Investec Asset Management (pty) Ltd buys $579,420 stake in Verisign (VRSN)

Verisign (VRSN) : Investec Asset Management (pty) Ltd scooped up 1,359 additional shares in Verisign during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 12, 2016. The investment management firm now holds a total of 6,960 shares of Verisign which is valued at $579,420.Verisign makes up approximately 0.49% of Investec Asset Management (pty) Ltd’s portfolio.

Other Hedge Funds, Including , Nomura Asset Management Co Ltd reduced its stake in VRSN by selling 4,022 shares or 14.51% in the most recent quarter. The Hedge Fund company now holds 23,700 shares of VRSN which is valued at $1,973,025. Verisign makes up approx 0.04% of Nomura Asset Management Co Ltd’s portfolio.Public Sector Pension Investment Board boosted its stake in VRSN in the latest quarter, The investment management firm added 2,300 additional shares and now holds a total of 18,053 shares of Verisign which is valued at $1,502,912. Verisign makes up approx 0.02% of Public Sector Pension Investment Board’s portfolio. Cetera Advisors sold out all of its stake in VRSN during the most recent quarter. The investment firm sold 27,799 shares of VRSN which is valued $2,314,267.California Public Employees Retirement System reduced its stake in VRSN by selling 1,200 shares or 0.3% in the most recent quarter. The Hedge Fund company now holds 397,702 shares of VRSN which is valued at $33,748,992. Verisign makes up approx 0.05% of California Public Employees Retirement System’s portfolio.New York State Teachers Retirement System boosted its stake in VRSN in the latest quarter, The investment management firm added 9,018 additional shares and now holds a total of 188,615 shares of Verisign which is valued at $15,743,694. Verisign makes up approx 0.04% of New York State Teachers Retirement System’s portfolio.

Verisign closed down -0.47 points or -0.63% at $74.54 with 7,57,343 shares getting traded on Monday. Post opening the session at $75, the shares hit an intraday low of $74.5 and an intraday high of $75.38 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, Verisign reported $0.91 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on Jul 28, 2016. Analyst had a consensus of $0.86. The company had revenue of $286.47 million for the quarter, compared to analysts expectations of $283.99 million. The company’s revenue was up 9.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.74 EPS.

VeriSign Inc. is a global provider of domain name registry services and Internet security enabling Internet navigation for domain names and providing protection for Websites and enterprises around the world (Registry Services). The Company’s product suite also includes Network Intelligence and Availability (NIA) Services consisting of Distributed Denial of Service (DDoS) Protection Services Verisign iDefense Security Intelligence Services (iDefense) and Managed Domain Name System (Managed DNS) Services. The Company’s Registry Services provides the security stability and resiliency of Internet infrastructure and services including the .com and .net domains two of the Internet’s root servers and operation of the root-zone maintainer functions for the core of the Internet’s Domain Name System (DNS). The Company has operations inside as well as outside the United States.

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