State of Alaska Department of Revenue Grows Stake in Verisign, Inc. (VRSN)

Share on StockTwits

State of Alaska Department of Revenue increased its position in shares of Verisign, Inc. (NASDAQ:VRSN) by 5.9% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 75,109 shares of the information services provider’s stock after purchasing an additional 4,185 shares during the period. State of Alaska Department of Revenue owned about 0.06% of Verisign worth $12,024,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in VRSN. Nomura Holdings Inc. boosted its stake in Verisign by 32.7% in the 2nd quarter. Nomura Holdings Inc. now owns 22,102 shares of the information services provider’s stock valued at $3,037,000 after buying an additional 5,452 shares in the last quarter. Cubist Systematic Strategies LLC boosted its stake in Verisign by 38.0% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 11,157 shares of the information services provider’s stock valued at $1,533,000 after buying an additional 3,072 shares in the last quarter. Securian Asset Management Inc boosted its stake in Verisign by 16.7% in the 2nd quarter. Securian Asset Management Inc now owns 9,930 shares of the information services provider’s stock valued at $1,365,000 after buying an additional 1,420 shares in the last quarter. LPL Financial LLC boosted its stake in Verisign by 14.0% in the 1st quarter. LPL Financial LLC now owns 5,511 shares of the information services provider’s stock valued at $653,000 after buying an additional 676 shares in the last quarter. Finally, Achmea Investment Management B.V. boosted its stake in Verisign by 45.3% in the 2nd quarter. Achmea Investment Management B.V. now owns 17,732 shares of the information services provider’s stock valued at $2,436,000 after buying an additional 5,532 shares in the last quarter. Institutional investors and hedge funds own 93.30% of the company’s stock.

Shares of VRSN stock opened at $140.90 on Thursday. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of -1.29. The firm has a market capitalization of $19.52 billion, a P/E ratio of 38.29 and a beta of 0.89. Verisign, Inc. has a one year low of $105.40 and a one year high of $164.19.

Verisign (NASDAQ:VRSN) last announced its quarterly earnings results on Thursday, July 26th. The information services provider reported $1.18 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.14 by $0.04. The business had revenue of $302.40 million for the quarter, compared to analyst estimates of $302.47 million. Verisign had a negative return on equity of 37.20% and a net margin of 40.38%. Verisign’s quarterly revenue was up 4.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.05 EPS. Research analysts expect that Verisign, Inc. will post 4.31 earnings per share for the current fiscal year.

Several analysts recently commented on the company. JPMorgan Chase & Co. boosted their price target on Verisign from $123.00 to $125.00 and gave the company an “average” rating in a research note on Monday, September 24th. BidaskClub raised Verisign from a “buy” rating to a “strong-buy” rating in a research note on Thursday, August 30th. Robert W. Baird reaffirmed a “hold” rating and issued a $160.00 price target on shares of Verisign in a research note on Friday, July 27th. Finally, Cowen reaffirmed a “hold” rating and issued a $155.00 price target on shares of Verisign in a research note on Friday, July 27th. Five research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Verisign currently has an average rating of “Hold” and a consensus target price of $139.00.

About Verisign

VeriSign, Inc provides domain name registry services and Internet security worldwide. The company offers registry services that operate the authoritative directory of .com, .net, .cc, .tv, .gov, .jobs, .edu, .name, and other domain names. Its registry services allow individuals and organizations to establish their online identities.

See Also: Buyback

Want to see what other hedge funds are holding VRSN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Verisign, Inc. (NASDAQ:VRSN).

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.

Latest News

Ciner Resources LP  Expected to Announce Quarterly Sales of $130.30 Million
Ciner Resources LP Expected to Announce Quarterly Sales of $130.30 Million
MCO Hits Market Capitalization of $69.30 Million
MCO Hits Market Capitalization of $69.30 Million
FlorinCoin  Price Up 67.9% Over Last 7 Days
FlorinCoin Price Up 67.9% Over Last 7 Days
$262.49 Million in Sales Expected for Orbotech Ltd  This Quarter
$262.49 Million in Sales Expected for Orbotech Ltd This Quarter
$234.07 Million in Sales Expected for Integrated Device Technology Inc  This Quarter
$234.07 Million in Sales Expected for Integrated Device Technology Inc This Quarter
Zacks: Brokerages Anticipate TiVo Corp  Will Announce Quarterly Sales of $167.30 Million
Zacks: Brokerages Anticipate TiVo Corp Will Announce Quarterly Sales of $167.30 Million


Leave a Reply

© 2006-2018 Ticker Report. Google+.