VeriSign, Inc. (VRSN) Shares Sold by Smith Asset Management Group LP

Smith Asset Management Group LP reduced its position in VeriSign, Inc. (NASDAQ:VRSN) by 12.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 319,490 shares of the information services provider’s stock after selling 46,500 shares during the period. Smith Asset Management Group LP owned about 0.32% of VeriSign worth $29,700,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Tower Research Capital LLC TRC raised its stake in shares of VeriSign by 24.6% in the first quarter. Tower Research Capital LLC TRC now owns 1,200 shares of the information services provider’s stock worth $105,000 after buying an additional 237 shares in the last quarter. TrimTabs Asset Management LLC raised its stake in shares of VeriSign by 89.1% in the first quarter. TrimTabs Asset Management LLC now owns 1,341 shares of the information services provider’s stock worth $117,000 after buying an additional 632 shares in the last quarter. Global X Management Co. LLC raised its stake in shares of VeriSign by 52.6% in the first quarter. Global X Management Co. LLC now owns 1,439 shares of the information services provider’s stock worth $125,000 after buying an additional 496 shares in the last quarter. Pacer Advisors Inc. raised its stake in shares of VeriSign by 3.4% in the first quarter. Pacer Advisors Inc. now owns 1,654 shares of the information services provider’s stock worth $144,000 after buying an additional 55 shares in the last quarter. Finally, OLD Mutual Customised Solutions Proprietary Ltd. raised its stake in shares of VeriSign by 109.5% in the first quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 1,676 shares of the information services provider’s stock worth $146,000 after buying an additional 876 shares in the last quarter.

VeriSign, Inc. (VRSN) opened at 97.74 on Friday. The stock has a market cap of $9.77 billion, a P/E ratio of 26.64 and a beta of 1.20. The company’s 50-day moving average price is $97.34 and its 200-day moving average price is $89.65. VeriSign, Inc. has a 12 month low of $74.01 and a 12 month high of $103.79.

VeriSign (NASDAQ:VRSN) last released its quarterly earnings results on Thursday, July 27th. The information services provider reported $1.05 earnings per share for the quarter, topping analysts’ consensus estimates of $0.99 by $0.06. The business had revenue of $289 million for the quarter, compared to analysts’ expectations of $287.47 million. VeriSign had a negative return on equity of 36.99% and a net margin of 39.92%. The company’s revenue was up .9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.91 EPS. Equities analysts forecast that VeriSign, Inc. will post $3.97 earnings per share for the current year.

TRADEMARK VIOLATION NOTICE: “VeriSign, Inc. (VRSN) Shares Sold by Smith Asset Management Group LP” was published by Community Financial News and is the property of of Community Financial News. If you are accessing this piece on another website, it was copied illegally and reposted in violation of U.S. and international trademark and copyright legislation. The original version of this piece can be viewed at https://www.com-unik.info/2017/08/11/verisign-inc-vrsn-shares-sold-by-smith-asset-management-group-lp.html.

A number of brokerages have recently issued reports on VRSN. BidaskClub lowered VeriSign from a “strong-buy” rating to a “buy” rating in a research note on Friday, August 4th. Zacks Investment Research lowered VeriSign from a “hold” rating to a “sell” rating in a research note on Wednesday, August 2nd. Finally, Cowen and Company reaffirmed a “market perform” rating and issued a $94.00 price target on shares of VeriSign in a research note on Monday, July 3rd. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $87.75.

In related news, Director Timothy Tomlinson sold 1,240 shares of the company’s stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $101.00, for a total value of $125,240.00. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 0.92% of the company’s stock.

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).

Want to see what other hedge funds are holding VRSN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for VeriSign, Inc. (NASDAQ:VRSN).

Institutional Ownership by Quarter for VeriSign (NASDAQ:VRSN)

What are top analysts saying about VeriSign Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for VeriSign Inc. and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit