162 Shares in VeriSign, Inc. (NASDAQ:VRSN) Bought by SeaCrest Wealth Management LLC

SeaCrest Wealth Management LLC bought a new position in VeriSign, Inc. (NASDAQ:VRSNGet Rating) during the second quarter, HoldingsChannel.com reports. The institutional investor bought 162 shares of the information services provider’s stock, valued at approximately $27,000.

A number of other large investors also recently added to or reduced their stakes in the business. Vanguard Group Inc. raised 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 period. BlackRock Inc. raised its position in VeriSign by 2.6% in the 1st quarter. BlackRock Inc. now owns 10,364,854 shares of the information services provider’s stock worth $2,305,766,000 after purchasing an additional 262,334 shares during the period. Ninety One UK Ltd raised its position in VeriSign by 6.4% in the 1st quarter. Ninety One UK Ltd now owns 3,822,105 shares of the information services provider’s stock worth $850,265,000 after purchasing an additional 228,682 shares during the period. Principal Financial Group Inc. raised its position in VeriSign by 8.4% in the 1st quarter. Principal Financial Group Inc. now owns 2,694,736 shares of the information services provider’s stock worth $599,472,000 after purchasing an additional 208,321 shares during the period. Finally, Cantillon Capital Management LLC raised its position in VeriSign by 4.9% in the 2nd quarter. Cantillon Capital Management LLC now owns 1,763,237 shares of the information services provider’s stock worth $295,043,000 after purchasing an additional 82,074 shares during the period. Hedge funds and other institutional investors own 92.96% of the company’s stock.

Insider Activity at VeriSign

In related news, EVP Thomas C. Indelicarto sold 1,226 shares of the business’s stock in a transaction dated Friday, October 28th. The shares were sold at an average price of $200.00, for a total transaction of $245,200.00. Following the transaction, the executive vice president now owns 42,429 shares in the company, valued at $8,485,800. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, EVP Thomas C. Indelicarto sold 613 shares of the business’s stock in a transaction dated Tuesday, November 1st. The shares were sold at an average price of $202.05, for a total transaction of $123,856.65. Following the transaction, the executive vice president now owns 41,816 shares in the company, valued at $8,448,922.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Thomas C. Indelicarto sold 1,226 shares of the business’s stock in a transaction dated Friday, October 28th. The shares were sold at an average price of $200.00, for a total transaction of $245,200.00. Following the transaction, the executive vice president now owns 42,429 shares in the company, valued at approximately $8,485,800. The disclosure for this sale can be found here. Insiders have sold 2,531 shares of company stock worth $508,391 over the last 90 days. 0.98% of the stock is owned by company insiders.

VeriSign Trading Up 0.8 %

VRSN stock opened at $199.31 on Thursday. The firm’s 50-day moving average price is $182.73 and its two-hundred day moving average price is $180.25. VeriSign, Inc. has a 12-month low of $155.25 and a 12-month high of $257.03. The stock has a market capitalization of $21.13 billion, a price-to-earnings ratio of 26.50 and a beta of 1.01.

VeriSign (NASDAQ:VRSNGet Rating) last released its quarterly earnings data on Thursday, October 27th. The information services provider reported $1.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.54 by $0.04. VeriSign had a net margin of 59.07% and a negative return on equity of 47.71%. The firm had revenue of $357.00 million for the quarter, compared to analysts’ expectations of $356.40 million. During the same quarter in the previous year, the company earned $1.40 earnings per share. The company’s revenue for the quarter was up 6.9% compared to the same quarter last year. Equities analysts predict that VeriSign, Inc. will post 6.08 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on VRSN. Robert W. Baird boosted their price objective on shares of VeriSign to $216.00 in a research report on Tuesday, November 1st. StockNews.com began coverage on shares of VeriSign in a research report on Wednesday, October 12th. They issued a “hold” rating on the stock.

VeriSign Profile

(Get Rating)

VeriSign, Inc, together with its subsidiaries, provides domain name registry services and internet infrastructure that enables internet navigation for various recognized domain names worldwide. It enables the security, stability, and resiliency of internet infrastructure and services, including providing root zone maintainer services, operating two of the 13 internet root servers; and offering registration services and authoritative resolution for the .com and .net domains, which support global e-commerce.

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Institutional Ownership by Quarter for VeriSign (NASDAQ:VRSN)

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