Checchi Capital Advisers LLC Sells 141 Shares of VeriSign, Inc. (NASDAQ:VRSN)

Checchi Capital Advisers LLC lowered its position in shares of VeriSign, Inc. (NASDAQ:VRSNGet Rating) by 10.1% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,260 shares of the information services provider’s stock after selling 141 shares during the period. Checchi Capital Advisers LLC’s holdings in VeriSign were worth $238,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. grew its position in shares of VeriSign by 0.6% in the 1st quarter. Vanguard Group Inc. now owns 10,445,949 shares of the information services provider’s stock valued at $2,323,807,000 after buying an additional 59,957 shares during the last quarter. BlackRock Inc. grew its position in shares of VeriSign by 2.6% in the 1st quarter. BlackRock Inc. now owns 10,364,854 shares of the information services provider’s stock valued at $2,305,766,000 after buying an additional 262,334 shares during the last quarter. Ninety One UK Ltd grew its position in shares of VeriSign by 6.4% in the 1st quarter. Ninety One UK Ltd now owns 3,822,105 shares of the information services provider’s stock valued at $850,265,000 after buying an additional 228,682 shares during the last quarter. Principal Financial Group Inc. grew its position in shares of VeriSign by 0.6% in the 2nd quarter. Principal Financial Group Inc. now owns 2,711,260 shares of the information services provider’s stock valued at $453,675,000 after buying an additional 16,524 shares during the last quarter. Finally, Cantillon Capital Management LLC grew its position in shares of VeriSign by 4.9% in the 2nd quarter. Cantillon Capital Management LLC now owns 1,763,237 shares of the information services provider’s stock valued at $295,043,000 after buying an additional 82,074 shares during the last quarter. Institutional investors own 92.96% of the company’s stock.

VeriSign Stock Performance

VeriSign stock opened at $199.31 on Thursday. The stock has a market capitalization of $21.13 billion, a price-to-earnings ratio of 26.50 and a beta of 1.01. VeriSign, Inc. has a 52-week low of $155.25 and a 52-week high of $257.03. The stock’s 50 day moving average price is $182.73 and its two-hundred day moving average price is $180.25.

VeriSign (NASDAQ:VRSNGet Rating) last posted its quarterly earnings results on Thursday, October 27th. The information services provider reported $1.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.54 by $0.04. The firm had revenue of $357.00 million for the quarter, compared to analysts’ expectations of $356.40 million. VeriSign had a negative return on equity of 47.71% and a net margin of 59.07%. The company’s revenue for the quarter was up 6.9% compared to the same quarter last year. During the same period in the prior year, the business earned $1.40 EPS. On average, equities research analysts forecast that VeriSign, Inc. will post 6.08 EPS for the current year.

Insiders Place Their Bets

In other VeriSign news, EVP Thomas C. Indelicarto sold 613 shares of the stock in a transaction that occurred on Tuesday, November 1st. The stock was sold at an average price of $202.05, for a total transaction of $123,856.65. Following the transaction, the executive vice president now directly owns 41,816 shares in the company, valued at approximately $8,448,922.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, Director Timothy Tomlinson sold 692 shares of the company’s stock in a transaction that occurred on Monday, October 31st. The stock was sold at an average price of $201.35, for a total transaction of $139,334.20. Following the transaction, the director now directly owns 15,000 shares of the company’s stock, valued at $3,020,250. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Thomas C. Indelicarto sold 613 shares of the company’s stock in a transaction that occurred on Tuesday, November 1st. The stock was sold at an average price of $202.05, for a total value of $123,856.65. Following the transaction, the executive vice president now directly owns 41,816 shares in the company, valued at $8,448,922.80. The disclosure for this sale can be found here. In the last three months, insiders have sold 2,531 shares of company stock worth $508,391. Corporate insiders own 0.98% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently commented on VRSN. StockNews.com initiated coverage on VeriSign in a research report on Wednesday, October 12th. They set a “hold” rating on the stock. Robert W. Baird increased their price target on VeriSign to $216.00 in a report on Tuesday, November 1st.

VeriSign Profile

(Get Rating)

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.

See Also

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Institutional Ownership by Quarter for VeriSign (NASDAQ:VRSN)

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