VeriSign, Inc. (NASDAQ:VRSN) Shares Acquired by Russell Investments Group Ltd.

Russell Investments Group Ltd. increased its position in VeriSign, Inc. (NASDAQ:VRSNGet Rating) by 39.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 200,495 shares of the information services provider’s stock after buying an additional 56,969 shares during the period. Russell Investments Group Ltd. owned about 0.19% of VeriSign worth $34,832,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. American Century Companies Inc. increased its position in VeriSign by 22.9% during the first quarter. American Century Companies Inc. now owns 2,956 shares of the information services provider’s stock worth $657,000 after purchasing an additional 551 shares during the last quarter. Cetera Advisor Networks LLC increased its position in VeriSign by 10.4% during the first quarter. Cetera Advisor Networks LLC now owns 1,425 shares of the information services provider’s stock worth $317,000 after purchasing an additional 134 shares during the last quarter. Synovus Financial Corp acquired a new position in VeriSign during the first quarter worth approximately $767,000. Sei Investments Co. increased its position in VeriSign by 15.4% during the first quarter. Sei Investments Co. now owns 12,329 shares of the information services provider’s stock worth $2,725,000 after purchasing an additional 1,641 shares during the last quarter. Finally, Canada Pension Plan Investment Board increased its position in VeriSign by 14.9% during the first quarter. Canada Pension Plan Investment Board now owns 35,029 shares of the information services provider’s stock worth $7,793,000 after purchasing an additional 4,545 shares during the last quarter. Institutional investors and hedge funds own 91.21% of the company’s stock.

VeriSign Price Performance

VeriSign stock opened at $215.51 on Wednesday. VeriSign, Inc. has a 52-week low of $155.25 and a 52-week high of $228.80. The firm has a fifty day moving average of $203.45 and a 200-day moving average of $191.52. The firm has a market capitalization of $22.85 billion, a P/E ratio of 28.66 and a beta of 0.95.

VeriSign (NASDAQ:VRSNGet Rating) last announced its earnings results on Thursday, October 27th. The information services provider reported $1.58 earnings per share for the quarter, beating the consensus estimate of $1.57 by $0.01. The business had revenue of $357.00 million during the quarter, compared to the consensus estimate of $356.40 million. VeriSign had a net margin of 59.07% and a negative return on equity of 47.71%. The business’s quarterly revenue was up 6.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.40 earnings per share. On average, research analysts expect that VeriSign, Inc. will post 6.08 EPS for the current fiscal year.

Insider Activity

In other news, EVP Thomas C. Indelicarto sold 1,226 shares of the company’s stock in a transaction on Friday, October 28th. The shares were sold at an average price of $200.00, for a total value of $245,200.00. Following the completion of the transaction, the executive vice president now directly owns 42,429 shares in the company, valued at $8,485,800. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other VeriSign news, EVP Thomas C. Indelicarto sold 1,226 shares of the stock in a transaction on Friday, October 28th. The shares were sold at an average price of $200.00, for a total transaction of $245,200.00. Following the transaction, the executive vice president now directly owns 42,429 shares in the company, valued at approximately $8,485,800. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Thomas C. Indelicarto sold 613 shares of the stock in a transaction on Tuesday, November 1st. The shares were sold at an average price of $202.05, for a total transaction of $123,856.65. Following the transaction, the executive vice president now owns 41,816 shares in the company, valued at $8,448,922.80. The disclosure for this sale can be found here. Over the last three months, insiders sold 67,596 shares of company stock worth $13,989,196. 0.98% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

VRSN has been the subject of several research analyst reports. Citigroup initiated coverage on shares of VeriSign in a research report on Tuesday, December 13th. They set a “buy” rating and a $243.00 price target for the company. StockNews.com assumed coverage on shares of VeriSign in a research report on Wednesday, October 12th. They issued a “hold” rating for the company. Finally, Robert W. Baird raised shares of VeriSign from a “neutral” rating to an “outperform” rating and increased their price objective for the stock from $216.00 to $265.00 in a research report on Thursday, December 15th.

About VeriSign

(Get Rating)

VeriSign, Inc provides domain name registry services and Internet infrastructure, which enables Internet navigation for many of the world’s most recognized domain names. It enables the security, stability, and resiliency of key Internet infrastructure and services, including providing root zone maintainer services.

Further Reading

Institutional Ownership by Quarter for VeriSign (NASDAQ:VRSN)

Receive News & Ratings for VeriSign Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for VeriSign and related companies with MarketBeat.com's FREE daily email newsletter.