MetLife Investment Advisors LLC lowered its position in Verisign, Inc. (NASDAQ:VRSN) by 2.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 30,422 shares of the information services provider’s stock after selling 786 shares during the quarter. MetLife Investment Advisors LLC’s holdings in Verisign were worth $4,511,000 as of its most recent SEC filing.
A number of other institutional investors have also recently modified their holdings of VRSN. Squarepoint Ops LLC acquired a new position in shares of Verisign in the 4th quarter valued at $460,000. Suntrust Banks Inc. boosted its position in shares of Verisign by 3.8% during the 4th quarter. Suntrust Banks Inc. now owns 1,813 shares of the information services provider’s stock worth $269,000 after purchasing an additional 66 shares in the last quarter. Bank of America Corp DE boosted its position in shares of Verisign by 7.6% during the 4th quarter. Bank of America Corp DE now owns 227,586 shares of the information services provider’s stock worth $33,749,000 after purchasing an additional 16,037 shares in the last quarter. Two Sigma Advisers LP boosted its position in shares of Verisign by 17.8% during the 4th quarter. Two Sigma Advisers LP now owns 427,656 shares of the information services provider’s stock worth $63,417,000 after purchasing an additional 64,567 shares in the last quarter. Finally, Two Sigma Investments LP boosted its position in shares of Verisign by 488.4% during the 4th quarter. Two Sigma Investments LP now owns 233,207 shares of the information services provider’s stock worth $34,582,000 after purchasing an additional 193,575 shares in the last quarter. Institutional investors own 94.04% of the company’s stock.
Several equities research analysts recently commented on VRSN shares. Zacks Investment Research upgraded shares of Verisign from a “hold” rating to a “buy” rating and set a $195.00 price objective on the stock in a research report on Saturday, February 9th. BidaskClub upgraded shares of Verisign from a “hold” rating to a “buy” rating in a research report on Tuesday, January 29th. Citigroup reiterated a “neutral” rating and issued a $195.00 price objective (up from $175.00) on shares of Verisign in a research report on Tuesday, March 5th. Finally, ValuEngine upgraded shares of Verisign from a “buy” rating to a “strong-buy” rating in a report on Tuesday, February 12th. Four investment analysts have rated the stock with a hold rating, one has issued a buy rating and two have assigned a strong buy rating to the company’s stock. Verisign has an average rating of “Buy” and an average target price of $175.00.
NASDAQ:VRSN traded down $0.55 on Monday, reaching $189.05. The stock had a trading volume of 390,812 shares, compared to its average volume of 616,507. Verisign, Inc. has a 12-month low of $116.15 and a 12-month high of $191.20. The firm has a market cap of $22.70 billion, a price-to-earnings ratio of 39.80 and a beta of 1.07.
Verisign (NASDAQ:VRSN) last posted its quarterly earnings data on Thursday, February 7th. The information services provider reported $1.58 EPS for the quarter, beating the Zacks’ consensus estimate of $1.21 by $0.37. Verisign had a net margin of 47.94% and a negative return on equity of 42.50%. The company had revenue of $307.45 million during the quarter, compared to the consensus estimate of $308.64 million. During the same quarter in the prior year, the company posted $0.96 EPS. The company’s quarterly revenue was up 4.0% compared to the same quarter last year. As a group, equities analysts predict that Verisign, Inc. will post 4.75 earnings per share for the current year.
VeriSign, Inc provides domain name registry services and Internet infrastructure in the United States and internationally. The company offers registry services that operate the authoritative directory of and/or the back-end systems for .com, .net, .cc, .tv, .gov, .jobs, .edu, .name, and other domain names.
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