Securian Asset Management Inc lifted its stake in shares of Verisign, Inc. (NASDAQ:VRSN) by 16.7% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 9,930 shares of the information services provider’s stock after acquiring an additional 1,420 shares during the period. Securian Asset Management Inc’s holdings in Verisign were worth $1,365,000 at the end of the most recent reporting period.

Several other institutional investors also recently added to or reduced their stakes in VRSN. First Trust Advisors LP grew its position in Verisign by 10.4% during the second quarter. First Trust Advisors LP now owns 1,768,067 shares of the information services provider’s stock valued at $242,968,000 after buying an additional 166,951 shares during the period. American Century Companies Inc. boosted its position in Verisign by 230.1% during the first quarter. American Century Companies Inc. now owns 1,078,110 shares of the information services provider’s stock worth $127,821,000 after purchasing an additional 751,462 shares during the period. Schwab Charles Investment Management Inc. boosted its position in Verisign by 15.9% during the second quarter. Schwab Charles Investment Management Inc. now owns 587,630 shares of the information services provider’s stock worth $80,753,000 after purchasing an additional 80,687 shares during the period. Legal & General Group Plc boosted its position in Verisign by 1.7% during the first quarter. Legal & General Group Plc now owns 497,106 shares of the information services provider’s stock worth $58,910,000 after purchasing an additional 8,406 shares during the period. Finally, Swiss National Bank boosted its position in Verisign by 1.4% during the second quarter. Swiss National Bank now owns 414,230 shares of the information services provider’s stock worth $56,923,000 after purchasing an additional 5,600 shares during the period. Institutional investors own 93.29% of the company’s stock.

VRSN has been the subject of a number of research reports. BidaskClub lowered shares of Verisign from a “strong-buy” rating to a “buy” rating in a research report on Friday, June 22nd. JPMorgan Chase & Co. raised their target price on shares of Verisign to $122.00 and gave the company an “underweight” rating in a research note on Monday, July 2nd. Cowen reaffirmed a “hold” rating and issued a $155.00 target price on shares of Verisign in a research note on Friday, July 27th. Finally, Robert W. Baird reaffirmed a “hold” rating and issued a $160.00 target price on shares of Verisign in a research note on Friday, July 27th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $138.60.

NASDAQ VRSN traded up $1.53 on Friday, reaching $163.65. 606,642 shares of the company’s stock traded hands, compared to its average volume of 668,102. Verisign, Inc. has a 12 month low of $102.84 and a 12 month high of $164.04. The company has a debt-to-equity ratio of -1.29, a current ratio of 1.33 and a quick ratio of 1.33. The stock has a market capitalization of $19.67 billion, a P/E ratio of 42.01 and a beta of 0.90.

Verisign (NASDAQ:VRSN) last announced its quarterly earnings data on Thursday, July 26th. The information services provider reported $1.18 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.14 by $0.04. The company had revenue of $302.40 million during the quarter, compared to the consensus estimate of $302.47 million. Verisign had a negative return on equity of 37.20% and a net margin of 40.38%. The firm’s revenue was up 4.8% on a year-over-year basis. During the same period in the previous year, the company posted $1.05 EPS. equities analysts expect that Verisign, Inc. will post 4.3 earnings per share for the current fiscal year.

Verisign Company Profile

VeriSign, Inc provides domain name registry services and Internet security worldwide. The company offers registry services that operate the authoritative directory of .com, .net, .cc, .tv, .gov, .jobs, .edu, .name, and other domain names. Its registry services allow individuals and organizations to establish their online identities.

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Institutional Ownership by Quarter for Verisign (NASDAQ:VRSN)

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