Commerzbank Aktiengesellschaft FI Has $8.02 Million Holdings in Verisign, Inc. (NASDAQ:VRSN)

Commerzbank Aktiengesellschaft FI increased its stake in Verisign, Inc. (NASDAQ:VRSN) by 25.7% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 42,512 shares of the information services provider’s stock after purchasing an additional 8,701 shares during the period. Commerzbank Aktiengesellschaft FI’s holdings in Verisign were worth $8,019,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in VRSN. Liberty Wealth Management LLC acquired a new position in shares of Verisign during the 2nd quarter worth about $25,000. HM Payson & Co. acquired a new position in shares of Verisign during the 2nd quarter worth about $25,000. AGF Investments LLC boosted its stake in shares of Verisign by 102.9% during the 2nd quarter. AGF Investments LLC now owns 138 shares of the information services provider’s stock worth $29,000 after buying an additional 70 shares during the last quarter. Capital Investment Advisory Services LLC acquired a new position in shares of Verisign during the 2nd quarter worth about $29,000. Finally, Advisory Services Network LLC boosted its stake in shares of Verisign by 98.9% during the 2nd quarter. Advisory Services Network LLC now owns 181 shares of the information services provider’s stock worth $38,000 after buying an additional 90 shares during the last quarter. 91.58% of the stock is owned by hedge funds and other institutional investors.

Verisign stock opened at $185.51 on Friday. The firm has a 50-day moving average of $191.52 and a 200-day moving average of $199.63. Verisign, Inc. has a one year low of $131.28 and a one year high of $221.78. The company has a market cap of $22.08 billion, a price-to-earnings ratio of 39.05 and a beta of 1.05.

Verisign (NASDAQ:VRSN) last issued its earnings results on Thursday, July 25th. The information services provider reported $1.24 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.18 by $0.06. The company had revenue of $306.29 million for the quarter, compared to analysts’ expectations of $306.57 million. Verisign had a net margin of 51.38% and a negative return on equity of 43.63%. Verisign’s quarterly revenue was up 1.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.18 EPS. Analysts expect that Verisign, Inc. will post 4.98 earnings per share for the current year.

A number of equities analysts have recently commented on the stock. BidaskClub downgraded shares of Verisign from a “buy” rating to a “hold” rating in a research note on Friday. 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 note on Friday, July 26th. Finally, ValuEngine downgraded shares of Verisign from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $204.75.

In other news, Director Timothy Tomlinson sold 575 shares of the company’s stock in a transaction dated Tuesday, July 30th. The shares were sold at an average price of $213.50, for a total value of $122,762.50. Following the sale, the director now directly owns 34,251 shares of the company’s stock, valued at approximately $7,312,588.50. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 1.20% of the stock is currently owned by corporate insiders.

Verisign Company Profile

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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