VeriSign, Inc. (NASDAQ:VRSN) Stake Raised by Carderock Capital Management Inc.

Carderock Capital Management Inc. grew its position in VeriSign, Inc. (NASDAQ:VRSNFree Report) by 1.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 29,682 shares of the information services provider’s stock after purchasing an additional 564 shares during the period. Carderock Capital Management Inc.’s holdings in VeriSign were worth $6,113,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. increased its position in VeriSign by 0.6% in the 1st quarter. Vanguard Group Inc. now owns 10,445,949 shares of the information services provider’s stock worth $2,323,807,000 after purchasing an additional 59,957 shares during the last quarter. BlackRock Inc. increased its position in VeriSign by 6.9% in the 1st quarter. BlackRock Inc. now owns 9,152,000 shares of the information services provider’s stock worth $1,934,092,000 after purchasing an additional 587,635 shares during the last quarter. State Street Corp increased its position in VeriSign by 0.6% in the 2nd quarter. State Street Corp now owns 3,715,753 shares of the information services provider’s stock worth $839,649,000 after purchasing an additional 22,517 shares during the last quarter. Morgan Stanley increased its position in VeriSign by 14.7% in the 3rd quarter. Morgan Stanley now owns 1,826,836 shares of the information services provider’s stock worth $369,989,000 after purchasing an additional 233,811 shares during the last quarter. Finally, Goldman Sachs Group Inc. increased its position in VeriSign by 0.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,484,066 shares of the information services provider’s stock worth $330,145,000 after purchasing an additional 13,379 shares during the last quarter. 92.90% of the stock is owned by institutional investors and hedge funds.

VeriSign Stock Performance

Shares of NASDAQ VRSN opened at $188.97 on Thursday. The firm has a market cap of $19.07 billion, a price-to-earnings ratio of 23.86 and a beta of 0.88. The business’s 50-day simple moving average is $194.40 and its 200-day simple moving average is $202.17. VeriSign, Inc. has a 52 week low of $185.19 and a 52 week high of $229.72.

VeriSign (NASDAQ:VRSNGet Free Report) last issued its quarterly earnings data on Thursday, February 8th. The information services provider reported $1.92 EPS for the quarter, beating analysts’ consensus estimates of $1.83 by $0.09. The business had revenue of $380.40 million for the quarter, compared to analyst estimates of $381.01 million. VeriSign had a negative return on equity of 46.56% and a net margin of 54.74%. As a group, equities research analysts forecast that VeriSign, Inc. will post 7.82 earnings per share for the current year.

Insider Buying and Selling at VeriSign

In other VeriSign news, EVP Thomas C. Indelicarto sold 614 shares of the firm’s stock in a transaction that occurred on Tuesday, April 2nd. The stock was sold at an average price of $190.00, for a total value of $116,660.00. Following the sale, the executive vice president now owns 42,569 shares of the company’s stock, valued at approximately $8,088,110. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other VeriSign news, EVP Danny R. Mcpherson sold 2,875 shares of the firm’s stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $194.19, for a total value of $558,296.25. Following the sale, the executive vice president now owns 30,895 shares of the company’s stock, valued at approximately $5,999,500.05. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Thomas C. Indelicarto sold 614 shares of the firm’s stock in a transaction that occurred on Tuesday, April 2nd. The shares were sold at an average price of $190.00, for a total value of $116,660.00. Following the completion of the sale, the executive vice president now directly owns 42,569 shares in the company, valued at approximately $8,088,110. The disclosure for this sale can be found here. Insiders have sold 23,001 shares of company stock valued at $4,518,942 in the last 90 days. 0.94% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several brokerages have weighed in on VRSN. StockNews.com lowered VeriSign from a “buy” rating to a “hold” rating in a research report on Wednesday. Citigroup lowered their price objective on VeriSign from $237.00 to $236.00 and set a “buy” rating on the stock in a report on Tuesday.

Get Our Latest Stock Analysis on VRSN

VeriSign Company Profile

(Free Report)

VeriSign, Inc, together with its subsidiaries, provides domain name registry services and internet infrastructure that enables internet navigation for various recognized domain names worldwide. The company enables the security, stability, and resiliency of internet infrastructure and services, including providing root zone maintainer services, operating two of thirteen internet root servers; and offering registration services and authoritative resolution for the .com and .net domains, which supports global e-commerce.

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Institutional Ownership by Quarter for VeriSign (NASDAQ:VRSN)

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