VeriSign, Inc. (VRSN) Shares Sold by Mitsubishi UFJ Kokusai Asset Management Co. Ltd.
Mitsubishi UFJ Kokusai Asset Management Co. Ltd. trimmed its position in shares of VeriSign, Inc. (NASDAQ:VRSN) by 22.6% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,281 shares of the information services provider’s stock after selling 4,162 shares during the quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd.’s holdings in VeriSign were worth $1,519,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Migdal Insurance & Financial Holdings Ltd. lifted its holdings in shares of VeriSign by 21.9% during the 2nd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,420 shares of the information services provider’s stock valued at $133,000 after buying an additional 255 shares during the period. Acrospire Investment Management LLC lifted its holdings in shares of VeriSign by 128.6% during the 2nd quarter. Acrospire Investment Management LLC now owns 1,600 shares of the information services provider’s stock valued at $149,000 after buying an additional 900 shares during the period. Global X Management Co. LLC lifted its holdings in shares of VeriSign by 13.4% during the 2nd quarter. Global X Management Co. LLC now owns 1,632 shares of the information services provider’s stock valued at $152,000 after buying an additional 193 shares during the period. Whittier Trust Co. of Nevada Inc. lifted its holdings in shares of VeriSign by 2.1% during the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 2,086 shares of the information services provider’s stock valued at $194,000 after buying an additional 42 shares during the period. Finally, Hikari Power Ltd bought a new position in shares of VeriSign during the 2nd quarter valued at $207,000.
VRSN has been the topic of several research analyst reports. Robert W. Baird set a $105.00 price target on VeriSign and gave the company a “hold” rating in a report on Friday, October 6th. BidaskClub raised VeriSign from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 26th. Zacks Investment Research cut VeriSign from a “hold” rating to a “sell” rating in a report on Wednesday, August 2nd. Cowen and Company reaffirmed a “hold” rating and issued a $103.00 target price on shares of VeriSign in a report on Sunday, October 29th. Finally, Citigroup Inc. raised their target price on VeriSign from $101.00 to $111.00 and gave the stock a “neutral” rating in a report on Friday, October 27th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $106.33.
In related news, Director Kathleen A. Cote sold 1,500 shares of the firm’s stock in a transaction on Tuesday, August 22nd. The stock was sold at an average price of $99.94, for a total value of $149,910.00. Following the transaction, the director now directly owns 38,294 shares of the company’s stock, valued at approximately $3,827,102.36. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 1.02% of the stock is currently owned by company insiders.
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VeriSign, Inc. (VRSN) opened at $111.18 on Tuesday. VeriSign, Inc. has a twelve month low of $75.71 and a twelve month high of $111.37. The company has a market capitalization of $10,818.07, a price-to-earnings ratio of 30.66 and a beta of 1.03. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of -1.45.
VeriSign (NASDAQ:VRSN) last announced its earnings results on Thursday, October 26th. The information services provider reported $1.00 EPS for the quarter, topping the Zacks’ consensus estimate of $0.97 by $0.03. VeriSign had a negative return on equity of 36.88% and a net margin of 39.79%. The company had revenue of $292.40 million for the quarter, compared to analysts’ expectations of $290.90 million. During the same period last year, the firm earned $0.93 EPS. VeriSign’s revenue for the quarter was up 1.7% compared to the same quarter last year. analysts anticipate that VeriSign, Inc. will post 3.65 earnings per share for the current year.
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).
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