Thrivent Financial for Lutherans reduced its holdings in Verisign, Inc. (NASDAQ:VRSN) by 2.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,688 shares of the information services provider’s stock after selling 738 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Verisign were worth $4,273,000 at the end of the most recent reporting period.
A number of other large investors have also recently bought and sold shares of VRSN. Capital International Investors acquired a new position in Verisign in the 3rd quarter worth $991,190,000. Prudential Financial Inc. boosted its stake in shares of Verisign by 400.1% during the 3rd quarter. Prudential Financial Inc. now owns 536,626 shares of the information services provider’s stock worth $85,925,000 after buying an additional 429,322 shares during the last quarter. Deutsche Bank AG boosted its stake in shares of Verisign by 109.4% during the 3rd quarter. Deutsche Bank AG now owns 367,449 shares of the information services provider’s stock worth $58,832,000 after buying an additional 191,969 shares during the last quarter. Glenmede Trust Co. NA acquired a new position in shares of Verisign during the 2nd quarter worth about $24,397,000. Finally, BlackRock Inc. boosted its stake in shares of Verisign by 2.0% during the 3rd quarter. BlackRock Inc. now owns 8,633,323 shares of the information services provider’s stock worth $1,382,366,000 after buying an additional 172,033 shares during the last quarter. 92.07% of the stock is currently owned by hedge funds and other institutional investors.
Shares of NASDAQ:VRSN opened at $157.76 on Friday. The firm has a market cap of $18.01 billion, a PE ratio of 42.87 and a beta of 0.94. Verisign, Inc. has a 52 week low of $105.40 and a 52 week high of $176.76.
Verisign (NASDAQ:VRSN) last issued its quarterly earnings results on Thursday, October 25th. The information services provider reported $1.23 EPS for the quarter, topping analysts’ consensus estimates of $1.10 by $0.13. The company had revenue of $305.78 million for the quarter, compared to analyst estimates of $305.25 million. Verisign had a net margin of 41.82% and a negative return on equity of 38.09%. Research analysts forecast that Verisign, Inc. will post 4.37 EPS for the current year.
Several research analysts have recently commented on the stock. JPMorgan Chase & Co. raised shares of Verisign from an “underweight” rating to a “neutral” rating and raised their target price for the stock from $125.00 to $160.00 in a report on Friday, November 2nd. Citigroup raised their target price on shares of Verisign from $152.00 to $155.00 and gave the stock a “neutral” rating in a report on Friday, November 2nd. BidaskClub cut shares of Verisign from a “strong-buy” rating to a “buy” rating in a report on Tuesday, October 9th. Zacks Investment Research raised shares of Verisign from a “hold” rating to a “buy” rating and set a $164.00 target price on the stock in a report on Monday, December 31st. Finally, Robert W. Baird raised shares of Verisign from a “neutral” rating to an “outperform” rating and lifted their price objective for the company from $160.00 to $170.00 in a research note on Friday, November 2nd. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Verisign presently has a consensus rating of “Hold” and an average price target of $160.80.
In other news, EVP Thomas C. Indelicarto sold 3,300 shares of the business’s stock in a transaction dated Thursday, December 6th. The shares were sold at an average price of $150.81, for a total transaction of $497,673.00. Following the completion of the sale, the executive vice president now directly owns 55,871 shares of the company’s stock, valued at $8,425,905.51. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Kathleen A. Cote sold 2,384 shares of the business’s stock in a transaction dated Monday, November 5th. The stock was sold at an average price of $160.50, for a total transaction of $382,632.00. Following the sale, the director now directly owns 37,594 shares of the company’s stock, valued at $6,033,837. The disclosure for this sale can be found here. 1.35% of the stock is currently owned by insiders.
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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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