VeriSign, Inc. (VRSN) Shares Bought by Dimensional Fund Advisors LP
Dimensional Fund Advisors LP raised its stake in VeriSign, Inc. (NASDAQ:VRSN) by 0.8% during the first quarter, Holdings Channel reports. The firm owned 251,995 shares of the information services provider’s stock after buying an additional 1,942 shares during the period. Dimensional Fund Advisors LP’s holdings in VeriSign were worth $21,951,000 at the end of the most recent quarter.
A number of other large investors have also added to or reduced their stakes in the company. Glen Harbor Capital Management LLC boosted its stake in VeriSign by 29.9% in the first quarter. Glen Harbor Capital Management LLC now owns 60,918 shares of the information services provider’s stock valued at $5,307,000 after buying an additional 14,036 shares during the period. Dock Street Asset Management Inc. boosted its stake in VeriSign by 42.1% in the first quarter. Dock Street Asset Management Inc. now owns 30,623 shares of the information services provider’s stock valued at $2,668,000 after buying an additional 9,066 shares during the period. Profund Advisors LLC boosted its stake in VeriSign by 9.3% in the first quarter. Profund Advisors LLC now owns 22,931 shares of the information services provider’s stock valued at $1,998,000 after buying an additional 1,953 shares during the period. Fisher Asset Management LLC acquired a new stake in VeriSign during the first quarter valued at $231,000. Finally, Korea Investment CORP boosted its stake in VeriSign by 492.0% in the first quarter. Korea Investment CORP now owns 95,900 shares of the information services provider’s stock valued at $8,354,000 after buying an additional 79,700 shares during the period.
VeriSign, Inc. (NASDAQ:VRSN) opened at 99.50 on Thursday. The stock has a 50 day moving average price of $97.21 and a 200 day moving average price of $89.59. VeriSign, Inc. has a 12 month low of $74.01 and a 12 month high of $103.79. The company has a market cap of $9.94 billion, a price-to-earnings ratio of 27.12 and a beta of 1.20.
VeriSign (NASDAQ:VRSN) last announced its earnings results on Thursday, July 27th. The information services provider reported $1.05 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.99 by $0.06. VeriSign had a negative return on equity of 36.99% and a net margin of 39.92%. The business had revenue of $289 million during the quarter, compared to analyst estimates of $287.47 million. During the same quarter in the previous year, the business earned $0.91 earnings per share. The company’s revenue for the quarter was up .9% compared to the same quarter last year. Analysts anticipate that VeriSign, Inc. will post $3.97 earnings per share for the current fiscal year.
ILLEGAL ACTIVITY WARNING: This piece of content was first posted by Watch List News and is the property of of Watch List News. If you are viewing this piece of content on another website, it was illegally copied and reposted in violation of international copyright laws. The original version of this piece of content can be accessed at https://www.watchlistnews.com/verisign-inc-vrsn-shares-bought-by-dimensional-fund-advisors-lp/1470541.html.
Several equities research analysts have weighed in on the company. Zacks Investment Research cut VeriSign from a “hold” rating to a “sell” rating in a report on Wednesday, August 2nd. BidaskClub cut VeriSign from a “strong-buy” rating to a “buy” rating in a report on Friday, August 4th. Cowen and Company reiterated a “market perform” rating and issued a $94.00 price objective on shares of VeriSign in a report on Monday, July 3rd. Finally, Citigroup Inc. upgraded VeriSign from a “sell” rating to a “neutral” rating in a report on Wednesday, April 12th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $87.75.
In related news, Director Timothy Tomlinson sold 1,240 shares of the business’s stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $101.00, for a total value of $125,240.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.92% of the stock is owned by insiders.
VeriSign Company Profile
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).
Want to see what other hedge funds are holding VRSN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for VeriSign, Inc. (NASDAQ:VRSN).
Receive News & Ratings for VeriSign Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for VeriSign Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.