Great West Life Assurance Co. Can lowered its holdings in shares of Verisign, Inc. (NASDAQ:VRSN) by 16.9% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 79,212 shares of the information services provider’s stock after selling 16,116 shares during the period. Great West Life Assurance Co. Can owned 0.07% of Verisign worth $12,692,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of VRSN. Prudential Financial Inc. boosted its stake in Verisign by 400.1% during the 3rd quarter. Prudential Financial Inc. now owns 536,626 shares of the information services provider’s stock worth $85,925,000 after purchasing an additional 429,322 shares during the period. Glenmede Trust Co. NA acquired a new stake in shares of Verisign in the 2nd quarter worth $24,397,000. BlackRock Inc. lifted its stake in shares of Verisign by 2.0% in the 3rd quarter. BlackRock Inc. now owns 8,633,323 shares of the information services provider’s stock worth $1,382,366,000 after acquiring an additional 172,033 shares during the period. WINTON GROUP Ltd lifted its stake in shares of Verisign by 2,470.2% in the 3rd quarter. WINTON GROUP Ltd now owns 178,730 shares of the information services provider’s stock worth $28,618,000 after acquiring an additional 171,776 shares during the period. Finally, Wells Fargo & Company MN lifted its stake in shares of Verisign by 88.9% in the 3rd quarter. Wells Fargo & Company MN now owns 337,058 shares of the information services provider’s stock worth $53,969,000 after acquiring an additional 158,628 shares during the period. Hedge funds and other institutional investors own 92.19% of the company’s stock.

Shares of VRSN opened at $153.55 on Thursday. The stock has a market capitalization of $18.87 billion, a PE ratio of 41.73 and a beta of 0.99. Verisign, Inc. has a 52-week low of $105.40 and a 52-week high of $176.76.

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

Several analysts have recently commented on the stock. BidaskClub upgraded shares of Verisign from a “sell” rating to a “hold” rating in a research note on Saturday, December 1st. Zacks Investment Research restated a “hold” rating on shares of Verisign in a research note on Saturday, November 17th. Citigroup raised their target price on shares of Verisign from $152.00 to $155.00 and gave the stock a “neutral” rating in a research note on Friday, November 2nd. Robert W. Baird upgraded shares of Verisign from a “neutral” rating to an “outperform” rating and raised their target price for the stock from $160.00 to $170.00 in a research note on Friday, November 2nd. Finally, JPMorgan Chase & Co. raised their target price on shares of Verisign from $123.00 to $125.00 and gave the stock an “average” rating in a research note on Monday, September 24th. Five investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $154.40.

In other news, Director Kathleen A. Cote sold 2,384 shares of the stock in a transaction dated Monday, November 5th. The shares were sold at an average price of $160.50, for a total value of $382,632.00. Following the completion of the transaction, the director now owns 37,594 shares in the company, valued at approximately $6,033,837. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.35% of the company’s stock.

COPYRIGHT VIOLATION WARNING: This news story was originally published by Watch List News and is owned by of Watch List News. If you are viewing this news story on another website, it was illegally stolen and republished in violation of United States & international trademark and copyright law. The legal version of this news story can be viewed at https://www.watchlistnews.com/verisign-inc-vrsn-shares-sold-by-great-west-life-assurance-co-can/2664354.html.

About Verisign

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.

Further Reading: How to Track your Portfolio in Google Finance

Institutional Ownership by Quarter for Verisign (NASDAQ:VRSN)

Receive News & Ratings for Verisign Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Verisign and related companies with MarketBeat.com's FREE daily email newsletter.