Renaissance Technologies Lowers stake in Verisign (VRSN)

Verisign (VRSN) : Renaissance Technologies reduced its stake in Verisign by 2.0% during the most recent quarter end. The investment management company now holds a total of 4,081,176 shares of Verisign which is valued at $339,757,902 after selling 83,124 shares in Verisign , the firm said in a disclosure report filed with the SEC on Aug 12, 2016.Verisign makes up approximately 0.62% of Renaissance Technologies’s portfolio.

Other Hedge Funds, Including , Proshare Advisors boosted its stake in VRSN in the latest quarter, The investment management firm added 8,993 additional shares and now holds a total of 20,492 shares of Verisign which is valued at $1,705,959. Verisign makes up approx 0.02% of Proshare Advisors’s portfolio.Dimensional Fund Advisors Lp reduced its stake in VRSN by selling 2,813 shares or 1.13% in the most recent quarter. The Hedge Fund company now holds 245,436 shares of VRSN which is valued at $20,717,253. Verisign makes up approx 0.01% of Dimensional Fund Advisors Lp’s portfolio.Oregon Public Employees Retirement Fund reduced its stake in VRSN by selling 600 shares or 3.55% in the most recent quarter. The Hedge Fund company now holds 16,282 shares of VRSN which is valued at $1,381,691. Verisign makes up approx 0.03% of Oregon Public Employees Retirement Fund’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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