Denali Advisors LLC lessened its holdings in shares of Verisign, Inc. (NASDAQ:VRSN) by 59.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,100 shares of the information services provider’s stock after selling 36,800 shares during the quarter. Denali Advisors LLC’s holdings in Verisign were worth $4,557,000 at the end of the most recent quarter.
Other large investors have also added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in Verisign by 4.5% in the third quarter. Vanguard Group Inc. now owns 11,368,270 shares of the information services provider’s stock valued at $1,820,286,000 after acquiring an additional 485,685 shares during the last quarter. Vanguard Group Inc boosted its holdings in Verisign by 4.5% in the third quarter. Vanguard Group Inc now owns 11,368,270 shares of the information services provider’s stock valued at $1,820,286,000 after acquiring an additional 485,685 shares during the last quarter. BlackRock Inc. boosted 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 last quarter. Oregon Public Employees Retirement Fund boosted its holdings in Verisign by 41,120.7% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 3,763,452 shares of the information services provider’s stock valued at $25,000 after acquiring an additional 3,754,322 shares during the last quarter. Finally, First Trust Advisors LP boosted its holdings in Verisign by 7.6% in the fourth quarter. First Trust Advisors LP now owns 1,961,762 shares of the information services provider’s stock valued at $290,910,000 after acquiring an additional 138,858 shares during the last quarter. 94.29% of the stock is currently owned by institutional investors.
VRSN has been the topic of several recent research reports. Zacks Investment Research cut Verisign from a “buy” rating to a “hold” rating in a report on Saturday, January 5th. BidaskClub raised Verisign from a “hold” rating to a “buy” rating in a research note on Tuesday, January 29th. ValuEngine raised Verisign from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, February 12th. Finally, Citigroup reaffirmed a “neutral” rating and set a $195.00 price target (up previously from $175.00) on shares of Verisign in a research report on Tuesday, March 5th. Three equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and two have issued a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $180.80.
Verisign stock traded up $1.97 during midday trading on Friday, reaching $196.95. The stock had a trading volume of 373,949 shares, compared to its average volume of 612,432. Verisign, Inc. has a 1-year low of $119.08 and a 1-year high of $203.28. The firm has a market cap of $23.47 billion, a PE ratio of 41.46 and a beta of 1.08.
Verisign (NASDAQ:VRSN) last posted its quarterly earnings results on Thursday, April 25th. The information services provider reported $1.31 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.25 by $0.06. The firm had revenue of $306.41 million during the quarter, compared to the consensus estimate of $302.63 million. Verisign had a negative return on equity of 43.07% and a net margin of 49.98%. The business’s revenue was up 2.4% compared to the same quarter last year. During the same period last year, the company earned $1.07 earnings per share. As a group, analysts anticipate that Verisign, Inc. will post 4.96 EPS for the current fiscal year.
COPYRIGHT VIOLATION NOTICE: “Verisign, Inc. (VRSN) Position Lessened by Denali Advisors LLC” was first posted by Baseball Daily News and is owned by of Baseball Daily News. If you are reading this story on another domain, it was illegally stolen and reposted in violation of United States & international copyright & trademark legislation. The original version of this story can be read at https://www.baseballdailydigest.com/news/2019/05/04/verisign-inc-vrsn-shares-sold-by-denali-advisors-llc.html.
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.
Read More: Short Selling
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.