VeriSign, Inc. (VRSN) Shares Sold by California Public Employees Retirement System

California Public Employees Retirement System decreased its holdings in shares of VeriSign, Inc. (NASDAQ:VRSN) by 16.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 264,100 shares of the information services provider’s stock after selling 51,600 shares during the quarter. California Public Employees Retirement System owned 0.26% of VeriSign worth $24,551,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of the company. Tower Research Capital LLC TRC boosted its position in VeriSign by 24.6% during the first quarter. Tower Research Capital LLC TRC now owns 1,200 shares of the information services provider’s stock valued at $105,000 after purchasing an additional 237 shares during the last quarter. Global X Management Co. LLC boosted its position in VeriSign by 52.6% during the first quarter. Global X Management Co. LLC now owns 1,439 shares of the information services provider’s stock valued at $125,000 after purchasing an additional 496 shares during the last quarter. Acrospire Investment Management LLC boosted its position in VeriSign by 128.6% during the second quarter. Acrospire Investment Management LLC now owns 1,600 shares of the information services provider’s stock valued at $149,000 after purchasing an additional 900 shares during the last quarter. Pacer Advisors Inc. boosted its position in VeriSign by 3.4% during the first quarter. Pacer Advisors Inc. now owns 1,654 shares of the information services provider’s stock valued at $144,000 after purchasing an additional 55 shares during the last quarter. Finally, OLD Mutual Customised Solutions Proprietary Ltd. boosted its position in VeriSign by 109.5% during the first quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 1,676 shares of the information services provider’s stock valued at $146,000 after purchasing an additional 876 shares during the last quarter.

Shares of VeriSign, Inc. (NASDAQ VRSN) opened at 105.62 on Friday. The firm has a 50 day moving average price of $101.25 and a 200-day moving average price of $93.61. VeriSign, Inc. has a 12 month low of $74.46 and a 12 month high of $106.22. The firm has a market cap of $10.55 billion, a PE ratio of 28.79 and a beta of 1.18.

VeriSign (NASDAQ:VRSN) last released its earnings results on Thursday, July 27th. The information services provider reported $1.05 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.99 by $0.06. The firm had revenue of $289.00 million during the quarter, compared to analysts’ expectations of $287.47 million. VeriSign had a negative return on equity of 36.99% and a net margin of 39.92%. The company’s revenue was up .9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.91 EPS. On average, analysts predict that VeriSign, Inc. will post $3.97 EPS for the current fiscal year.

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In other VeriSign news, Director Timothy Tomlinson sold 1,240 shares of the stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $101.00, for a total transaction of $125,240.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Kathleen A. Cote sold 1,500 shares of the stock in a transaction dated Tuesday, August 22nd. The stock was sold at an average price of $99.94, for a total value of $149,910.00. Following the transaction, the director now owns 38,294 shares of the company’s stock, valued at approximately $3,827,102.36. The disclosure for this sale can be found here. 0.92% of the stock is currently owned by corporate insiders.

VRSN has been the subject of a number of research reports. Zacks Investment Research cut VeriSign from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. BidaskClub raised VeriSign from a “buy” rating to a “strong-buy” rating in a research report on Thursday, June 22nd. Cowen and Company reissued a “market perform” rating and set a $94.00 price objective on shares of VeriSign in a research report on Monday, July 3rd. Finally, Robert W. Baird reissued a “hold” rating and set a $105.00 price objective on shares of VeriSign in a research report on Thursday, August 31st. One analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a strong buy rating to the company. VeriSign presently has an average rating of “Hold” and an average price target of $100.33.

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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