Capital Bank & Trust Co cut its holdings in Verisign, Inc. (NASDAQ:VRSN) by 1.2% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 133,198 shares of the information services provider’s stock after selling 1,656 shares during the period. Capital Bank & Trust Co owned approximately 0.14% of Verisign worth $14,171,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also bought and sold shares of VRSN. DekaBank Deutsche Girozentrale increased its position in Verisign by 18.9% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 49,940 shares of the information services provider’s stock valued at $5,001,000 after buying an additional 7,948 shares in the last quarter. Forsta AP Fonden bought a new stake in Verisign in the 3rd quarter valued at about $2,926,000. Pitcairn Co. bought a new stake in Verisign in the 3rd quarter valued at about $585,000. Koch Industries Inc. increased its position in Verisign by 10,263.6% in the 2nd quarter. Koch Industries Inc. now owns 875,519 shares of the information services provider’s stock valued at $866,000 after buying an additional 867,071 shares in the last quarter. Finally, Federated Investors Inc. PA increased its position in Verisign by 27.4% in the 2nd quarter. Federated Investors Inc. PA now owns 15,972 shares of the information services provider’s stock valued at $1,484,000 after buying an additional 3,435 shares in the last quarter.

Shares of Verisign, Inc. (NASDAQ:VRSN) opened at $112.98 on Monday. The company has a debt-to-equity ratio of -1.45, a quick ratio of 1.57 and a current ratio of 1.57. The company has a market capitalization of $11,136.45, a P/E ratio of 31.56 and a beta of 1.03. Verisign, Inc. has a twelve month low of $75.71 and a twelve month high of $118.28.

Verisign (NASDAQ:VRSN) last issued its quarterly earnings data on Thursday, October 26th. The information services provider reported $1.00 EPS for the quarter, topping analysts’ consensus estimates of $0.97 by $0.03. The firm had revenue of $292.40 million during the quarter, compared to analyst estimates of $290.90 million. Verisign had a negative return on equity of 36.88% and a net margin of 39.79%. The company’s revenue for the quarter was up 1.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.93 EPS. sell-side analysts predict that Verisign, Inc. will post 3.65 earnings per share for the current fiscal year.

A number of analysts recently commented on the company. Citigroup boosted their target price on Verisign from $101.00 to $111.00 and gave the company a “neutral” rating in a research report on Friday, October 27th. Cowen reaffirmed a “hold” rating and issued a $103.00 target price on shares of Verisign in a research report on Sunday, October 29th. Robert W. Baird reaffirmed a “hold” rating and issued a $105.00 target price on shares of Verisign in a research report on Thursday, August 31st. Zacks Investment Research lowered Verisign from a “hold” rating to a “sell” rating in a research report on Wednesday, November 1st. Finally, BidaskClub raised Verisign from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 26th. One analyst has rated the stock with a sell rating, three have given a hold rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $106.33.

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About Verisign

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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Institutional Ownership by Quarter for Verisign (NASDAQ:VRSN)

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