Russell Investments Group Ltd. increased its position in Verisign, Inc. (NASDAQ:VRSN) by 13.0% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 62,265 shares of the information services provider’s stock after buying an additional 7,166 shares during the quarter. Russell Investments Group Ltd. owned 0.05% of Verisign worth $9,959,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently added to or reduced their stakes in VRSN. CIBC Asset Management Inc boosted its holdings in shares of Verisign by 2.5% during the 2nd quarter. CIBC Asset Management Inc now owns 13,209 shares of the information services provider’s stock worth $1,815,000 after buying an additional 328 shares in the last quarter. Liberty Mutual Group Asset Management Inc. boosted its holdings in shares of Verisign by 12.1% during the 2nd quarter. Liberty Mutual Group Asset Management Inc. now owns 3,838 shares of the information services provider’s stock worth $527,000 after buying an additional 413 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Verisign by 1.1% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 39,820 shares of the information services provider’s stock worth $5,472,000 after purchasing an additional 429 shares in the last quarter. Eqis Capital Management Inc. lifted its holdings in shares of Verisign by 8.0% in the 2nd quarter. Eqis Capital Management Inc. now owns 5,827 shares of the information services provider’s stock worth $801,000 after purchasing an additional 430 shares in the last quarter. Finally, Brown Advisory Inc. lifted its holdings in shares of Verisign by 5.1% in the 2nd quarter. Brown Advisory Inc. now owns 9,723 shares of the information services provider’s stock worth $1,337,000 after purchasing an additional 473 shares in the last quarter. 92.19% of the stock is owned by institutional investors.

Shares of Verisign stock traded down $3.45 during trading hours on Friday, hitting $153.95. 825,815 shares of the company’s stock traded hands, compared to its average volume of 719,774. Verisign, Inc. has a 12-month low of $105.40 and a 12-month high of $176.76. The firm has a market cap of $19.03 billion, a PE ratio of 41.83 and a beta of 0.99.

Verisign (NASDAQ:VRSN) last posted its quarterly earnings results on Thursday, October 25th. The information services provider reported $1.23 earnings per share for the quarter, topping the consensus estimate of $1.10 by $0.13. The company had revenue of $305.78 million during the quarter, compared to the consensus estimate of $305.25 million. Verisign had a negative return on equity of 38.09% and a net margin of 41.82%. As a group, equities analysts forecast that Verisign, Inc. will post 4.37 EPS for the current fiscal year.

A number of brokerages recently issued reports on VRSN. Citigroup increased their target price on Verisign from $152.00 to $155.00 and gave the stock a “neutral” rating in a report on Friday, November 2nd. JPMorgan Chase & Co. increased their target price on Verisign from $123.00 to $125.00 and gave the stock an “average” rating in a report on Monday, September 24th. BidaskClub upgraded Verisign from a “buy” rating to a “strong-buy” rating in a report on Thursday, August 30th. Zacks Investment Research reissued a “hold” rating on shares of Verisign in a research report on Saturday, November 17th. Finally, Robert W. Baird raised Verisign from a “neutral” rating to an “outperform” rating and increased their price target for the company from $160.00 to $170.00 in a research report on Friday, November 2nd. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $154.40.

In other news, Director Kathleen A. Cote sold 2,384 shares of the stock in a transaction on Monday, November 5th. The stock was sold at an average price of $160.50, for a total transaction of $382,632.00. Following the completion of the transaction, the director now owns 37,594 shares in the company, valued at approximately $6,033,837. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.92% of the stock is currently owned by corporate insiders.

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About Verisign

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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