Nomura Asset Management Co. Ltd. Grows Position in VeriSign, Inc. (NASDAQ:VRSN)

Nomura Asset Management Co. Ltd. raised its position in VeriSign, Inc. (NASDAQ:VRSN) by 1.4% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 45,048 shares of the information services provider’s stock after acquiring an additional 632 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in VeriSign were worth $8,557,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in VRSN. Wealth Enhancement Advisory Services LLC grew its stake in shares of VeriSign by 62.6% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 2,816 shares of the information services provider’s stock worth $501,000 after purchasing an additional 1,084 shares in the last quarter. Swedbank AB boosted its position in shares of VeriSign by 1.4% during the 2nd quarter. Swedbank AB now owns 48,175 shares of the information services provider’s stock worth $8,566,000 after acquiring an additional 660 shares in the last quarter. Blue Trust Inc. increased its holdings in shares of VeriSign by 291.1% in the 2nd quarter. Blue Trust Inc. now owns 176 shares of the information services provider’s stock valued at $33,000 after acquiring an additional 131 shares during the last quarter. Gladius Capital Management LP raised its position in shares of VeriSign by 7.9% during the 2nd quarter. Gladius Capital Management LP now owns 5,953 shares of the information services provider’s stock worth $1,058,000 after acquiring an additional 435 shares in the last quarter. Finally, Raymond James & Associates lifted its stake in VeriSign by 15.3% during the second quarter. Raymond James & Associates now owns 28,569 shares of the information services provider’s stock worth $5,080,000 after purchasing an additional 3,790 shares during the last quarter. Institutional investors and hedge funds own 92.90% of the company’s stock.

VeriSign Trading Down 0.5 %

VRSN stock opened at $199.10 on Friday. The business has a 50 day simple moving average of $185.58 and a 200-day simple moving average of $181.82. The company has a market capitalization of $19.13 billion, a P/E ratio of 23.15 and a beta of 0.92. VeriSign, Inc. has a twelve month low of $167.04 and a twelve month high of $220.91.

VeriSign (NASDAQ:VRSN) last posted its quarterly earnings data on Thursday, October 24th. The information services provider reported $2.07 EPS for the quarter, beating analysts’ consensus estimates of $2.01 by $0.06. VeriSign had a net margin of 55.74% and a negative return on equity of 45.59%. The company had revenue of $390.60 million for the quarter, compared to analyst estimates of $390.19 million. During the same period in the previous year, the business posted $1.83 earnings per share. VeriSign’s quarterly revenue was up 3.8% on a year-over-year basis.

Insider Buying and Selling at VeriSign

In other news, EVP Thomas C. Indelicarto sold 2,456 shares of the firm’s stock in a transaction on Friday, September 27th. The shares were sold at an average price of $190.00, for a total value of $466,640.00. Following the completion of the sale, the executive vice president now owns 34,821 shares in the company, valued at approximately $6,615,990. This trade represents a 6.59 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Danny R. Mcpherson sold 2,092 shares of the business’s stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $192.43, for a total transaction of $402,563.56. Following the transaction, the executive vice president now owns 26,157 shares in the company, valued at approximately $5,033,391.51. This trade represents a 7.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 5,776 shares of company stock valued at $1,102,524 in the last ninety days. Insiders own 0.84% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on VRSN shares. Robert W. Baird upgraded shares of VeriSign from a “neutral” rating to an “outperform” rating and increased their price target for the company from $200.00 to $250.00 in a research note on Monday. StockNews.com upgraded shares of VeriSign from a “hold” rating to a “buy” rating in a research note on Tuesday. Finally, Baird R W upgraded shares of VeriSign from a “hold” rating to a “strong-buy” rating in a research note on Monday.

VeriSign Company Profile

VeriSign, Inc, together with its subsidiaries, provides domain name registry services and internet infrastructure that enables internet navigation for various recognized domain names worldwide. The company enables the security, stability, and resiliency of internet infrastructure and services, including providing root zone maintainer services, operating two of thirteen internet root servers; and offering registration services and authoritative resolution for the .com and .net domains, which supports global e-commerce.