Inc. lifted its stake in shares of VeriSign by 0.6% in the second quarter. Scotia Capital Inc. now owns 12,000 shares of the information services provider’s stock valued at $1,115,000 after buying an additional 75 shares in the last quarter. Nomura Holdings Inc. bought a new position in shares of VeriSign in the second quarter valued at $779,000. 361 Capital LLC lifted its stake in shares of VeriSign by 68.4% in the second quarter. 361 Capital LLC now owns 102,664 shares of the information services provider’s stock valued at $9,544,000 after buying an additional 41,687 shares in the last quarter. Finally, NFC Investments LLC lifted its stake in shares of VeriSign by 0.7% in the second quarter. NFC Investments LLC now owns 87,350 shares of the information services provider’s stock valued at $8,120,000 after buying an additional 600 shares in the last quarter.

VeriSign, Inc. (NASDAQ VRSN) traded up 0.69% during trading on Friday, hitting $108.94. 702,554 shares of the stock were exchanged. The firm has a market capitalization of $10.89 billion, a price-to-earnings ratio of 29.69 and a beta of 1.19. The company has a 50-day moving average price of $106.12 and a 200 day moving average price of $96.95. VeriSign, Inc. has a 1-year low of $75.71 and a 1-year high of $110.82.

VeriSign (NASDAQ:VRSN) last announced its quarterly earnings results on Thursday, July 27th. The information services provider reported $1.05 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.99 by $0.06. VeriSign had a negative return on equity of 36.99% and a net margin of 39.92%. The business had revenue of $289.00 million for the quarter, compared to analyst estimates of $287.47 million. During the same quarter in the prior year, the company posted $0.91 EPS. The company’s quarterly revenue was up .9% on a year-over-year basis. Equities analysts predict that VeriSign, Inc. will post $3.97 earnings per share for the current fiscal year.

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

VRSN has been the topic of a number of recent research reports. Robert W. Baird set a $105.00 price objective on shares of VeriSign and gave the company a “hold” rating in a research note on Friday, October 6th. Cowen and Company reiterated a “market perform” rating and issued a $94.00 target price on shares of VeriSign in a report on Monday, July 3rd. Zacks Investment Research downgraded shares of VeriSign from a “hold” rating to a “sell” rating in a report on Wednesday, August 2nd. Finally, BidaskClub upgraded shares of VeriSign from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 26th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a strong buy rating to the company’s stock. VeriSign currently has a consensus rating of “Hold” and an average target price of $99.50.

TRADEMARK VIOLATION WARNING: “Koch Industries Inc. Grows Position in VeriSign, Inc. (VRSN)” was published by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are viewing this report on another domain, it was copied illegally and reposted in violation of US & international copyright & trademark legislatio

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Cypress Capital Group bought a new position in VeriSign during the second quarter worth $266,000. Scotia Capital Inc. lifted its stake in shares of VeriSign by 0.6% in the second quarter. Scotia Capital Inc. now owns 12,000 shares of the information services provider’s stock valued at $1,115,000 after buying an additional 75 shares in the last quarter. Nomura Holdings Inc. bought a new position in shares of VeriSign in the second quarter valued at $779,000. 361 Capital LLC lifted its stake in shares of VeriSign by 68.4% in the second quarter. 361 Capital LLC now owns 102,664 shares of the information services provider’s stock valued at $9,544,000 after buying an additional 41,687 shares in the last quarter. Finally, NFC Investments LLC lifted its stake in shares of VeriSign by 0.7% in the second quarter. NFC Investments LLC now owns 87,350 shares of the information services provider’s stock valued at $8,120,000 after buying an additional 600 shares in the last quarter.

VeriSign, Inc. (NASDAQ VRSN) traded up 0.69% during trading on Friday, hitting $108.94. 702,554 shares of the stock were exchanged. The firm has a market capitalization of $10.89 billion, a price-to-earnings ratio of 29.69 and a beta of 1.19. The company has a 50-day moving average price of $106.12 and a 200 day moving average price of $96.95. VeriSign, Inc. has a 1-year low of $75.71 and a 1-year high of $110.82.

VeriSign (NASDAQ:VRSN) last announced its quarterly earnings results on Thursday, July 27th. The information services provider reported $1.05 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.99 by $0.06. VeriSign had a negative return on equity of 36.99% and a net margin of 39.92%. The business had revenue of $289.00 million for the quarter, compared to analyst estimates of $287.47 million. During the same quarter in the prior year, the company posted $0.91 EPS. The company’s quarterly revenue was up .9% on a year-over-year basis. Equities analysts predict that VeriSign, Inc. will post $3.97 earnings per share for the current fiscal year.

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

VRSN has been the topic of a number of recent research reports. Robert W. Baird set a $105.00 price objective on shares of VeriSign and gave the company a “hold” rating in a research note on Friday, October 6th. Cowen and Company reiterated a “market perform” rating and issued a $94.00 target price on shares of VeriSign in a report on Monday, July 3rd. Zacks Investment Research downgraded shares of VeriSign from a “hold” rating to a “sell” rating in a report on Wednesday, August 2nd. Finally, BidaskClub upgraded shares of VeriSign from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 26th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a strong buy rating to the company’s stock. VeriSign currently has a consensus rating of “Hold” and an average target price of $99.50.

TRADEMARK VIOLATION WARNING: “Koch Industries Inc. Grows Position in VeriSign, Inc. (VRSN)” was published by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are viewing this report on another domain, it was copied illegally and reposted in violation of US & international copyright & trademark legislation. The legal version of this report can be accessed at https://ledgergazette.com/2017/10/22/koch-industries-inc-raises-holdings-in-verisign-inc-vrsn.html.

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).

Institutional Ownership by Quarter for VeriSign (NASDAQ:VRSN)

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