Freestone Grove Partners LP Purchases New Stake in VeriSign, Inc. $VRSN

Posted by Brenda Bartman on Aug 30th, 2026

Freestone Grove Partners LP acquired a new position in VeriSign, Inc. (NASDAQ:VRSN – Free Report) in the second quarter, HoldingsChannel.com reports. The institutional investor acquired 4,655 shares of the information services provider’s stock, valued at approximately $1,171,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. BlackRock Inc. bought a new position in shares of VeriSign in the 2nd quarter valued at about $2,116,154,000. Norges Bank bought a new stake in shares of VeriSign during the fourth quarter worth approximately $312,900,000. Legal & General Group Plc bought a new stake in shares of VeriSign during the second quarter worth approximately $172,641,000. Hawk Ridge Capital Management LP acquired a new position in VeriSign in the fourth quarter valued at approximately $149,686,000. Finally, Deutsche Bank AG bought a new position in VeriSign in the second quarter valued at approximately $145,362,000. 92.90% of the stock is owned by institutional investors.

VeriSign Stock Performance

Shares of VRSN stock opened at $291.93 on Friday. The company has a market capitalization of $26.36 billion, a P/E ratio of 31.66 and a beta of 0.70. The company’s 50 day moving average price is $275.06 and its two-hundred day moving average price is $266.37. VeriSign, Inc. has a 52 week low of $208.86 and a 52 week high of $312.48.

VeriSign (NASDAQ:VRSN – Get Free Report) last announced its earnings results 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. VeriSign had a net margin of 49.76% and a negative return on equity of 39.20%. The firm had revenue of $434.60 million during the quarter, compared to analyst estimates of $433.19 million. During the same period in the prior year, the business earned $2.21 EPS. The company’s revenue for the quarter was up 6.0% compared to the same quarter last year. Analysts forecast that VeriSign, Inc. will post 9.56 earnings per share for the current year.

VeriSign Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, August 27th. Investors of record on Wednesday, August 19th were issued a dividend of $0.81 per share. This represents a $3.24 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date was Wednesday, August 19th. VeriSign’s payout ratio is presently 35.14%.

Analyst Ratings Changes

A number of analysts have commented on VRSN shares. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of VeriSign in a report on Wednesday, June 24th. Wedbush increased their price target on VeriSign from $318.00 to $324.00 and gave the company an “outperform” rating in a research note on Friday, July 24th. JPMorgan Chase & Co. raised their price target on VeriSign from $308.00 to $316.00 and gave the stock a “neutral” rating in a research report on Friday, July 24th. Finally, Zacks Research raised VeriSign from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 27th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, VeriSign currently has an average rating of “Buy” and an average price target of $328.75.

Read Our Latest Stock Analysis on VeriSign

Insiders Place Their Bets

In other VeriSign news, CEO D James Bidzos sold 3,300 shares of the stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $297.47, for a total value of $981,651.00. Following the completion of the sale, the chief executive officer owned 439,339 shares in the company, valued at $130,690,172.33. This trade represents a 0.75% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 39,800 shares of company stock worth $11,020,624 in the last 90 days. 0.56% of the stock is currently owned by insiders.

VeriSign 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.