Vontobel Holding Ltd. Purchases 4,020 Shares of VeriSign, Inc. (NASDAQ:VRSN)

Vontobel Holding Ltd. lifted its holdings in VeriSign, Inc. (NASDAQ:VRSN) by 4.1% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 102,306 shares of the information services provider’s stock after buying an additional 4,020 shares during the period. Vontobel Holding Ltd.’s holdings in VeriSign were worth $19,434,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the business. Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in VeriSign by 21.8% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 107,224 shares of the information services provider’s stock worth $20,320,000 after purchasing an additional 19,215 shares during the last quarter. Sei Investments Co. raised its stake in shares of VeriSign by 133.6% during the 1st quarter. Sei Investments Co. now owns 37,213 shares of the information services provider’s stock worth $7,052,000 after purchasing an additional 21,285 shares during the period. SG Americas Securities LLC boosted its holdings in shares of VeriSign by 21.5% in the 1st quarter. SG Americas Securities LLC now owns 53,602 shares of the information services provider’s stock worth $10,158,000 after buying an additional 9,487 shares during the last quarter. Oppenheimer Asset Management Inc. bought a new position in VeriSign during the first quarter valued at about $1,494,000. Finally, Janus Henderson Group PLC increased its holdings in VeriSign by 99.1% during the first quarter. Janus Henderson Group PLC now owns 24,199 shares of the information services provider’s stock worth $4,585,000 after buying an additional 12,042 shares during the last quarter. 92.90% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Separately, 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 2,456 shares of the stock in a transaction on Friday, September 27th. The stock was sold at an average price of $190.00, for a total transaction of $466,640.00. Following the sale, the executive vice president now owns 34,821 shares in the company, valued at $6,615,990. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other news, EVP Thomas C. Indelicarto sold 2,456 shares of the stock in a transaction dated Friday, September 27th. The shares were sold at an average price of $190.00, for a total value of $466,640.00. Following the sale, the executive vice president now directly owns 34,821 shares of the company’s stock, valued at approximately $6,615,990. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Thomas C. Indelicarto sold 1,228 shares of the firm’s stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $190.00, for a total transaction of $233,320.00. Following the completion of the transaction, the executive vice president now owns 33,593 shares of the company’s stock, valued at $6,382,670. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 7,368 shares of company stock worth $1,399,920. Corporate insiders own 0.84% of the company’s stock.

VeriSign Price Performance

Shares of NASDAQ VRSN opened at $187.06 on Thursday. The stock has a market capitalization of $18.63 billion, a PE ratio of 22.98 and a beta of 0.90. VeriSign, Inc. has a one year low of $167.04 and a one year high of $220.91. The business’s fifty day moving average price is $182.79 and its 200-day moving average price is $179.85.

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

VeriSign 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.