VeriSign, Inc. (NASDAQ:VRSN) Shares Purchased by Vanguard Personalized Indexing Management LLC

Vanguard Personalized Indexing Management LLC grew its holdings in shares of VeriSign, Inc. (NASDAQ:VRSN) by 11.3% in the second quarter, HoldingsChannel reports. The fund owned 13,488 shares of the information services provider’s stock after buying an additional 1,365 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in VeriSign were worth $2,367,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently added to or reduced their stakes in the business. Blue Trust Inc. boosted its holdings in shares of VeriSign by 291.1% in the second 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 in the last quarter. UMB Bank n.a. lifted its position in VeriSign by 117.2% in the second quarter. UMB Bank n.a. now owns 202 shares of the information services provider’s stock worth $36,000 after purchasing an additional 109 shares during the period. Rothschild Investment LLC acquired a new stake in VeriSign in the second quarter worth approximately $38,000. Migdal Insurance & Financial Holdings Ltd. bought a new position in VeriSign during the 2nd quarter valued at $39,000. Finally, Versant Capital Management Inc raised its stake in shares of VeriSign by 55.7% in the 2nd quarter. Versant Capital Management Inc now owns 327 shares of the information services provider’s stock worth $58,000 after buying an additional 117 shares in the last quarter. Institutional investors and hedge funds own 92.90% of the company’s stock.

Insider Buying and Selling at VeriSign

In other news, EVP Thomas C. Indelicarto sold 3,684 shares of VeriSign stock in a transaction that occurred on Monday, July 29th. The shares were sold at an average price of $190.00, for a total value of $699,960.00. Following the transaction, the executive vice president now directly owns 37,774 shares of the company’s stock, valued at $7,177,060. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.84% of the company’s stock.

VeriSign Stock Performance

NASDAQ VRSN opened at $181.22 on Friday. VeriSign, Inc. has a 1 year low of $167.04 and a 1 year high of $220.91. The business’s fifty day moving average is $180.59 and its two-hundred day moving average is $180.41. The stock has a market capitalization of $17.69 billion, a P/E ratio of 22.26 and a beta of 0.90.

VeriSign (NASDAQ:VRSN) last announced its earnings results on Thursday, July 25th. The information services provider reported $2.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.93 by $0.08. VeriSign had a negative return on equity of 46.63% and a net margin of 55.40%. The company had revenue of $387.10 million for the quarter, compared to analyst estimates of $385.80 million. During the same period in the previous year, the firm earned $1.79 earnings per share. VeriSign’s revenue for the quarter was up 4.1% compared to the same quarter last year.

Analyst Ratings Changes

VRSN has been the subject of several research reports. StockNews.com cut VeriSign from a “buy” rating to a “hold” rating in a research note on Sunday, June 16th. Robert W. Baird reissued a “neutral” rating and issued a $200.00 price target on shares of VeriSign in a report on Thursday, June 27th.

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.