VeriSign, Inc. (NASDAQ:VRSN) Stock Position Raised by Czech National Bank

Czech National Bank boosted its position in shares of VeriSign, Inc. (NASDAQ:VRSN) by 6.5% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 16,513 shares of the information services provider’s stock after purchasing an additional 1,008 shares during the period. Czech National Bank’s holdings in VeriSign were worth $2,936,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the company. Versant Capital Management Inc raised its holdings in shares of VeriSign by 55.7% during the second quarter. Versant Capital Management Inc now owns 327 shares of the information services provider’s stock worth $58,000 after acquiring an additional 117 shares in the last quarter. Quarry LP bought a new stake in shares of VeriSign in the 4th quarter valued at approximately $76,000. Neo Ivy Capital Management acquired a new stake in VeriSign in the fourth quarter valued at approximately $77,000. GAMMA Investing LLC bought a new position in shares of VeriSign during the 4th quarter valued at $97,000. Finally, Larson Financial Group LLC lifted its stake in shares of VeriSign by 100.3% in the 4th quarter. Larson Financial Group LLC now owns 711 shares of the information services provider’s stock valued at $146,000 after purchasing an additional 356 shares during the last quarter. 92.90% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

VRSN has been the topic of several analyst reports. Robert W. Baird reissued a “neutral” rating and set a $200.00 target price on shares of VeriSign in a research report on Thursday, June 27th. StockNews.com lowered shares of VeriSign from a “buy” rating to a “hold” rating in a research report on Sunday, June 16th.

Insider Buying and Selling at VeriSign

In related news, EVP Danny R. Mcpherson sold 1,200 shares of VeriSign stock in a transaction on Friday, May 17th. The stock was sold at an average price of $170.14, for a total transaction of $204,168.00. Following the completion of the sale, the executive vice president now directly owns 29,181 shares of the company’s stock, valued at $4,964,855.34. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, EVP Danny R. Mcpherson sold 1,200 shares of the business’s stock in a transaction that occurred on Friday, May 17th. The shares were sold at an average price of $170.14, for a total transaction of $204,168.00. Following the completion of the transaction, the executive vice president now owns 29,181 shares in the company, valued at $4,964,855.34. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Thomas C. Indelicarto sold 3,684 shares of the stock in a transaction on Monday, July 29th. The stock was sold at an average price of $190.00, for a total transaction of $699,960.00. Following the completion of the sale, the executive vice president now owns 37,774 shares in the company, valued at $7,177,060. The disclosure for this sale can be found here. Corporate insiders own 0.84% of the company’s stock.

VeriSign Stock Down 0.3 %

VRSN traded down $0.45 during trading on Monday, reaching $174.56. 128,641 shares of the company’s stock were exchanged, compared to its average volume of 679,317. VeriSign, Inc. has a fifty-two week low of $167.04 and a fifty-two week high of $220.91. The company has a market capitalization of $17.04 billion, a P/E ratio of 21.50 and a beta of 0.90. The business has a 50 day moving average price of $178.90 and a 200 day moving average price of $183.57.

VeriSign (NASDAQ:VRSN) last posted its earnings results on Thursday, July 25th. The information services provider reported $2.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.93 by $0.08. VeriSign had a net margin of 55.40% and a negative return on equity of 46.63%. The company had revenue of $387.10 million during the quarter, compared to analysts’ expectations of $385.80 million. During the same quarter in the previous year, the company posted $1.79 earnings per share. VeriSign’s quarterly revenue was up 4.1% compared to the same quarter last year.

About VeriSign

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.