VeriSign, Inc. $VRSN is Renaissance Technologies LLC’s 6th Largest Position

Renaissance Technologies LLC boosted its stake in shares of VeriSign, Inc. (NASDAQ:VRSNFree Report) by 1.4% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,818,151 shares of the information services provider’s stock after acquiring an additional 38,800 shares during the quarter. VeriSign comprises 1.1% of Renaissance Technologies LLC’s investment portfolio, making the stock its 6th biggest holding. Renaissance Technologies LLC’s holdings in VeriSign were worth $699,916,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. DV Equities LLC acquired a new position in shares of VeriSign in the fourth quarter valued at approximately $28,000. Sunbelt Securities Inc. lifted its holdings in shares of VeriSign by 429.2% during the third quarter. Sunbelt Securities Inc. now owns 127 shares of the information services provider’s stock worth $36,000 after purchasing an additional 103 shares during the period. Advisors Asset Management Inc. grew its position in VeriSign by 25.3% in the 1st quarter. Advisors Asset Management Inc. now owns 198 shares of the information services provider’s stock valued at $50,000 after buying an additional 40 shares during the last quarter. Activest Wealth Management grew its position in VeriSign by 788.0% in the 4th quarter. Activest Wealth Management now owns 222 shares of the information services provider’s stock valued at $54,000 after buying an additional 197 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd increased its stake in VeriSign by 120.8% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 234 shares of the information services provider’s stock valued at $57,000 after buying an additional 128 shares during the period. 92.90% of the stock is currently owned by hedge funds and other institutional investors.

VeriSign News Roundup

Here are the key news stories impacting VeriSign this week:

  • Positive Sentiment: VeriSign reported second-quarter results that topped estimates, with EPS of $2.38 versus $2.36 expected and revenue of $434.6 million, up 6% year over year. The stronger-than-expected quarter suggests steady demand for domain registrations. Article Title
  • Positive Sentiment: The company lifted its FY2026 outlook, calling for revenue of $1.7 billion to $1.8 billion, reinforcing confidence that growth can continue after the latest quarter. Article Title
  • Positive Sentiment: VeriSign announced that .web has been delegated into the DNS root zone, with the company as registry operator. That adds a potential long-term growth opportunity for domain registrations and registry revenue. Article Title
  • Positive Sentiment: Wedbush raised its price target on VeriSign to $324 from $318 and kept an outperform rating, implying additional upside relative to the current trading level. Article Title
  • Positive Sentiment: JPMorgan also raised its price target to $316 from $308, even while maintaining a neutral rating, signaling improved expectations for the stock’s value. Article Title
  • Neutral Sentiment: VeriSign declared a quarterly dividend of $0.81 per share, which supports the stock’s income profile but is not a major growth driver by itself.

Insider Transactions at VeriSign

In other news, CEO D James Bidzos sold 3,300 shares of the company’s stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $297.47, for a total transaction of $981,651.00. Following the transaction, the chief executive officer directly owned 439,339 shares of the company’s stock, valued at $130,690,172.33. This represents a 0.75% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Danny R. Mcpherson sold 5,000 shares of the stock in a transaction dated Tuesday, April 28th. The shares were sold at an average price of $271.02, for a total transaction of $1,355,100.00. Following the completion of the transaction, the executive vice president owned 35,195 shares of the company’s stock, valued at $9,538,548.90. This represents a 12.44% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 26,300 shares of company stock valued at $7,125,942 in the last ninety days. 0.56% of the stock is currently owned by company insiders.

VeriSign Price Performance

VeriSign stock opened at $280.00 on Friday. VeriSign, Inc. has a 1-year low of $208.86 and a 1-year high of $312.48. The company has a market cap of $25.48 billion, a PE ratio of 30.37 and a beta of 0.71. The stock’s 50 day moving average price is $276.54 and its 200 day moving average price is $259.26.

VeriSign (NASDAQ:VRSNGet Free Report) last announced its quarterly earnings data on Thursday, July 23rd. The information services provider reported $2.38 earnings per share for the quarter, topping analysts’ consensus estimates of $2.36 by $0.02. The firm had revenue of $434.60 million for the quarter, compared to analyst estimates of $433.19 million. VeriSign had a negative return on equity of 39.73% and a net margin of 49.76%.VeriSign’s quarterly revenue was up 6.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.21 earnings per share. On average, equities research analysts anticipate that VeriSign, Inc. will post 9.45 EPS for the current fiscal year.

VeriSign Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, August 27th. Shareholders of record on Wednesday, August 19th will be given a dividend of $0.81 per share. This represents a $3.24 annualized dividend and a dividend yield of 1.2%. The ex-dividend date is Wednesday, August 19th. VeriSign’s payout ratio is presently 35.14%.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on VRSN shares. Wedbush upped their price objective on shares of VeriSign from $318.00 to $324.00 and gave the stock an “outperform” rating in a research report on Friday. Citigroup lifted their target price on shares of VeriSign from $295.00 to $320.00 and gave the company a “buy” rating in a report on Friday, April 24th. Weiss Ratings reiterated a “buy (b-)” rating on shares of VeriSign in a research note on Wednesday, June 24th. Robert W. Baird increased their price target on shares of VeriSign from $305.00 to $355.00 and gave the stock an “outperform” rating in a report on Friday, April 24th. Finally, JPMorgan Chase & Co. increased their price target on shares of VeriSign from $308.00 to $316.00 and gave the stock a “neutral” rating in a report on Friday. Four analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $328.75.

Read Our Latest Stock Report on VRSN

VeriSign Company Profile

(Free Report)

VeriSign, Inc (NASDAQ: VRSN) is an internet infrastructure company that operates critical components of the global Domain Name System (DNS) and provides cybersecurity-related services. The company is best known as the authoritative registry operator for the .com and .net top-level domains, maintaining the central databases and zone files that enable domain name resolution for millions of websites. VeriSign’s registry role is performed under contractual agreements with Internet Corporation for Assigned Names and Numbers (ICANN) and involves high-availability, highly secure operations to support continuous internet connectivity.

In addition to its registry business, VeriSign offers a suite of services designed to protect and accelerate DNS and internet traffic for enterprises and service providers.

See Also

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Institutional Ownership by Quarter for VeriSign (NASDAQ:VRSN)

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