DnB Asset Management AS increased its position in shares of VeriSign, Inc. (NASDAQ:VRSN – Free Report) by 0.8% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,792 shares of the information services provider’s stock after purchasing an additional 110 shares during the period. DnB Asset Management AS’s holdings in VeriSign were worth $2,915,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Concord Wealth Partners bought a new stake in shares of VeriSign during the 4th quarter valued at $25,000. Resurgent Financial Advisors LLC bought a new stake in VeriSign in the 4th quarter valued at $25,000. Capital Directions Investment Advisors LLC bought a new stake in VeriSign in the 4th quarter valued at $28,000. IFP Advisors Inc increased its holdings in VeriSign by 88.8% in the 1st quarter. IFP Advisors Inc now owns 708 shares of the information services provider’s stock valued at $28,000 after acquiring an additional 333 shares during the last quarter. Finally, Accurate Wealth Management LLC bought a new stake in VeriSign in the 4th quarter valued at $29,000. 90.75% of the stock is currently owned by institutional investors.
Insiders Place Their Bets
In other VeriSign news, CEO D James Bidzos sold 6,000 shares of VeriSign stock in a transaction on Tuesday, April 11th. The shares were sold at an average price of $211.29, for a total value of $1,267,740.00. Following the completion of the transaction, the chief executive officer now directly owns 651,810 shares of the company’s stock, valued at approximately $137,720,934.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, CEO D James Bidzos sold 6,000 shares of VeriSign stock in a transaction dated Tuesday, April 11th. The shares were sold at an average price of $211.29, for a total transaction of $1,267,740.00. Following the completion of the transaction, the chief executive officer now directly owns 651,810 shares of the company’s stock, valued at approximately $137,720,934.90. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Thomas C. Indelicarto sold 614 shares of VeriSign stock in a transaction dated Wednesday, July 5th. The stock was sold at an average price of $222.08, for a total transaction of $136,357.12. Following the transaction, the executive vice president now directly owns 40,499 shares of the company’s stock, valued at $8,994,017.92. The disclosure for this sale can be found here. Insiders sold 45,509 shares of company stock valued at $10,014,171 in the last three months. Corporate insiders own 0.94% of the company’s stock.
VeriSign Stock Up 0.3 %
VeriSign (NASDAQ:VRSN – Free Report) last issued its quarterly earnings data on Thursday, April 27th. The information services provider reported $1.70 EPS for the quarter, topping analysts’ consensus estimates of $1.64 by $0.06. VeriSign had a net margin of 48.20% and a negative return on equity of 45.19%. The business had revenue of $364.40 million during the quarter, compared to analysts’ expectations of $367.32 million. During the same period last year, the company posted $1.43 EPS. The business’s revenue was up 5.0% on a year-over-year basis. On average, analysts expect that VeriSign, Inc. will post 6.92 earnings per share for the current year.
Wall Street Analysts Forecast Growth
Separately, StockNews.com upgraded shares of VeriSign from a “hold” rating to a “buy” rating in a report on Wednesday.
VeriSign Profile
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 the 13 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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