1,260 Shares in Verisign, Inc. (VRSN) Acquired by Dowling & Yahnke LLC

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Dowling & Yahnke LLC purchased a new stake in shares of Verisign, Inc. (NASDAQ:VRSN) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 1,260 shares of the information services provider’s stock, valued at approximately $202,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. CIBC Asset Management Inc increased its holdings 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 acquiring an additional 328 shares in the last quarter. Liberty Mutual Group Asset Management Inc. increased its holdings 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 acquiring an additional 413 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings 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 acquiring an additional 429 shares in the last quarter. Eqis Capital Management Inc. increased its holdings 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 acquiring an additional 430 shares in the last quarter. Finally, Willow Creek Wealth Management Inc. increased its holdings 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 acquiring an additional 455 shares in the last quarter. 92.74% of the stock is owned by hedge funds and other institutional investors.

VRSN stock opened at $142.54 on Thursday. Verisign, Inc. has a 1-year low of $105.40 and a 1-year high of $164.19. The company has a market capitalization of $16.76 billion, a price-to-earnings ratio of 38.73 and a beta of 0.89.

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 Thomson Reuters’ consensus estimate of $1.10 by $0.13. Verisign had a negative return on equity of 38.09% and a net margin of 41.82%. The business had revenue of $305.78 million during the quarter, compared to the consensus estimate of $305.25 million. On average, equities analysts anticipate that Verisign, Inc. will post 4.31 earnings per share for the current fiscal year.

Several equities research analysts recently issued reports on VRSN shares. JPMorgan Chase & Co. increased their target price on shares of Verisign from $123.00 to $125.00 and gave the stock an “average” rating in a report on Monday, September 24th. BidaskClub lowered shares of Verisign from a “strong-buy” rating to a “buy” rating in a report on Tuesday, October 9th. Robert W. Baird reissued a “hold” rating and issued a $160.00 target price on shares of Verisign in a report on Friday, July 27th. Finally, Cowen reissued a “hold” rating and issued a $155.00 target price on shares of Verisign in a report on Friday, July 27th. Six equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Verisign has an average rating of “Hold” and a consensus target price of $139.00.

Verisign Company Profile

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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