Investec Asset Management LTD Lowers Position in VeriSign, Inc. (VRSN)

Investec Asset Management LTD lowered its holdings in shares of VeriSign, Inc. (NASDAQ:VRSN) by 0.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,464,788 shares of the information services provider’s stock after selling 21,577 shares during the quarter. VeriSign makes up 1.2% of Investec Asset Management LTD’s portfolio, making the stock its 27th biggest holding. Investec Asset Management LTD owned approximately 2.50% of VeriSign worth $262,229,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Dimensional Fund Advisors LP increased its holdings in VeriSign by 0.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 251,995 shares of the information services provider’s stock worth $21,951,000 after purchasing an additional 1,942 shares during the period. Acadian Asset Management LLC grew its stake in VeriSign by 25.6% during the 2nd quarter. Acadian Asset Management LLC now owns 71,794 shares of the information services provider’s stock worth $6,675,000 after buying an additional 14,639 shares during the last quarter. Strs Ohio grew its stake in VeriSign by 9.9% during the 2nd quarter. Strs Ohio now owns 411,817 shares of the information services provider’s stock worth $38,282,000 after buying an additional 37,243 shares during the last quarter. Boston Financial Mangement LLC grew its stake in VeriSign by 9.7% during the 2nd quarter. Boston Financial Mangement LLC now owns 80,442 shares of the information services provider’s stock worth $7,478,000 after buying an additional 7,133 shares during the last quarter. Finally, Dock Street Asset Management Inc. grew its stake in VeriSign by 6.2% during the 2nd quarter. Dock Street Asset Management Inc. now owns 32,509 shares of the information services provider’s stock worth $3,022,000 after buying an additional 1,886 shares during the last quarter.

VeriSign, Inc. (NASDAQ:VRSN) opened at $112.40 on Thursday. The company has a market capitalization of $11,083.22, a price-to-earnings ratio of 31.41 and a beta of 1.03. The company has a debt-to-equity ratio of -1.45, a quick ratio of 1.57 and a current ratio of 1.57. VeriSign, Inc. has a 52 week low of $75.71 and a 52 week high of $118.28.

VeriSign (NASDAQ:VRSN) last announced its quarterly earnings data on Thursday, October 26th. The information services provider reported $1.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.97 by $0.03. The business had revenue of $292.40 million for the quarter, compared to analysts’ expectations of $290.90 million. VeriSign had a negative return on equity of 36.88% and a net margin of 39.79%. The company’s revenue for the quarter was up 1.7% compared to the same quarter last year. During the same period last year, the firm earned $0.93 earnings per share. sell-side analysts predict that VeriSign, Inc. will post 3.65 EPS for the current fiscal year.

VRSN has been the subject of a number of research reports. Citigroup lifted their price target on VeriSign from $101.00 to $111.00 and gave the stock a “neutral” rating in a research report on Friday, October 27th. Cowen reissued a “hold” rating and issued a $103.00 price objective on shares of VeriSign in a report on Sunday, October 29th. Robert W. Baird set a $105.00 price target on VeriSign and gave the stock a “hold” rating in a report on Friday, October 6th. Zacks Investment Research lowered VeriSign from a “hold” rating to a “sell” rating in a research note on Wednesday, November 1st. Finally, BidaskClub upgraded VeriSign from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 26th. One analyst has rated the stock with a sell rating, three have given a hold rating and one has given a strong buy rating to the company. VeriSign has an average rating of “Hold” and a consensus target price of $106.33.

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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).

Institutional Ownership by Quarter for VeriSign (NASDAQ:VRSN)

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