Standard Life Aberdeen plc lowered its holdings in Verisign, Inc. (NASDAQ:VRSN) by 50.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 111,944 shares of the information services provider’s stock after selling 114,083 shares during the period. Standard Life Aberdeen plc owned approximately 0.09% of Verisign worth $17,924,000 as of its most recent SEC filing.
Other institutional investors have also added to or reduced their stakes in the company. Braun Bostich & Associates Inc. increased its position in shares of Verisign by 1,283.3% in the second quarter. Braun Bostich & Associates Inc. now owns 913 shares of the information services provider’s stock worth $125,000 after acquiring an additional 847 shares in the last quarter. Advisory Services Network LLC increased its position in shares of Verisign by 954.9% in the third quarter. Advisory Services Network LLC now owns 960 shares of the information services provider’s stock worth $154,000 after acquiring an additional 869 shares in the last quarter. Sandy Spring Bank increased its position in shares of Verisign by 100.0% in the second quarter. Sandy Spring Bank now owns 1,000 shares of the information services provider’s stock worth $137,000 after acquiring an additional 500 shares in the last quarter. Piedmont Investment Advisors LLC acquired a new stake in shares of Verisign in the second quarter worth $149,000. Finally, Cerebellum GP LLC acquired a new stake in shares of Verisign in the third quarter worth $181,000. 92.19% of the stock is owned by institutional investors.
In other Verisign news, Director Kathleen A. Cote sold 2,384 shares of the stock in a transaction on Monday, November 5th. The shares were sold at an average price of $160.50, for a total transaction of $382,632.00. Following the transaction, the director now directly owns 37,594 shares in the company, valued at approximately $6,033,837. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.92% of the stock is currently owned by corporate insiders.
Shares of VRSN stock opened at $153.55 on Thursday. The firm has a market capitalization of $18.56 billion, a PE ratio of 41.73 and a beta of 0.99. Verisign, Inc. has a twelve month low of $105.40 and a twelve month high of $176.76.
Verisign (NASDAQ:VRSN) last announced its earnings results on Thursday, October 25th. The information services provider reported $1.23 earnings per share for the quarter, beating the consensus estimate of $1.10 by $0.13. The business had revenue of $305.78 million during the quarter, compared to the consensus estimate of $305.25 million. Verisign had a net margin of 41.82% and a negative return on equity of 38.09%. As a group, analysts anticipate that Verisign, Inc. will post 4.37 EPS for the current fiscal year.
Several research firms have recently issued reports on VRSN. BidaskClub lowered shares of Verisign from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, October 9th. Zacks Investment Research restated a “hold” rating on shares of Verisign in a research note on Saturday, November 17th. JPMorgan Chase & Co. upgraded shares of Verisign from an “underweight” rating to a “neutral” rating and upped their target price for the company from $125.00 to $160.00 in a research note on Friday, November 2nd. Robert W. Baird upgraded shares of Verisign from a “neutral” rating to an “outperform” rating and upped their target price for the company from $160.00 to $170.00 in a research note on Friday, November 2nd. Finally, Citigroup upped their target price on shares of Verisign from $152.00 to $155.00 and gave the company a “neutral” rating in a research note on Friday, November 2nd. Five equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company has an average rating of “Hold” and an average price target of $154.40.
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Verisign Company Profile
VeriSign, Inc provides domain name registry services and Internet security worldwide. The company offers registry services that operate the authoritative directory of .com, .net, .cc, .tv, .gov, .jobs, .edu, .name, and other domain names. Its registry services allow individuals and organizations to establish their online identities.
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