Verisign, Inc. (VRSN) Holdings Trimmed by Gulf International Bank UK Ltd

Share on StockTwits

Gulf International Bank UK Ltd trimmed its holdings in Verisign, Inc. (NASDAQ:VRSN) by 32.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 26,024 shares of the information services provider’s stock after selling 12,681 shares during the quarter. Gulf International Bank UK Ltd’s holdings in Verisign were worth $3,859,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Vanguard Group Inc. raised its holdings in shares of Verisign by 4.5% during the 3rd quarter. Vanguard Group Inc. now owns 11,368,270 shares of the information services provider’s stock worth $1,820,286,000 after acquiring an additional 485,685 shares in the last quarter. Vanguard Group Inc raised its holdings in shares of Verisign by 4.5% during the 3rd quarter. Vanguard Group Inc now owns 11,368,270 shares of the information services provider’s stock worth $1,820,286,000 after acquiring an additional 485,685 shares in the last quarter. BlackRock Inc. raised its holdings in shares of Verisign by 2.0% during the 3rd quarter. BlackRock Inc. now owns 8,633,323 shares of the information services provider’s stock worth $1,382,366,000 after acquiring an additional 172,033 shares in the last quarter. Renaissance Technologies LLC raised its holdings in shares of Verisign by 1.8% during the 3rd quarter. Renaissance Technologies LLC now owns 7,037,800 shares of the information services provider’s stock worth $1,126,893,000 after acquiring an additional 122,700 shares in the last quarter. Finally, Capital International Investors purchased a new stake in shares of Verisign during the 3rd quarter worth approximately $991,190,000. Institutional investors and hedge funds own 92.07% of the company’s stock.

NASDAQ:VRSN opened at $157.93 on Friday. Verisign, Inc. has a fifty-two week low of $105.40 and a fifty-two week high of $176.76. The firm has a market cap of $18.82 billion, a P/E ratio of 42.92 and a beta of 0.94.

Verisign (NASDAQ:VRSN) last released its quarterly earnings results on Thursday, October 25th. The information services provider reported $1.23 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.10 by $0.13. Verisign had a negative return on equity of 38.09% and a net margin of 41.82%. The company had revenue of $305.78 million for the quarter, compared to analyst estimates of $305.25 million. As a group, equities analysts forecast that Verisign, Inc. will post 4.37 earnings per share for the current fiscal year.

In related news, EVP Thomas C. Indelicarto sold 3,300 shares of the stock in a transaction on Thursday, December 6th. The stock was sold at an average price of $150.81, for a total transaction of $497,673.00. Following the sale, the executive vice president now owns 55,871 shares in the company, valued at approximately $8,425,905.51. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Kathleen A. Cote sold 2,384 shares of the stock in a transaction on Monday, November 5th. The shares were sold at an average price of $160.50, for a total value of $382,632.00. Following the sale, the director now owns 37,594 shares in the company, valued at approximately $6,033,837. The disclosure for this sale can be found here. Corporate insiders own 1.35% of the company’s stock.

Several analysts have recently issued reports on the company. Citigroup upped their price objective on Verisign from $152.00 to $155.00 and gave the stock a “neutral” rating in a report on Friday, November 2nd. JPMorgan Chase & Co. upped their price objective on Verisign from $123.00 to $125.00 and gave the stock an “average” rating in a report on Monday, September 24th. BidaskClub raised Verisign from a “sell” rating to a “hold” rating in a report on Saturday, December 1st. Zacks Investment Research reaffirmed a “hold” rating on shares of Verisign in a report on Saturday, November 17th. Finally, Robert W. Baird upgraded Verisign from a “neutral” rating to an “outperform” rating and increased their price target for the company from $160.00 to $170.00 in a report on Friday, November 2nd. Five equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Verisign has an average rating of “Hold” and a consensus price target of $160.80.

ILLEGAL ACTIVITY WARNING: This piece was reported by Ticker Report and is owned by of Ticker Report. If you are viewing this piece on another website, it was illegally stolen and republished in violation of United States and international trademark & copyright laws. The legal version of this piece can be viewed at https://www.tickerreport.com/banking-finance/4072208/verisign-inc-vrsn-holdings-trimmed-by-gulf-international-bank-uk-ltd.html.

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.

Recommended Story: Marijuana Stocks Future Looks Bright

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

Peoples Bancorp Inc.  Stake Lessened by Martingale Asset Management L P
Peoples Bancorp Inc. Stake Lessened by Martingale Asset Management L P
Verisign, Inc.  Holdings Trimmed by Gulf International Bank UK Ltd
Verisign, Inc. Holdings Trimmed by Gulf International Bank UK Ltd
Incyte Co.  Holdings Trimmed by Morgan Stanley
Incyte Co. Holdings Trimmed by Morgan Stanley
Credit Suisse Group AG  Stake Lessened by Morgan Stanley
Credit Suisse Group AG Stake Lessened by Morgan Stanley
Legal & General Group Plc Has $5.38 Million Stake in Sterling Bancorp
Legal & General Group Plc Has $5.38 Million Stake in Sterling Bancorp
Morgan Stanley Grows Holdings in Pan American Silver Corp.
Morgan Stanley Grows Holdings in Pan American Silver Corp.


Leave a Reply

© 2006-2019 Ticker Report