Jefferies Group LLC purchased a new position in shares of Verisign, Inc. (NASDAQ:VRSN) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 38,637 shares of the information services provider’s stock, valued at approximately $6,187,000.
A number of other institutional investors also recently added to or reduced their stakes in VRSN. Janney Montgomery Scott LLC purchased a new stake in shares of Verisign during the 2nd quarter worth approximately $206,000. Piedmont Investment Advisors LLC purchased a new stake in shares of Verisign during the 2nd quarter worth approximately $149,000. Massachusetts Financial Services Co. MA increased its stake in shares of Verisign by 1.7% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 150,320 shares of the information services provider’s stock worth $20,657,000 after purchasing an additional 2,520 shares during the last quarter. Aperio Group LLC increased its stake in shares of Verisign by 3.1% during the 2nd quarter. Aperio Group LLC now owns 70,432 shares of the information services provider’s stock worth $9,679,000 after purchasing an additional 2,140 shares during the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. increased its stake in shares of Verisign by 7.7% during the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 323,128 shares of the information services provider’s stock worth $44,404,000 after purchasing an additional 22,999 shares during the last quarter. 92.19% of the stock is currently owned by hedge funds and other institutional investors.
VRSN has been the subject of several research analyst reports. JPMorgan Chase & Co. raised their price target 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. Robert W. Baird upgraded shares of Verisign from a “neutral” rating to an “outperform” rating and raised their price target for the stock from $160.00 to $170.00 in a research note on Friday, November 2nd. Citigroup raised their price target 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. BidaskClub upgraded shares of Verisign from a “buy” rating to a “strong-buy” rating in a research note on Thursday, August 30th. Finally, Zacks Investment Research restated a “hold” rating on shares of Verisign in a research note on Saturday, November 17th. Five research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Verisign currently has an average rating of “Hold” and an average target price of $154.40.
In related news, Director Kathleen A. Cote sold 2,384 shares of the firm’s stock in a transaction that occurred on 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 directly owns 37,594 shares of the company’s stock, valued at approximately $6,033,837. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.92% of the stock is currently owned by company insiders.
VRSN opened at $153.95 on Friday. The company has a market capitalization of $19.03 billion, a P/E ratio of 38.58 and a beta of 0.99. Verisign, Inc. has a 12 month low of $105.40 and a 12 month high of $176.76.
Verisign (NASDAQ:VRSN) last released its quarterly earnings data on Thursday, October 25th. The information services provider reported $1.23 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.10 by $0.13. The company 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%. On average, analysts predict that Verisign, Inc. will post 4.37 earnings per share for the current year.
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Verisign Company Profile
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.
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