Northwestern Mutual Investment Management Company LLC trimmed its position in Verisign, Inc. (NASDAQ:VRSN) by 0.4% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 16,008 shares of the information services provider’s stock after selling 60 shares during the quarter. Northwestern Mutual Investment Management Company LLC’s holdings in Verisign were worth $2,906,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Cornerstone Advisors Inc. raised its position in shares of Verisign by 208.2% in the 1st quarter. Cornerstone Advisors Inc. now owns 151 shares of the information services provider’s stock worth $27,000 after acquiring an additional 102 shares in the last quarter. D Orazio & Associates Inc. raised its position in shares of Verisign by 82.4% in the 1st quarter. D Orazio & Associates Inc. now owns 155 shares of the information services provider’s stock worth $28,000 after acquiring an additional 70 shares in the last quarter. Berman Capital Advisors LLC raised its position in shares of Verisign by 68.0% in the 1st quarter. Berman Capital Advisors LLC now owns 247 shares of the information services provider’s stock worth $44,000 after acquiring an additional 100 shares in the last quarter. Athena Capital Advisors LLC bought a new position in shares of Verisign in the 4th quarter worth $39,000. Finally, Bessemer Group Inc. raised its position in shares of Verisign by 43.5% in the 4th quarter. Bessemer Group Inc. now owns 277 shares of the information services provider’s stock worth $41,000 after acquiring an additional 84 shares in the last quarter. Institutional investors and hedge funds own 91.64% of the company’s stock.

In related news, Director Timothy Tomlinson sold 378 shares of the company’s stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $199.55, for a total transaction of $75,429.90. Following the transaction, the director now directly owns 34,094 shares of the company’s stock, valued at approximately $6,803,457.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 1.20% of the company’s stock.

Several research analysts have recently commented on the company. Zacks Investment Research raised Verisign from a “hold” rating to a “buy” rating and set a $224.00 price target for the company in a research report on Tuesday, April 30th. Citigroup reissued a “neutral” rating and issued a $195.00 price target (up from $175.00) on shares of Verisign in a research report on Tuesday, March 5th. BidaskClub raised Verisign from a “buy” rating to a “strong-buy” rating in a research report on Friday, March 22nd. Finally, ValuEngine raised Verisign from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, February 12th. Three investment analysts have rated the stock with a hold rating, two have assigned a buy rating and two have issued a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $180.80.

Shares of NASDAQ:VRSN opened at $194.98 on Friday. Verisign, Inc. has a 1 year low of $127.18 and a 1 year high of $203.28. The stock has a market cap of $23.35 billion, a P/E ratio of 41.05 and a beta of 1.08.

Verisign (NASDAQ:VRSN) last announced its earnings results on Thursday, April 25th. The information services provider reported $1.31 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.25 by $0.06. Verisign had a negative return on equity of 43.07% and a net margin of 49.98%. The company had revenue of $306.41 million for the quarter, compared to analyst estimates of $302.63 million. During the same period in the prior year, the company posted $1.07 EPS. The firm’s quarterly revenue was up 2.4% compared to the same quarter last year. Equities analysts predict that Verisign, Inc. will post 4.96 earnings per share for the current fiscal year.

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Verisign Company Profile

VeriSign, Inc provides domain name registry services and Internet infrastructure in the United States and internationally. The company offers registry services that operate the authoritative directory of and/or the back-end systems for .com, .net, .cc, .tv, .gov, .jobs, .edu, .name, and other domain names.

Read More: Net Income

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Institutional Ownership by Quarter for Verisign (NASDAQ:VRSN)

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