Czech National Bank Boosts Stake in VeriSign, Inc. (NASDAQ:VRSN)

Czech National Bank boosted its holdings in shares of VeriSign, Inc. (NASDAQ:VRSN) by 3.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 17,098 shares of the information services provider’s stock after acquiring an additional 585 shares during the period. Czech National Bank’s holdings in VeriSign were worth $3,248,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Blue Trust Inc. grew its position in shares of VeriSign by 291.1% in the second quarter. Blue Trust Inc. now owns 176 shares of the information services provider’s stock valued at $33,000 after purchasing an additional 131 shares in the last quarter. UMB Bank n.a. grew its holdings in VeriSign by 117.2% in the 2nd quarter. UMB Bank n.a. now owns 202 shares of the information services provider’s stock valued at $36,000 after buying an additional 109 shares in the last quarter. Rothschild Investment LLC acquired a new stake in shares of VeriSign in the 2nd quarter worth $38,000. Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of VeriSign during the 2nd quarter worth $39,000. Finally, Versant Capital Management Inc boosted its position in shares of VeriSign by 55.7% during the 2nd quarter. Versant Capital Management Inc now owns 327 shares of the information services provider’s stock valued at $58,000 after acquiring an additional 117 shares during the last quarter. Institutional investors and hedge funds own 92.90% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on VRSN. StockNews.com downgraded shares of VeriSign from a “buy” rating to a “hold” rating in a research note on Sunday, June 16th. Robert W. Baird reaffirmed a “neutral” rating and set a $200.00 price target on shares of VeriSign in a research report on Thursday, June 27th.

VeriSign Trading Up 0.7 %

NASDAQ VRSN opened at $188.10 on Friday. The stock has a market cap of $18.36 billion, a PE ratio of 22.44 and a beta of 0.90. VeriSign, Inc. has a twelve month low of $167.04 and a twelve month high of $220.91. The stock has a fifty day simple moving average of $182.13 and a 200-day simple moving average of $179.93.

VeriSign (NASDAQ:VRSN) last announced its quarterly earnings results on Thursday, July 25th. The information services provider reported $2.01 earnings per share 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 business had revenue of $387.10 million during the quarter, compared to analysts’ expectations of $385.80 million. During the same period last year, the business earned $1.79 earnings per share. The business’s revenue for the quarter was up 4.1% on a year-over-year basis.

Insider Buying and Selling at VeriSign

In other news, EVP Thomas C. Indelicarto sold 3,684 shares of the firm’s 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 transaction, the executive vice president now directly owns 37,774 shares in the company, valued at $7,177,060. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In related news, EVP Thomas C. Indelicarto sold 2,456 shares of the company’s stock in a transaction that occurred on Friday, September 27th. The shares were sold at an average price of $190.00, for a total transaction of $466,640.00. Following the sale, the executive vice president now directly owns 34,821 shares of the company’s stock, valued at $6,615,990. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Thomas C. Indelicarto sold 3,684 shares of the stock in a transaction that occurred 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 sale, the executive vice president now owns 37,774 shares in the company, valued at approximately $7,177,060. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.84% of the stock is owned by corporate insiders.

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 thirteen internet root servers; and offering registration services and authoritative resolution for the .com and .net domains, which supports global e-commerce.