Voloridge Investment Management LLC lessened its holdings in VeriSign, Inc. (NASDAQ:VRSN) by 10.6% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 173,617 shares of the information services provider’s stock after selling 20,603 shares during the period. Voloridge Investment Management LLC’s holdings in VeriSign were worth $34,508,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors have also made changes to their positions in the company. Healthcare of Ontario Pension Plan Trust Fund raised its position in shares of VeriSign by 79.2% in the fourth quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,968 shares of the information services provider’s stock valued at $426,000 after purchasing an additional 870 shares during the period. Stifel Financial Corp raised its position in shares of VeriSign by 5.1% in the fourth quarter. Stifel Financial Corp now owns 18,754 shares of the information services provider’s stock valued at $4,058,000 after purchasing an additional 906 shares during the period. Janus Henderson Group PLC raised its position in shares of VeriSign by 16.6% in the fourth quarter. Janus Henderson Group PLC now owns 566,678 shares of the information services provider’s stock valued at $122,555,000 after purchasing an additional 80,550 shares during the period. Schroder Investment Management Group raised its position in shares of VeriSign by 2.3% in the fourth quarter. Schroder Investment Management Group now owns 342,114 shares of the information services provider’s stock valued at $74,033,000 after purchasing an additional 7,651 shares during the period. Finally, Alpha DNA Investment Management LLC bought a new position in shares of VeriSign in the fourth quarter valued at about $54,000. 88.73% of the stock is owned by institutional investors and hedge funds.
In other VeriSign news, EVP Thomas C. Indelicarto sold 613 shares of the stock in a transaction dated Wednesday, May 12th. The shares were sold at an average price of $219.34, for a total transaction of $134,455.42. Following the sale, the executive vice president now directly owns 58,333 shares in the company, valued at $12,794,760.22. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, COO Todd B. Strubbe sold 3,000 shares of the stock in a transaction dated Wednesday, July 7th. The stock was sold at an average price of $231.32, for a total transaction of $693,960.00. The disclosure for this sale can be found here. Insiders have sold 23,552 shares of company stock worth $5,229,909 over the last quarter. Corporate insiders own 1.27% of the company’s stock.
VeriSign (NASDAQ:VRSN) last announced its quarterly earnings data on Thursday, April 22nd. The information services provider reported $1.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.29 by $0.04. The firm had revenue of $323.62 million for the quarter, compared to the consensus estimate of $322.82 million. VeriSign had a net margin of 49.42% and a negative return on equity of 45.21%. The business’s revenue for the quarter was up 3.6% on a year-over-year basis. During the same period in the prior year, the company posted $1.42 earnings per share. Analysts anticipate that VeriSign, Inc. will post 5.35 EPS for the current year.
VRSN has been the topic of several research analyst reports. increased their price objective on shares of VeriSign from $235.00 to $245.00 in a research report on Friday, April 23rd. Citigroup raised their price target on shares of VeriSign from $235.00 to $245.00 in a research report on Friday, April 23rd.
VeriSign, Inc, together with its subsidiaries, provides domain name registry services and internet infrastructure that enables internet navigation for various recognized domain names worldwide. It enables the security, stability, and resiliency of internet infrastructure and services, including providing root zone maintainer services, operating two of the 13 internet root servers; and offering registration services and authoritative resolution for the .com and .net domains, which support global e-commerce.
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