Natixis Advisors L.P. acquired a new stake in Verisign, Inc. (NASDAQ:VRSN) in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 10,291 shares of the information services provider’s stock, valued at approximately $1,526,000.
Other hedge funds also recently made changes to their positions in the company. Nomura Asset Management Co. Ltd. lifted its holdings in Verisign by 16.1% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 19,398 shares of the information services provider’s stock valued at $2,876,000 after acquiring an additional 2,685 shares during the period. DNB Asset Management AS lifted its holdings in Verisign by 72.5% in the fourth quarter. DNB Asset Management AS now owns 21,421 shares of the information services provider’s stock valued at $3,177,000 after acquiring an additional 9,000 shares during the period. BlackRock Inc. lifted its holdings in Verisign by 2.5% in the fourth quarter. BlackRock Inc. now owns 8,848,684 shares of the information services provider’s stock valued at $1,312,172,000 after acquiring an additional 215,361 shares during the period. Great West Life Assurance Co. Can lifted its holdings in Verisign by 1.9% in the fourth quarter. Great West Life Assurance Co. Can now owns 80,755 shares of the information services provider’s stock valued at $11,435,000 after acquiring an additional 1,543 shares during the period. Finally, TrimTabs Asset Management LLC bought a new position in Verisign in the fourth quarter valued at about $1,618,000. Hedge funds and other institutional investors own 94.04% of the company’s stock.
VRSN has been the subject of a number of analyst reports. Citigroup restated a “neutral” rating and issued a $195.00 price target (up previously from $175.00) on shares of Verisign in a research report on Tuesday, March 5th. BidaskClub upgraded Verisign from a “buy” rating to a “strong-buy” rating in a research report on Friday, March 22nd. Zacks Investment Research cut Verisign from a “buy” rating to a “hold” rating in a research report on Saturday, January 5th. Finally, ValuEngine upgraded Verisign from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, February 12th. Four analysts have rated the stock with a hold rating, one has assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Verisign has a consensus rating of “Buy” and a consensus target price of $175.00.
Verisign (NASDAQ:VRSN) last released its earnings results on Thursday, February 7th. The information services provider reported $1.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.21 by $0.37. The firm had revenue of $307.45 million during the quarter, compared to analysts’ expectations of $308.64 million. Verisign had a negative return on equity of 42.50% and a net margin of 47.94%. The firm’s revenue was up 4.0% on a year-over-year basis. During the same quarter last year, the business posted $0.96 earnings per share. Research analysts predict that Verisign, Inc. will post 4.75 EPS for the current year.
In other Verisign news, Director Timothy Tomlinson sold 580 shares of the firm’s stock in a transaction that occurred on Tuesday, February 19th. The stock was sold at an average price of $175.12, for a total transaction of $101,569.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 1.35% of the company’s stock.
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Verisign Company Profile
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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