MBB Public Markets I LLC Buys New Holdings in VeriSign, Inc. (NASDAQ:VRSN)

MBB Public Markets I LLC purchased a new position in VeriSign, Inc. (NASDAQ:VRSN) during the second quarter, Holdings Channel reports. The fund purchased 6,720 shares of the information services provider’s stock, valued at approximately $1,195,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of VRSN. Morningstar Investment Management LLC purchased a new stake in shares of VeriSign during the fourth quarter worth about $204,000. Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in VeriSign by 21.8% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 107,224 shares of the information services provider’s stock worth $20,320,000 after buying an additional 19,215 shares during the period. Sei Investments Co. grew its position in shares of VeriSign by 133.6% in the 1st quarter. Sei Investments Co. now owns 37,213 shares of the information services provider’s stock worth $7,052,000 after buying an additional 21,285 shares during the last quarter. SG Americas Securities LLC increased its stake in shares of VeriSign by 21.5% during the first quarter. SG Americas Securities LLC now owns 53,602 shares of the information services provider’s stock valued at $10,158,000 after buying an additional 9,487 shares during the period. Finally, Oppenheimer Asset Management Inc. bought a new position in shares of VeriSign during the first quarter valued at approximately $1,494,000. Institutional investors own 92.90% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on VRSN. Robert W. Baird reiterated a “neutral” rating and issued a $200.00 price target on shares of VeriSign in a report on Thursday, June 27th. StockNews.com lowered shares of VeriSign from a “buy” rating to a “hold” rating in a research note on Sunday, June 16th.

Insider Buying and Selling

In other VeriSign news, EVP Thomas C. Indelicarto sold 3,684 shares of the firm’s stock in a transaction that occurred on Monday, July 29th. The shares were sold at an average price of $190.00, for a total transaction of $699,960.00. Following the completion of the transaction, the executive vice president now owns 37,774 shares of the company’s stock, valued at $7,177,060. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, EVP Thomas C. Indelicarto sold 3,684 shares of the stock in a transaction on Monday, July 29th. The stock was sold at an average price of $190.00, for a total value of $699,960.00. Following the sale, 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 available at this hyperlink. Also, 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 transaction, the executive vice president now owns 34,821 shares of the company’s stock, valued at $6,615,990. The disclosure for this sale can be found here. 0.84% of the stock is currently owned by insiders.

VeriSign Stock Down 0.4 %

VRSN opened at $189.96 on Tuesday. VeriSign, Inc. has a 52 week low of $167.04 and a 52 week high of $220.91. The stock has a market cap of $18.54 billion, a PE ratio of 23.34 and a beta of 0.90. The business has a 50 day moving average of $181.54 and a 200-day moving average of $180.01.

VeriSign (NASDAQ:VRSN) last announced its quarterly earnings data on Thursday, July 25th. The information services provider reported $2.01 EPS for the quarter, beating the consensus estimate of $1.93 by $0.08. The business had revenue of $387.10 million during the quarter, compared to analyst estimates of $385.80 million. VeriSign had a negative return on equity of 46.63% and a net margin of 55.40%. The company’s revenue for the quarter was up 4.1% on a year-over-year basis. During the same quarter last year, the firm posted $1.79 earnings per share.

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.