Banque Pictet & Cie SA boosted its holdings in VeriSign, Inc. (NASDAQ:VRSN) by 1.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 74,399 shares of the information services provider’s stock after buying an additional 1,180 shares during the quarter. Banque Pictet & Cie SA owned approximately 0.08% of VeriSign worth $7,915,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Vanguard Group Inc. raised its holdings in VeriSign by 3.4% during the 2nd quarter. Vanguard Group Inc. now owns 8,782,015 shares of the information services provider’s stock worth $816,376,000 after purchasing an additional 292,054 shares during the last quarter. BlackRock Inc. raised its holdings in VeriSign by 8.9% during the 2nd quarter. BlackRock Inc. now owns 8,394,049 shares of the information services provider’s stock worth $780,310,000 after purchasing an additional 687,358 shares during the last quarter. Renaissance Technologies LLC raised its holdings in VeriSign by 22.9% during the 2nd quarter. Renaissance Technologies LLC now owns 5,045,476 shares of the information services provider’s stock worth $469,027,000 after purchasing an additional 941,100 shares during the last quarter. Principal Financial Group Inc. raised its holdings 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 purchasing an additional 187,012 shares during the last quarter. Finally, Investec Asset Management LTD raised its holdings in VeriSign by 11.0% during the 2nd quarter. Investec Asset Management LTD now owns 2,486,365 shares of the information services provider’s stock worth $231,132,000 after purchasing an additional 247,127 shares during the last quarter.
In other VeriSign news, Director Kathleen A. Cote sold 1,500 shares of VeriSign stock in a transaction on 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 approximately $3,827,102.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.92% of the company’s stock.
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VeriSign, Inc. (VRSN) traded up $2.55 during midday trading on Friday, reaching $112.97. 801,800 shares of the company traded hands, compared to its average volume of 793,712. VeriSign, Inc. has a twelve month low of $75.71 and a twelve month high of $113.62. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of -1.45. The firm has a market cap of $10,884.11, a P/E ratio of 30.84 and a beta of 1.03.
VeriSign (NASDAQ:VRSN) last posted its quarterly earnings results on Thursday, October 26th. The information services provider reported $1.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.97 by $0.03. VeriSign had a net margin of 39.79% and a negative return on equity of 36.88%. The business had revenue of $292.40 million during the quarter, compared to the consensus estimate of $290.90 million. During the same quarter last year, the firm posted $0.93 EPS. VeriSign’s revenue was up 1.7% compared to the same quarter last year. sell-side analysts anticipate that VeriSign, Inc. will post 3.65 EPS for the current fiscal year.
Several analysts have recently weighed in on the stock. Zacks Investment Research lowered shares of VeriSign from a “hold” rating to a “sell” rating in a research note on Wednesday, August 2nd. BidaskClub lowered shares of VeriSign from a “strong-buy” rating to a “buy” rating in a research note on Friday, August 4th. Cowen and Company reiterated a “hold” rating and issued a $103.00 price objective on shares of VeriSign in a research note on Sunday, October 29th. 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. Finally, Citigroup Inc. lifted their price objective on shares of VeriSign from $101.00 to $111.00 and gave the company a “neutral” rating in a research note on Friday, October 27th. One equities research 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 company. The stock has a consensus rating of “Hold” and an average target price of $106.33.
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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