Xact Kapitalforvaltning AB Has $4.93 Million Position in Verisign, Inc. (VRSN)

Xact Kapitalforvaltning AB boosted its stake in Verisign, Inc. (NASDAQ:VRSN) by 5.5% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 30,804 shares of the information services provider’s stock after purchasing an additional 1,596 shares during the quarter. Xact Kapitalforvaltning AB’s holdings in Verisign were worth $4,932,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the business. CIBC Asset Management Inc lifted its stake in Verisign by 2.5% in the 2nd quarter. CIBC Asset Management Inc now owns 13,209 shares of the information services provider’s stock worth $1,815,000 after purchasing an additional 328 shares in the last quarter. Liberty Mutual Group Asset Management Inc. lifted its stake in Verisign by 12.1% in 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 purchasing an additional 413 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in 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 stake in 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, Willow Creek Wealth Management Inc. lifted its stake in Verisign by 6.3% in the 2nd quarter. Willow Creek Wealth Management Inc. now owns 7,720 shares of the information services provider’s stock worth $1,061,000 after purchasing an additional 455 shares in the last quarter. Institutional investors and hedge funds own 92.80% of the company’s stock.

Verisign stock opened at $138.67 on Monday. Verisign, Inc. has a twelve month low of $105.40 and a twelve month high of $164.19. The stock has a market capitalization of $16.91 billion, a PE ratio of 37.68 and a beta of 0.89.



Verisign (NASDAQ:VRSN) last posted its earnings results on Thursday, October 25th. The information services provider reported $1.23 earnings per share for the quarter, topping analysts’ consensus estimates of $1.10 by $0.13. Verisign had a net margin of 41.82% and a negative return on equity of 38.89%. The firm had revenue of $305.78 million for the quarter, compared to the consensus estimate of $305.25 million. On average, research analysts anticipate that Verisign, Inc. will post 4.31 earnings per share for the current year.

Several analysts have commented on the stock. BidaskClub cut shares of Verisign from a “buy” rating to a “hold” rating in a research note on Wednesday, October 17th. JPMorgan Chase & Co. boosted their price target on shares of Verisign from $123.00 to $125.00 and gave the stock an “average” rating in a research note on Monday, September 24th. Robert W. Baird reiterated a “hold” rating and issued a $160.00 price target on shares of Verisign in a research note on Friday, July 27th. Finally, Cowen reiterated a “hold” rating and issued a $155.00 price target on shares of Verisign in a research note on Friday, July 27th. Six equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $139.00.

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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