Caxton Associates LP purchased a new stake in Verisign, Inc. (NASDAQ:VRSN) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 5,200 shares of the information services provider’s stock, valued at approximately $553,000.
Several other institutional investors and hedge funds have also recently made changes to their positions in VRSN. Jane Street Group LLC increased its holdings in Verisign by 271.8% in the third quarter. Jane Street Group LLC now owns 10,056 shares of the information services provider’s stock valued at $1,070,000 after purchasing an additional 7,351 shares during the period. Vident Investment Advisory LLC acquired a new stake in Verisign in the third quarter valued at $417,000. Gruss Capital Management LP increased its holdings in Verisign by 10.2% in the third quarter. Gruss Capital Management LP now owns 920,000 shares of the information services provider’s stock valued at $97,879,000 after purchasing an additional 85,000 shares during the period. First Republic Investment Management Inc. acquired a new stake in Verisign in the third quarter valued at $240,000. Finally, Nomura Asset Management Co. Ltd. acquired a new stake in Verisign in the third quarter valued at $1,305,000.
Shares of Verisign, Inc. (VRSN) opened at $114.37 on Wednesday. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of -1.45. Verisign, Inc. has a 1-year low of $75.71 and a 1-year high of $118.28. The firm has a market capitalization of $11,268.53, a price-to-earnings ratio of 31.93 and a beta of 1.03.
Verisign (NASDAQ:VRSN) last issued its quarterly earnings results on Thursday, October 26th. The information services provider reported $1.00 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.97 by $0.03. Verisign had a negative return on equity of 36.88% and a net margin of 39.79%. The firm had revenue of $292.40 million during the quarter, compared to the consensus estimate of $290.90 million. During the same period last year, the business posted $0.93 EPS. The business’s revenue was up 1.7% compared to the same quarter last year. equities analysts anticipate that Verisign, Inc. will post 3.65 EPS for the current fiscal year.
VRSN has been the subject of a number of recent research reports. Robert W. Baird set a $105.00 price objective on Verisign and gave the company a “hold” rating in a report on Friday, October 6th. BidaskClub upgraded Verisign from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 26th. Zacks Investment Research downgraded Verisign from a “hold” rating to a “sell” rating in a report on Wednesday, November 1st. Cowen restated a “hold” rating and issued a $103.00 price objective on shares of Verisign in a report on Sunday, October 29th. Finally, Citigroup increased their price objective on Verisign from $101.00 to $111.00 and gave the company a “neutral” rating in a report on Friday, October 27th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $106.33.
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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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