Assetmark Inc. reduced its position in VeriSign Inc. (NASDAQ:VRSN) by 14.8% during the third quarter, Holdings Channel reports. The firm owned 8,207 shares of the company’s stock after selling 1,422 shares during the period. Assetmark Inc.’s holdings in VeriSign were worth $642,000 at the end of the most recent reporting period.
Other institutional investors have also recently modified their holdings of the company. Global X Management Co. LLC raised its position in VeriSign by 76.1% in the second quarter. Global X Management Co. LLC now owns 1,166 shares of the company’s stock worth $101,000 after buying an additional 504 shares during the last quarter. Tower Research Capital LLC TRC raised its position in VeriSign by 22.1% in the second quarter. Tower Research Capital LLC TRC now owns 1,215 shares of the company’s stock worth $105,000 after buying an additional 220 shares during the last quarter. Mizuho Asset Management Co. Ltd. raised its position in VeriSign by 112.0% in the second quarter. Mizuho Asset Management Co. Ltd. now owns 1,327 shares of the company’s stock worth $115,000 after buying an additional 701 shares during the last quarter. Pinkerton Retirement Specialists LLC bought a new position in VeriSign during the second quarter worth $123,000. Finally, Quadrant Capital Group LLC raised its position in VeriSign by 1.0% in the second quarter. Quadrant Capital Group LLC now owns 1,656 shares of the company’s stock worth $140,000 after buying an additional 17 shares during the last quarter.
VeriSign Inc. (NASDAQ:VRSN) traded down 1.336% during midday trading on Monday, reaching $80.135. The company had a trading volume of 157,623 shares. VeriSign Inc. has a 1-year low of $70.26 and a 1-year high of $93.94. The firm’s 50 day moving average is $79.48 and its 200 day moving average is $81.15. The stock has a market capitalization of $8.38 billion, a PE ratio of 24.007 and a beta of 1.23.
VeriSign (NASDAQ:VRSN) last released its quarterly earnings data on Thursday, October 27th. The company reported $0.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.87 by $0.06. VeriSign had a net margin of 38.69% and a negative return on equity of 37.72%. The company earned $287.60 million during the quarter, compared to the consensus estimate of $287.08 million. During the same quarter in the prior year, the firm posted $0.78 earnings per share. VeriSign’s revenue for the quarter was up 8.2% on a year-over-year basis. On average, equities analysts anticipate that VeriSign Inc. will post $3.55 EPS for the current fiscal year.
A number of research firms have recently commented on VRSN. Zacks Investment Research cut VeriSign from a “buy” rating to a “hold” rating in a research report on Wednesday, September 28th. Citigroup Inc. restated a “sell” rating and set a $70.00 target price on shares of VeriSign in a research report on Friday, September 23rd. Finally, Cowen and Company restated a “market perform” rating and set a $80.00 target price on shares of VeriSign in a research report on Tuesday, September 6th.
VeriSign, Inc is a provider of domain name registry services and Internet security, enabling Internet navigation for domain names and providing protection for Websites and enterprises around the world (Registry Services). The Company operates in Registry Services and Security Services segment. Its product suite also includes Security Services consisting of Distributed Denial of Service (DDoS) Protection Services, Verisign iDefense Security Intelligence Services (iDefense) and Managed Domain Name System (Managed DNS) Services.