Credit Suisse AG raised its stake in VeriSign, Inc. (NASDAQ:VRSN – Free Report) by 2.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 178,209 shares of the information services provider’s stock after buying an additional 4,422 shares during the quarter. Credit Suisse AG owned 0.17% of VeriSign worth $37,661,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds have also recently added to or reduced their stakes in VRSN. Ninety One UK Ltd lifted its stake in VeriSign by 33.5% in the first quarter. Ninety One UK Ltd now owns 5,528,736 shares of the information services provider’s stock valued at $1,168,388,000 after buying an additional 1,385,849 shares during the period. Norges Bank bought a new stake in shares of VeriSign in the fourth quarter worth about $201,956,000. Natixis increased its holdings in shares of VeriSign by 3,177.1% in the fourth quarter. Natixis now owns 267,901 shares of the information services provider’s stock worth $55,038,000 after acquiring an additional 259,726 shares in the last quarter. Macquarie Group Ltd. increased its holdings in shares of VeriSign by 8.2% in the fourth quarter. Macquarie Group Ltd. now owns 3,076,338 shares of the information services provider’s stock worth $632,003,000 after acquiring an additional 233,031 shares in the last quarter. Finally, Morgan Stanley increased its holdings in shares of VeriSign by 17.0% in the fourth quarter. Morgan Stanley now owns 1,104,788 shares of the information services provider’s stock worth $226,968,000 after acquiring an additional 160,685 shares in the last quarter. Institutional investors and hedge funds own 90.75% of the company’s stock.
Insider Buying and Selling at VeriSign
In other VeriSign news, EVP Danny R. Mcpherson sold 125 shares of the firm’s stock in a transaction that occurred on Tuesday, August 15th. The stock was sold at an average price of $207.96, for a total value of $25,995.00. Following the completion of the transaction, the executive vice president now directly owns 25,788 shares in the company, valued at $5,362,872.48. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other VeriSign news, EVP Danny R. Mcpherson sold 125 shares of the firm’s stock in a transaction that occurred on Tuesday, August 15th. The stock was sold at an average price of $207.96, for a total value of $25,995.00. Following the completion of the transaction, the executive vice president now directly owns 25,788 shares in the company, valued at $5,362,872.48. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Thomas C. Indelicarto sold 614 shares of the firm’s stock in a transaction that occurred on Tuesday, June 13th. The shares were sold at an average price of $224.72, for a total value of $137,978.08. Following the completion of the transaction, the executive vice president now owns 41,113 shares of the company’s stock, valued at $9,238,913.36. The disclosure for this sale can be found here. Insiders sold a total of 40,410 shares of company stock worth $8,762,970 over the last ninety days. 0.94% of the stock is currently owned by corporate insiders.
Wall Street Analyst Weigh In
Get Our Latest Stock Analysis on VRSN
VeriSign Stock Performance
NASDAQ:VRSN opened at $201.93 on Tuesday. The company has a market cap of $20.83 billion, a PE ratio of 29.83 and a beta of 0.97. VeriSign, Inc. has a 52-week low of $169.24 and a 52-week high of $229.72. The stock has a 50-day simple moving average of $214.58 and a 200 day simple moving average of $213.05.
VeriSign (NASDAQ:VRSN – Get Free Report) last posted its quarterly earnings data on Thursday, July 27th. The information services provider reported $1.79 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.70 by $0.09. The business had revenue of $372.00 million during the quarter, compared to the consensus estimate of $373.00 million. VeriSign had a negative return on equity of 45.15% and a net margin of 48.74%. VeriSign’s quarterly revenue was up 5.7% on a year-over-year basis. During the same period last year, the company earned $1.54 earnings per share. On average, research analysts predict that VeriSign, Inc. will post 7.02 earnings per share for the current fiscal year.
VeriSign Company 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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