Dimensional Fund Advisors LP Acquires 2,066 Shares of VeriSign, Inc. (VRSN)
Dimensional Fund Advisors LP increased its holdings in shares of VeriSign, Inc. (NASDAQ:VRSN) by 0.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 254,061 shares of the information services provider’s stock after buying an additional 2,066 shares during the period. Dimensional Fund Advisors LP owned about 0.25% of VeriSign worth $23,620,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also made changes to their positions in VRSN. Renaissance Technologies LLC increased its stake in VeriSign by 22.9% during the 2nd quarter. Renaissance Technologies LLC now owns 5,045,476 shares of the information services provider’s stock worth $469,027,000 after buying an additional 941,100 shares during the period. BlackRock Inc. increased its stake in VeriSign by 8.9% during the 2nd quarter. BlackRock Inc. now owns 8,394,049 shares of the information services provider’s stock worth $780,310,000 after buying an additional 687,358 shares during the period. Vanguard Group Inc. increased its stake in VeriSign by 3.4% during the 2nd quarter. Vanguard Group Inc. now owns 8,782,015 shares of the information services provider’s stock worth $816,376,000 after buying an additional 292,054 shares during the period. Investec Asset Management LTD increased its stake in VeriSign by 11.0% during the 2nd quarter. Investec Asset Management LTD now owns 2,486,365 shares of the information services provider’s stock worth $231,132,000 after buying an additional 247,127 shares during the period. Finally, First Trust Advisors LP increased its stake in VeriSign by 17.5% during the 2nd quarter. First Trust Advisors LP now owns 1,168,079 shares of the information services provider’s stock worth $108,585,000 after buying an additional 173,907 shares during the period.
VeriSign, Inc. (NASDAQ:VRSN) opened at $109.85 on Tuesday. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of -1.45. VeriSign, Inc. has a twelve month low of $75.71 and a twelve month high of $110.82. The company has a market cap of $10,693.87, a P/E ratio of 30.30 and a beta of 1.03.
VeriSign (NASDAQ:VRSN) last posted its quarterly earnings results on Thursday, October 26th. The information services provider reported $1.00 EPS for the quarter, topping the consensus estimate of $0.97 by $0.03. VeriSign had a net margin of 39.79% and a negative return on equity of 36.88%. The company had revenue of $292.40 million during the quarter, compared to analysts’ expectations of $290.90 million. During the same quarter in the previous year, the business posted $0.93 EPS. The firm’s revenue was up 1.7% on a year-over-year basis. equities analysts forecast that VeriSign, Inc. will post 3.65 earnings per share for the current fiscal year.
VRSN has been the topic of several recent research reports. BidaskClub downgraded shares of VeriSign from a “strong-buy” rating to a “buy” rating in a research note on Friday, August 4th. Robert W. Baird set a $105.00 target price on shares of VeriSign and gave the stock a “hold” rating in a research note on Friday, October 6th. Cowen and Company reiterated a “hold” rating and set a $103.00 price target on shares of VeriSign in a report on Sunday, October 29th. Citigroup Inc. boosted their price target on shares of VeriSign from $101.00 to $111.00 and gave the stock a “neutral” rating in a report on Friday, October 27th. Finally, Zacks Investment Research cut shares of VeriSign from a “hold” rating to a “sell” rating in a report on Wednesday, November 1st. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a strong buy rating to the company’s stock. VeriSign presently has an average rating of “Hold” and an average target price of $106.33.
In other VeriSign news, Director Kathleen A. Cote sold 1,500 shares of the business’s stock in a transaction that occurred on Tuesday, August 22nd. The shares were sold at an average price of $99.94, for a total transaction of $149,910.00. Following the completion of the transaction, the director now owns 38,294 shares in the company, valued at approximately $3,827,102.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.02% of the company’s stock.
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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).
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