MetLife Investment Advisors LLC Decreases Holdings in Verisign, Inc. (VRSN)

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.

In other news, Director Timothy Tomlinson sold 580 shares of the company’s stock in a transaction dated Tuesday, February 19th. The shares were sold at an average price of $175.12, for a total transaction of $101,569.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 1.35% of the company’s stock.

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.

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About Verisign

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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Institutional Ownership by Quarter for Verisign (NASDAQ:VRSN)

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