Commerzbank Aktiengesellschaft FI boosted its stake in VeriSign, Inc. (NASDAQ:VRSN) by 10.2% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 17,136 shares of the information services provider’s stock after acquiring an additional 1,580 shares during the period. Commerzbank Aktiengesellschaft FI’s holdings in VeriSign were worth $1,823,000 as of its most recent SEC filing.
Other large investors have also made changes to their positions in the company. Dimensional Fund Advisors LP grew its position in shares of VeriSign by 0.8% in the first quarter. Dimensional Fund Advisors LP now owns 251,995 shares of the information services provider’s stock valued at $21,951,000 after purchasing an additional 1,942 shares during the last quarter. Sei Investments Co. grew its position in shares of VeriSign by 29.1% in the second quarter. Sei Investments Co. now owns 11,206 shares of the information services provider’s stock valued at $1,041,000 after purchasing an additional 2,527 shares during the last quarter. Advisor Partners LLC grew its position in shares of VeriSign by 5.2% in the second quarter. Advisor Partners LLC now owns 2,689 shares of the information services provider’s stock valued at $250,000 after purchasing an additional 134 shares during the last quarter. Global X Management Co. LLC grew its position in shares of VeriSign by 13.4% in the second quarter. Global X Management Co. LLC now owns 1,632 shares of the information services provider’s stock valued at $152,000 after purchasing an additional 193 shares during the last quarter. Finally, Cigna Investments Inc. New acquired a new stake in shares of VeriSign in the second quarter valued at approximately $333,000.
Several analysts have recently commented on VRSN shares. Robert W. Baird set a $105.00 price target on shares of VeriSign and gave the company a “hold” rating in a research report on Friday, October 6th. Cowen reissued a “hold” rating and set a $103.00 price objective on shares of VeriSign in a research note on Sunday, October 29th. Citigroup upped their price objective on shares of VeriSign from $101.00 to $111.00 and gave the company a “neutral” rating in a research note on Friday, October 27th. Zacks Investment Research downgraded shares of VeriSign from a “hold” rating to a “sell” rating in a research note on Wednesday, November 1st. Finally, BidaskClub raised shares of VeriSign from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 26th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a strong buy rating to the stock. VeriSign currently has an average rating of “Hold” and a consensus target price of $106.33.
VeriSign, Inc. (NASDAQ:VRSN) opened at $112.44 on Wednesday. VeriSign, Inc. has a one year low of $75.71 and a one year high of $118.28. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of -1.45. The company has a market cap of $11,095.05, a price-to-earnings ratio of 31.44 and a beta of 1.03.
VeriSign (NASDAQ:VRSN) last released its quarterly earnings results on Thursday, October 26th. The information services provider reported $1.00 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.97 by $0.03. The business had revenue of $292.40 million during the quarter, compared to analyst estimates of $290.90 million. VeriSign had a net margin of 39.79% and a negative return on equity of 36.88%. The business’s revenue was up 1.7% on a year-over-year basis. During the same period last year, the business earned $0.93 EPS. sell-side analysts forecast that VeriSign, Inc. will post 3.65 earnings per share for the current year.
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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).
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