Koch Industries Inc. Raises Holdings in VeriSign, Inc. (VRSN)

Koch Industries Inc. boosted its position in VeriSign, Inc. (NASDAQ:VRSN) by 10,263.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 875,519 shares of the information services provider’s stock after buying an additional 867,071 shares during the quarter. Koch Industries Inc. owned approximately 0.88% of VeriSign worth $866,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Vanguard Group Inc. boosted its stake in VeriSign by 3.4% in the second quarter. Vanguard Group Inc. now owns 8,782,015 shares of the information services provider’s stock worth $816,376,000 after buying an additional 292,054 shares in the last quarter. BlackRock Inc. boosted its stake in VeriSign by 8.9% in the second quarter. BlackRock Inc. now owns 8,394,049 shares of the information services provider’s stock worth $780,310,000 after buying an additional 687,358 shares in the last quarter. Renaissance Technologies LLC boosted its stake in VeriSign by 22.9% in the second quarter. Renaissance Technologies LLC now owns 5,045,476 shares of the information services provider’s stock worth $469,027,000 after buying an additional 941,100 shares in the last quarter. Investec Asset Management LTD boosted its stake in VeriSign by 11.0% in the second quarter. Investec Asset Management LTD now owns 2,486,365 shares of the information services provider’s stock worth $231,132,000 after buying an additional 247,127 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership boosted its stake in VeriSign by 84.6% in the second quarter. Arrowstreet Capital Limited Partnership now owns 1,458,379 shares of the information services provider’s stock worth $135,571,000 after buying an additional 668,211 shares in the last quarter.

Shares of VeriSign, Inc. (NASDAQ VRSN) traded up 0.23% during mid-day trading on Friday, reaching $108.25. The company’s stock had a trading volume of 455,274 shares. The company has a market cap of $10.82 billion, a PE ratio of 29.50 and a beta of 1.19. The company has a 50-day moving average price of $105.02 and a 200 day moving average price of $96.03. VeriSign, Inc. has a 52-week low of $75.15 and a 52-week high of $110.82.

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

Several brokerages have weighed in on VRSN. Cowen and Company reiterated a “market perform” rating and issued a $94.00 price objective on shares of VeriSign in a research report on Monday, July 3rd. BidaskClub downgraded VeriSign from a “strong-buy” rating to a “buy” rating in a research report on Friday, August 4th. Robert W. Baird set a $105.00 price objective on VeriSign and gave the company a “hold” rating in a research report on Friday, October 6th. Finally, Zacks Investment Research downgraded VeriSign from a “hold” rating to a “sell” rating in a research report on Wednesday, August 2nd. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $99.50.

In related news, Director Kathleen A. Cote sold 1,500 shares of the business’s stock in a transaction on Tuesday, August 22nd. The stock was sold at an average price of $99.94, for a total transaction of $149,910.00. Following the completion of the transaction, the director now owns 38,294 shares in the company, valued at approximately $3,827,102.36. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Timothy Tomlinson sold 1,240 shares of the business’s stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $101.00, for a total value of $125,240.00. The disclosure for this sale can be found here. 0.92% of the stock is owned by insiders.

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About VeriSign

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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Institutional Ownership by Quarter for VeriSign (NASDAQ:VRSN)

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