Janus Henderson Group PLC Cuts Stock Holdings in Verisign, Inc. (NASDAQ:VRSN)

Janus Henderson Group PLC lowered its stake in shares of Verisign, Inc. (NASDAQ:VRSN) by 16.7% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,037,380 shares of the information services provider’s stock after selling 207,764 shares during the period. Janus Henderson Group PLC’s holdings in Verisign were worth $216,978,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Liberty Wealth Management LLC acquired a new stake in shares of Verisign in the second quarter worth $25,000. Cornerstone Advisors Inc. increased its position in shares of Verisign by 208.2% in the first quarter. Cornerstone Advisors Inc. now owns 151 shares of the information services provider’s stock worth $27,000 after acquiring an additional 102 shares in the last quarter. D Orazio & Associates Inc. increased its position in shares of Verisign by 82.4% in the first quarter. D Orazio & Associates Inc. now owns 155 shares of the information services provider’s stock worth $28,000 after acquiring an additional 70 shares in the last quarter. AGF Investments LLC increased its position in shares of Verisign by 102.9% in the second quarter. AGF Investments LLC now owns 138 shares of the information services provider’s stock worth $29,000 after acquiring an additional 70 shares in the last quarter. Finally, Berman Capital Advisors LLC increased its position in shares of Verisign by 68.0% in the first quarter. Berman Capital Advisors LLC now owns 247 shares of the information services provider’s stock worth $44,000 after acquiring an additional 100 shares in the last quarter. 91.96% of the stock is currently owned by institutional investors.

VRSN has been the subject of several recent research reports. ValuEngine lowered shares of Verisign from a “strong-buy” rating to a “buy” rating in a research report on Thursday, August 1st. Zacks Investment Research raised shares of Verisign from a “hold” rating to a “buy” rating and set a $224.00 price objective for the company in a research report on Tuesday, April 30th. Finally, Robert W. Baird increased their price objective on shares of Verisign from $210.00 to $240.00 and gave the stock an “outperform” rating in a research report on Friday, July 26th. Two equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $204.75.

In related news, Director Timothy Tomlinson sold 575 shares of the firm’s stock in a transaction on Tuesday, July 30th. The shares were sold at an average price of $213.50, for a total transaction of $122,762.50. Following the completion of the sale, the director now directly owns 34,251 shares of the company’s stock, valued at approximately $7,312,588.50. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 1.20% of the stock is currently owned by company insiders.

VRSN traded down $3.90 during trading hours on Wednesday, reaching $205.06. 1,464 shares of the stock traded hands, compared to its average volume of 604,849. The business’s fifty day moving average price is $213.04. The firm has a market cap of $24.74 billion, a P/E ratio of 43.30 and a beta of 1.06. Verisign, Inc. has a fifty-two week low of $131.28 and a fifty-two week high of $221.78.

Verisign (NASDAQ:VRSN) last released its quarterly earnings results on Thursday, July 25th. The information services provider reported $1.24 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.18 by $0.06. The business had revenue of $306.29 million during the quarter, compared to analyst estimates of $306.57 million. Verisign had a net margin of 51.38% and a negative return on equity of 43.63%. The business’s revenue was up 1.3% on a year-over-year basis. During the same period last year, the business earned $1.18 EPS. On average, research analysts predict that Verisign, Inc. will post 4.98 EPS for the current fiscal year.

About Verisign

VeriSign, Inc provides domain name registry services and Internet infrastructure in the United States and internationally. The company offers registry services that operate the authoritative directory of and/or the back-end systems for .com, .net, .cc, .tv, .gov, .jobs, .edu, .name, and other domain names.

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Institutional Ownership by Quarter for Verisign (NASDAQ:VRSN)

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