VeriSign, Inc. (NASDAQ:VRSN) Shares Bought by Scientech Research LLC

Scientech Research LLC boosted its position in shares of VeriSign, Inc. (NASDAQ:VRSN) by 167.8% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 14,148 shares of the information services provider’s stock after buying an additional 8,865 shares during the period. VeriSign accounts for approximately 0.5% of Scientech Research LLC’s portfolio, making the stock its 16th biggest holding. Scientech Research LLC’s holdings in VeriSign were worth $2,516,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the company. ProShare Advisors LLC increased its position in VeriSign by 0.3% during the first quarter. ProShare Advisors LLC now owns 21,513 shares of the information services provider’s stock worth $4,077,000 after buying an additional 62 shares during the period. Larson Financial Group LLC grew its stake in shares of VeriSign by 4.0% in the 2nd quarter. Larson Financial Group LLC now owns 1,852 shares of the information services provider’s stock valued at $329,000 after purchasing an additional 71 shares during the last quarter. V Square Quantitative Management LLC grew its stake in shares of VeriSign by 7.2% in the 4th quarter. V Square Quantitative Management LLC now owns 1,098 shares of the information services provider’s stock valued at $226,000 after purchasing an additional 74 shares during the last quarter. Gateway Advisory LLC grew its stake in shares of VeriSign by 5.6% in the 2nd 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 during the last quarter. Finally, Profund Advisors LLC grew its stake in shares of VeriSign by 4.8% in the 2nd quarter. Profund Advisors LLC now owns 1,794 shares of the information services provider’s stock valued at $319,000 after purchasing an additional 82 shares during the last quarter. Institutional investors and hedge funds own 92.90% of the company’s stock.

VeriSign Price Performance

VeriSign stock opened at $186.19 on Friday. VeriSign, Inc. has a 1-year low of $167.04 and a 1-year high of $220.91. The company has a market cap of $18.54 billion, a PE ratio of 22.87 and a beta of 0.90. The stock’s 50 day moving average price is $181.02 and its 200 day moving average price is $180.19.

VeriSign (NASDAQ:VRSN) last posted its quarterly earnings results on Thursday, July 25th. The information services provider reported $2.01 earnings per share for the quarter, beating 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 firm had revenue of $387.10 million for the quarter, compared to the consensus estimate of $385.80 million. During the same period in the previous year, the business earned $1.79 earnings per share. The company’s revenue for the quarter was up 4.1% compared to the same quarter last year.

Wall Street Analyst Weigh In

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

Insider Activity at VeriSign

In other VeriSign news, EVP Thomas C. Indelicarto sold 3,684 shares of the business’s stock in a transaction on Monday, July 29th. The stock was sold at an average price of $190.00, for a total transaction of $699,960.00. Following the sale, the executive vice president now directly owns 37,774 shares in the company, valued at $7,177,060. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 0.84% of the company’s stock.

About VeriSign

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.