Quadrature Capital Ltd Acquires New Stake in VeriSign, Inc. (NASDAQ:VRSN)

Quadrature Capital Ltd acquired a new stake in VeriSign, Inc. (NASDAQ:VRSNFree Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 6,464 shares of the information services provider’s stock, valued at approximately $1,331,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Seven Eight Capital LP increased its holdings in VeriSign by 110.8% in the fourth quarter. Seven Eight Capital LP now owns 3,979 shares of the information services provider’s stock valued at $820,000 after purchasing an additional 2,091 shares during the period. Schroder Investment Management Group increased its holdings in VeriSign by 9.2% in the fourth quarter. Schroder Investment Management Group now owns 388,874 shares of the information services provider’s stock valued at $80,092,000 after purchasing an additional 32,863 shares during the period. Epoch Investment Partners Inc. increased its holdings in VeriSign by 250.2% in the fourth quarter. Epoch Investment Partners Inc. now owns 96,882 shares of the information services provider’s stock valued at $19,954,000 after purchasing an additional 69,217 shares during the period. Morningstar Investment Services LLC acquired a new stake in VeriSign in the fourth quarter valued at $350,000. Finally, Cibc World Markets Corp increased its holdings in VeriSign by 133.2% in the fourth quarter. Cibc World Markets Corp now owns 11,550 shares of the information services provider’s stock valued at $2,379,000 after purchasing an additional 6,598 shares during the period. 92.90% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at VeriSign

In other news, EVP Thomas C. Indelicarto sold 614 shares of the stock in a transaction dated Thursday, April 11th. The shares were sold at an average price of $190.00, for a total transaction of $116,660.00. Following the transaction, the executive vice president now owns 41,955 shares of the company’s stock, valued at approximately $7,971,450. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director Yehuda Ari Buchalter sold 866 shares of the firm’s stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of $170.01, for a total value of $147,228.66. Following the transaction, the director now owns 3,661 shares of the company’s stock, valued at approximately $622,406.61. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Thomas C. Indelicarto sold 614 shares of the firm’s stock in a transaction dated Thursday, April 11th. The shares were sold at an average price of $190.00, for a total transaction of $116,660.00. Following the completion of the transaction, the executive vice president now directly owns 41,955 shares in the company, valued at approximately $7,971,450. The disclosure for this sale can be found here. Insiders have sold 3,295 shares of company stock valued at $584,887 in the last 90 days. 0.84% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of brokerages have weighed in on VRSN. Robert W. Baird decreased their price target on VeriSign from $215.00 to $200.00 and set a “neutral” rating for the company in a report on Friday, April 26th. Citigroup decreased their price target on VeriSign from $237.00 to $236.00 and set a “buy” rating for the company in a report on Tuesday, April 2nd. Finally, StockNews.com upgraded VeriSign from a “hold” rating to a “buy” rating in a report on Saturday.

Read Our Latest Analysis on VeriSign

VeriSign Trading Down 0.2 %

Shares of VeriSign stock opened at $180.13 on Tuesday. The business has a 50-day moving average price of $177.46 and a two-hundred day moving average price of $192.47. VeriSign, Inc. has a 1-year low of $167.04 and a 1-year high of $226.80. The company has a market cap of $17.94 billion, a P/E ratio of 22.13 and a beta of 0.91.

VeriSign (NASDAQ:VRSNGet Free Report) last released its quarterly earnings data on Thursday, April 25th. The information services provider reported $1.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.86 by $0.06. The company had revenue of $384.30 million for the quarter, compared to analysts’ expectations of $381.85 million. VeriSign had a net margin of 55.04% and a negative return on equity of 47.21%. The business’s revenue was up 5.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.70 EPS.

VeriSign Company Profile

(Free Report)

VeriSign, Inc, together with its subsidiaries, provides domain name registry services and internet infrastructure that enables internet navigation for various recognized domain names worldwide. The company enables the security, stability, and resiliency of internet infrastructure and services, including providing root zone maintainer services, operating two of thirteen internet root servers; and offering registration services and authoritative resolution for the .com and .net domains, which supports global e-commerce.

Further Reading

Institutional Ownership by Quarter for VeriSign (NASDAQ:VRSN)

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