VeriSign, Inc. (NASDAQ:VRSN) Shares Sold by Massmutual Trust Co. FSB ADV

Massmutual Trust Co. FSB ADV reduced its holdings in VeriSign, Inc. (NASDAQ:VRSN) by 39.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 711 shares of the information services provider’s stock after selling 472 shares during the period. Massmutual Trust Co. FSB ADV’s holdings in VeriSign were worth $126,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of VRSN. Raymond James & Associates grew its holdings in VeriSign by 8.2% in the fourth quarter. Raymond James & Associates now owns 25,062 shares of the information services provider’s stock valued at $5,162,000 after purchasing an additional 1,902 shares during the period. DekaBank Deutsche Girozentrale lifted its position in VeriSign by 9.6% during the fourth quarter. DekaBank Deutsche Girozentrale now owns 64,675 shares of the information services provider’s stock worth $13,279,000 after buying an additional 5,668 shares in the last quarter. Sequoia Financial Advisors LLC lifted its position in VeriSign by 47.9% during the fourth quarter. Sequoia Financial Advisors LLC now owns 2,169 shares of the information services provider’s stock worth $447,000 after buying an additional 702 shares in the last quarter. Cerity Partners LLC purchased a new position in VeriSign during the fourth quarter worth approximately $564,000. Finally, Helios Capital Management PTE. Ltd. purchased a new position in VeriSign during the fourth quarter worth approximately $587,000. 92.90% of the stock is owned by institutional investors and hedge funds.

VeriSign Stock Down 0.8 %

VRSN traded down $1.46 on Tuesday, hitting $177.16. 720,381 shares of the company traded hands, compared to its average volume of 682,586. The company has a 50 day moving average of $178.52 and a 200-day moving average of $184.39. The stock has a market capitalization of $17.29 billion, a PE ratio of 22.02 and a beta of 0.90. VeriSign, Inc. has a 12-month low of $167.04 and a 12-month high of $220.91.

VeriSign (NASDAQ:VRSN) last released its quarterly earnings results on Thursday, July 25th. The information services provider reported $2.01 earnings per share for the quarter, topping analysts’ consensus estimates of $1.93 by $0.08. The business had revenue of $387.10 million for the quarter, compared to analysts’ expectations of $385.80 million. VeriSign had a negative return on equity of 46.63% and a net margin of 55.40%. The company’s revenue was up 4.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.79 EPS.

Insider Activity at VeriSign

In related news, Director Yehuda Ari Buchalter sold 866 shares of the business’s stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of $170.01, for a total value of $147,228.66. Following the transaction, the director now owns 3,661 shares in the company, valued at $622,406.61. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, insider Timothy Tomlinson 1,408 shares of the stock in a transaction on Monday, July 29th. The was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Yehuda Ari Buchalter sold 866 shares of the company’s stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of $170.01, for a total value of $147,228.66. Following the completion of the sale, the director now owns 3,661 shares of the company’s stock, valued at $622,406.61. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 5,750 shares of company stock worth $1,051,357. 0.84% of the stock is owned by insiders.

Wall Street Analyst Weigh In

VRSN has been the topic of a number of analyst reports. StockNews.com downgraded VeriSign from a “buy” rating to a “hold” rating in a research report on Sunday, June 16th. Robert W. Baird reiterated a “neutral” rating and issued a $200.00 price objective on shares of VeriSign in a report on Thursday, June 27th.

VeriSign Company Profile

VeriSign, Inc, together with its subsidiaries, provides domain name registry services and internet infrastructure that enables internet navigation for various recognized domain names worldwide. The company enables the security, stability, and resiliency of internet infrastructure and services, including providing root zone maintainer services, operating two of thirteen internet root servers; and offering registration services and authoritative resolution for the .com and .net domains, which supports global e-commerce.