Envestnet Asset Management Inc. Has $2.13 Million Holdings in Verisign, Inc. (VRSN)

Envestnet Asset Management Inc. boosted its stake in Verisign, Inc. (NASDAQ:VRSN) by 580.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 20,083 shares of the information services provider’s stock after buying an additional 17,132 shares during the period. Envestnet Asset Management Inc.’s holdings in Verisign were worth $2,134,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. DekaBank Deutsche Girozentrale increased its holdings in shares of Verisign by 18.9% during the third quarter. DekaBank Deutsche Girozentrale now owns 49,940 shares of the information services provider’s stock valued at $5,001,000 after purchasing an additional 7,948 shares during the period. Forsta AP Fonden acquired a new position in shares of Verisign during the third quarter valued at $2,926,000. Pitcairn Co. acquired a new position in shares of Verisign during the third quarter valued at $585,000. Koch Industries Inc. increased its holdings in shares of Verisign by 10,263.6% during the second quarter. Koch Industries Inc. now owns 875,519 shares of the information services provider’s stock valued at $866,000 after purchasing an additional 867,071 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Verisign by 18.1% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 49,065 shares of the information services provider’s stock valued at $5,220,000 after purchasing an additional 7,522 shares during the period.

Verisign, Inc. (NASDAQ:VRSN) opened at $115.03 on Friday. The stock has a market capitalization of $11,250.00, a PE ratio of 31.78 and a beta of 1.03. Verisign, Inc. has a fifty-two week low of $75.71 and a fifty-two week high of $118.28. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of -1.45.

Verisign (NASDAQ:VRSN) last released its earnings results on Thursday, October 26th. The information services provider reported $1.00 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.97 by $0.03. The firm had revenue of $292.40 million for the quarter, compared to analyst estimates of $290.90 million. Verisign had a negative return on equity of 36.88% and a net margin of 39.79%. Verisign’s revenue was up 1.7% compared to the same quarter last year. During the same period in the previous year, the company earned $0.93 earnings per share. analysts anticipate that Verisign, Inc. will post 3.65 EPS for the current year.

A number of brokerages have recently commented on VRSN. Robert W. Baird set a $105.00 price target on Verisign and gave the company a “hold” rating in a report on Friday, October 6th. Cowen reissued a “hold” rating and set a $103.00 price target on shares of Verisign in a report on Sunday, October 29th. BidaskClub raised Verisign from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 26th. Zacks Investment Research lowered Verisign from a “hold” rating to a “sell” rating in a report on Wednesday, November 1st. Finally, Citigroup lifted their target price on Verisign from $101.00 to $111.00 and gave the stock a “neutral” rating in a report on Friday, October 27th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $106.33.

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Verisign Company Profile

VeriSign, Inc is a provider of domain name registry services and Internet security. The Company operates through Registry Services and Security Services segment. Registry Services ensure the security, stability and resiliency of Internet infrastructure and services, including the .com and .net domains, and operation of the root-zone maintainer functions for the core of the Internet’s Domain Name System (DNS).

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Institutional Ownership by Quarter for Verisign (NASDAQ:VRSN)

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