2,856 Shares in VeriSign, Inc. (VRSN) Acquired by Cypress Capital Group

Cypress Capital Group bought a new position in shares of VeriSign, Inc. (NASDAQ:VRSN) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm bought 2,856 shares of the information services provider’s stock, valued at approximately $266,000.

A number of other hedge funds also recently made changes to their positions in the business. Tower Research Capital LLC TRC raised its holdings 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 valued at $105,000 after purchasing an additional 237 shares during the last quarter. Global X Management Co. LLC raised its holdings 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 valued at $125,000 after purchasing an additional 496 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. raised its holdings in shares of VeriSign by 21.9% in the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,420 shares of the information services provider’s stock valued at $133,000 after purchasing an additional 255 shares during the last quarter. Pacer Advisors Inc. raised its holdings 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 valued at $144,000 after purchasing an additional 55 shares during the last quarter. Finally, OLD Mutual Customised Solutions Proprietary Ltd. raised its holdings 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 valued at $146,000 after purchasing an additional 876 shares during the last quarter.

A number of analysts have recently issued reports on VRSN shares. BidaskClub upgraded shares of VeriSign from a “buy” rating to a “strong-buy” rating in a report on Thursday, June 22nd. Cowen and Company reiterated a “market perform” rating and issued a $94.00 price objective on shares of VeriSign in a report on Monday, July 3rd. Robert W. Baird reiterated a “hold” rating and issued a $105.00 price objective on shares of VeriSign in a report on Thursday, August 31st. Finally, Zacks Investment Research downgraded shares of VeriSign from a “hold” rating to a “sell” rating in a report on Wednesday, August 2nd. One 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. The company has a consensus rating of “Hold” and a consensus price target of $99.50.

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VeriSign, Inc. (NASDAQ VRSN) traded up 0.31% during mid-day trading on Friday, hitting $108.34. 370,875 shares of the stock were exchanged. The stock has a 50 day moving average price of $105.02 and a 200 day moving average price of $96.03. VeriSign, Inc. has a 1-year low of $75.15 and a 1-year high of $110.82. The company has a market capitalization of $10.83 billion, a PE ratio of 29.53 and a beta of 1.19.

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

In other news, Director Timothy Tomlinson sold 1,240 shares of the firm’s stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $101.00, for a total transaction of $125,240.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Kathleen A. Cote sold 1,500 shares of the firm’s stock in a transaction on Tuesday, August 22nd. The shares were sold at an average price of $99.94, for a total value of $149,910.00. Following the sale, the director now directly owns 38,294 shares of the company’s stock, valued at $3,827,102.36. The disclosure for this sale can be found here. 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).

Institutional Ownership by Quarter for VeriSign (NASDAQ:VRSN)

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