VeriSign, Inc. (NASDAQ:VRSN) Shares Acquired by APG Asset Management N.V.

APG Asset Management N.V. boosted its holdings in VeriSign, Inc. (NASDAQ:VRSN) by 30.7% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 328,621 shares of the information services provider’s stock after buying an additional 77,276 shares during the quarter. APG Asset Management N.V. owned 0.34% of VeriSign worth $54,517,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of VRSN. APG Asset Management US Inc. raised its position in VeriSign by 2.0% during the second quarter. APG Asset Management US Inc. now owns 28,452 shares of the information services provider’s stock valued at $4,999,000 after buying an additional 549 shares during the period. AQR Capital Management LLC increased its holdings in shares of VeriSign by 44.5% in the 2nd quarter. AQR Capital Management LLC now owns 788,687 shares of the information services provider’s stock valued at $139,771,000 after purchasing an additional 242,884 shares during the period. Squarepoint Ops LLC lifted its position in shares of VeriSign by 980.3% in the second quarter. Squarepoint Ops LLC now owns 25,820 shares of the information services provider’s stock worth $4,591,000 after purchasing an additional 23,430 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its holdings in shares of VeriSign by 58.0% during the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 17,393 shares of the information services provider’s stock worth $3,092,000 after purchasing an additional 6,386 shares during the period. Finally, Gateway Advisory LLC grew its position in VeriSign by 5.6% during the second quarter. Gateway Advisory LLC now owns 1,538 shares of the information services provider’s stock valued at $273,000 after purchasing an additional 81 shares in the last quarter. Institutional investors 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 the business’s stock in a transaction 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 completion of the sale, the executive vice president now directly owns 37,774 shares in the company, valued at $7,177,060. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.84% of the company’s stock.

VeriSign Trading Up 2.1 %

VRSN stock opened at $186.19 on Friday. The firm has a market cap of $18.54 billion, a PE ratio of 22.87 and a beta of 0.90. VeriSign, Inc. has a 1 year low of $167.04 and a 1 year high of $220.91. The company has a fifty day simple moving average of $180.84 and a 200 day simple moving average of $180.15.

VeriSign (NASDAQ:VRSN) last released its quarterly earnings results on Thursday, July 25th. The information services provider reported $2.01 earnings per share (EPS) for the quarter, topping the consensus estimate 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 during the quarter, compared to the consensus estimate of $385.80 million. During the same quarter in the prior year, the company posted $1.79 EPS. The firm’s revenue was up 4.1% on a year-over-year basis.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. Robert W. Baird reissued a “neutral” rating and set a $200.00 target price on shares of VeriSign in a research note on Thursday, June 27th. StockNews.com lowered VeriSign from a “buy” rating to a “hold” rating in a research report on Sunday, June 16th.

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.