Robeco Institutional Asset Management B.V. Acquires 16,120 Shares of Verisign, Inc. (NASDAQ:VRSN)

Robeco Institutional Asset Management B.V. increased its holdings in Verisign, Inc. (NASDAQ:VRSN) by 4.8% during the 2nd quarter, HoldingsChannel reports. The firm owned 351,427 shares of the information services provider’s stock after buying an additional 16,120 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in Verisign were worth $73,507,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Cornerstone Advisors Inc. increased its position in Verisign by 208.2% during the first quarter. Cornerstone Advisors Inc. now owns 151 shares of the information services provider’s stock valued at $27,000 after acquiring an additional 102 shares during the last quarter. D Orazio & Associates Inc. increased its position in Verisign by 82.4% during the first quarter. D Orazio & Associates Inc. now owns 155 shares of the information services provider’s stock valued at $28,000 after acquiring an additional 70 shares during the last quarter. Berman Capital Advisors LLC increased its position in Verisign by 68.0% during the first quarter. Berman Capital Advisors LLC now owns 247 shares of the information services provider’s stock valued at $44,000 after acquiring an additional 100 shares during the last quarter. Rational Advisors LLC increased its position in Verisign by 233.9% during the first quarter. Rational Advisors LLC now owns 414 shares of the information services provider’s stock valued at $75,000 after acquiring an additional 290 shares during the last quarter. Finally, Meeder Asset Management Inc. bought a new position in Verisign during the first quarter valued at $95,000. Institutional investors own 91.55% of the company’s stock.

Shares of NASDAQ VRSN traded up $3.55 during mid-day trading on Thursday, reaching $214.64. The company had a trading volume of 16,139 shares, compared to its average volume of 640,136. The stock’s 50-day moving average price is $212.97. The firm has a market cap of $25.33 billion, a PE ratio of 44.94 and a beta of 1.03. Verisign, Inc. has a 52 week low of $131.28 and a 52 week high of $221.78.

Verisign (NASDAQ:VRSN) last posted its quarterly earnings results on Thursday, July 25th. The information services provider reported $1.24 EPS for the quarter, topping the Zacks’ consensus estimate of $1.18 by $0.06. The firm had revenue of $306.29 million for the quarter, compared to analysts’ expectations of $306.57 million. Verisign had a net margin of 51.38% and a negative return on equity of 43.63%. The business’s revenue for the quarter was up 1.3% on a year-over-year basis. During the same period in the prior year, the business posted $1.18 earnings per share. Equities research analysts expect that Verisign, Inc. will post 4.98 EPS for the current year.

VRSN has been the topic of a number of analyst reports. Robert W. Baird boosted their price objective on shares of Verisign from $210.00 to $240.00 and gave the company an “outperform” rating in a research report on Friday, July 26th. Zacks Investment Research upgraded shares of Verisign from a “hold” rating to a “buy” rating and set a $224.00 price objective on the stock in a research report on Tuesday, April 30th. Two analysts have rated the stock with a hold rating, two have issued a buy rating and two have assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $204.75.

In other news, Director Timothy Tomlinson sold 575 shares of the company’s stock in a transaction dated Tuesday, July 30th. The shares were sold at an average price of $213.50, for a total value of $122,762.50. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 1.20% of the company’s stock.

Verisign 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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Institutional Ownership by Quarter for Verisign (NASDAQ:VRSN)

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