Verisign, Inc. (NASDAQ:VRSN) Shares Bought by Geode Capital Management LLC

Geode Capital Management LLC raised its position in Verisign, Inc. (NASDAQ:VRSN) by 7.1% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 1,516,001 shares of the information services provider’s stock after acquiring an additional 100,450 shares during the period. Geode Capital Management LLC owned about 1.27% of Verisign worth $224,448,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Oregon Public Employees Retirement Fund grew its holdings in Verisign by 41,120.7% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 3,763,452 shares of the information services provider’s stock valued at $25,000 after buying an additional 3,754,322 shares in the last quarter. Vanguard Group Inc increased its stake in shares of Verisign by 4.5% in the third quarter. Vanguard Group Inc now owns 11,368,270 shares of the information services provider’s stock valued at $1,820,286,000 after buying an additional 485,685 shares during the period. Cantillon Capital Management LLC increased its stake in shares of Verisign by 41.3% in the fourth quarter. Cantillon Capital Management LLC now owns 1,562,701 shares of the information services provider’s stock valued at $231,733,000 after buying an additional 456,587 shares during the period. Ackerman Capital Advisors LLC increased its stake in shares of Verisign by 14,729.0% in the fourth quarter. Ackerman Capital Advisors LLC now owns 222,435 shares of the information services provider’s stock valued at $1,500,000 after buying an additional 220,935 shares during the period. Finally, BlackRock Inc. increased its stake in shares of Verisign by 2.5% in the fourth quarter. BlackRock Inc. now owns 8,848,684 shares of the information services provider’s stock valued at $1,312,172,000 after buying an additional 215,361 shares during the period. Hedge funds and other institutional investors own 91.65% of the company’s stock.

In other Verisign news, Director Timothy Tomlinson sold 378 shares of Verisign stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $199.55, for a total transaction of $75,429.90. Following the completion of the sale, the director now owns 34,094 shares of the company’s stock, valued at $6,803,457.70. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 1.20% of the stock is owned by insiders.

Verisign stock traded down $0.17 during mid-day trading on Friday, reaching $205.20. The stock had a trading volume of 537,132 shares, compared to its average volume of 591,743. Verisign, Inc. has a fifty-two week low of $131.28 and a fifty-two week high of $210.06. The stock has a market capitalization of $24.61 billion, a PE ratio of 43.20 and a beta of 1.04.

Verisign (NASDAQ:VRSN) last posted its earnings results on Thursday, April 25th. The information services provider reported $1.31 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.25 by $0.06. The company had revenue of $306.41 million for the quarter, compared to analyst estimates of $302.63 million. Verisign had a negative return on equity of 43.07% and a net margin of 49.98%. The company’s revenue for the quarter was up 2.4% on a year-over-year basis. During the same quarter last year, the company earned $1.07 earnings per share. As a group, analysts expect that Verisign, Inc. will post 4.96 earnings per share for the current fiscal year.

Several equities research analysts have recently weighed in on the company. Zacks Investment Research raised Verisign from a “hold” rating to a “buy” rating and set a $224.00 price target for the company in a research note on Tuesday, April 30th. Citigroup reissued a “neutral” rating and issued a $195.00 price target (up previously from $175.00) on shares of Verisign in a research note on Tuesday, March 5th. Finally, BidaskClub raised Verisign from a “buy” rating to a “strong-buy” rating in a research note on Friday, March 22nd. Three analysts have rated the stock with a hold rating, two have issued a buy rating and two have issued a strong buy rating to the company. Verisign currently has a consensus rating of “Buy” and a consensus target price of $180.80.

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Verisign Profile

VeriSign, Inc provides domain name registry services and Internet infrastructure in the United States and internationally. The company offers registry services that operate the authoritative directory of and/or the back-end systems for .com, .net, .cc, .tv, .gov, .jobs, .edu, .name, and other domain names.

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Institutional Ownership by Quarter for Verisign (NASDAQ:VRSN)

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