D.A. Davidson & CO. acquired a new stake in shares of Verisign, Inc. (NASDAQ:VRSN) during the third quarter, HoldingsChannel reports. The firm acquired 1,285 shares of the information services provider’s stock, valued at approximately $206,000.

Other hedge funds also recently modified their holdings of the company. Braun Bostich & Associates Inc. raised its position in Verisign by 1,283.3% during the second quarter. Braun Bostich & Associates Inc. now owns 913 shares of the information services provider’s stock valued at $125,000 after purchasing an additional 847 shares during the period. Sandy Spring Bank raised its position in Verisign by 100.0% during the second quarter. Sandy Spring Bank now owns 1,000 shares of the information services provider’s stock valued at $137,000 after purchasing an additional 500 shares during the period. Piedmont Investment Advisors LLC purchased a new stake in Verisign during the second quarter valued at approximately $149,000. Advisory Services Network LLC raised its position in Verisign by 954.9% during the third quarter. Advisory Services Network LLC now owns 960 shares of the information services provider’s stock valued at $154,000 after purchasing an additional 869 shares during the period. Finally, Cerebellum GP LLC purchased a new stake in Verisign during the third quarter valued at approximately $181,000. Institutional investors and hedge funds own 92.19% of the company’s stock.

Shares of NASDAQ VRSN opened at $153.95 on Friday. Verisign, Inc. has a fifty-two week low of $105.40 and a fifty-two week high of $176.76. The company has a market capitalization of $18.56 billion, a PE ratio of 41.83 and a beta of 0.99.

Verisign (NASDAQ:VRSN) last issued its quarterly earnings results on Thursday, October 25th. The information services provider reported $1.23 earnings per share for the quarter, topping the consensus estimate of $1.10 by $0.13. Verisign had a negative return on equity of 38.09% and a net margin of 41.82%. The firm had revenue of $305.78 million for the quarter, compared to the consensus estimate of $305.25 million. As a group, research analysts anticipate that Verisign, Inc. will post 4.37 EPS for the current year.

In other news, Director Kathleen A. Cote sold 2,384 shares of the stock in a transaction that occurred on Monday, November 5th. The stock was sold at an average price of $160.50, for a total value of $382,632.00. Following the sale, the director now directly owns 37,594 shares in the company, valued at $6,033,837. The sale was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 0.92% of the company’s stock.

VRSN has been the topic of a number of recent research reports. JPMorgan Chase & Co. upped their price objective on Verisign from $123.00 to $125.00 and gave the company an “average” rating in a research report on Monday, September 24th. Robert W. Baird upgraded Verisign from a “neutral” rating to an “outperform” rating and upped their price objective for the company from $160.00 to $170.00 in a research report on Friday, November 2nd. Citigroup upped their price objective on Verisign from $152.00 to $155.00 and gave the company a “neutral” rating in a research report on Friday, November 2nd. BidaskClub upgraded Verisign from a “buy” rating to a “strong-buy” rating in a research report on Thursday, August 30th. Finally, Zacks Investment Research restated a “hold” rating on shares of Verisign in a research report on Saturday, November 17th. Five research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Verisign has an average rating of “Hold” and a consensus target price of $154.40.

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Verisign 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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Institutional Ownership by Quarter for Verisign (NASDAQ:VRSN)

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