Tiger Global Management Exits Position in VASCO Data Security International (VDSI)

VASCO Data Security International (VDSI) : Tiger Global Management has sold out all of its stake in VASCO Data Security International during the most recent quarter, according to the disclosure filed by the company on Aug 15, 2016 with the SEC. The investment management company has sold out 1,049,900 shares of VASCO Data Security International which is valued at $18,089,777.

Other Hedge Funds, Including , Maverick Capital Ltd sold out all of its stake in VDSI during the most recent quarter. The investment firm sold 85,000 shares of VDSI which is valued $1,464,550. Stevens Capital Management Lp sold out all of its stake in VDSI during the most recent quarter. The investment firm sold 36,402 shares of VDSI which is valued $627,206.Spot Trading L.l.c reduced its stake in VDSI by selling 4,881 shares or 98.45% in the most recent quarter. The Hedge Fund company now holds 77 shares of VDSI which is valued at $1,328.Lucus Advisors reduced its stake in VDSI by selling 12,630 shares or 37.04% in the most recent quarter. The Hedge Fund company now holds 21,468 shares of VDSI which is valued at $375,905. VASCO Data Security International makes up approx 0.29% of Lucus Advisors’s portfolio.

VASCO Data Security International opened for trading at $18.09 and hit $18.45 on the upside on Thursday, eventually ending the session at $18.37, with a gain of 0.77% or 0.14 points. The heightened volatility saw the trading volume jump to 1,65,520 shares. Company has a market cap of $738 M.

On the company’s financial health, VASCO Data Security International reported $0.15 EPS for the quarter, missing the analyst consensus estimate by $ -0.02 based on the information available during the earnings call on Jul 28, 2016. Analyst had a consensus of $0.17. The company had revenue of $54.30 million for the quarter, compared to analysts expectations of $51.20 million. The company’s revenue was down -17.0 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.40 EPS.

Many Wall Street Analysts have commented on VASCO Data Security International. Shares were Reiterated by Dougherty & Company on Jul 29, 2016 to “Buy” and Lowered the Price Target to $ 20 from a previous price target of $22 .

VASCO Data Security International Inc. (VASCO) is an IT security company. The Company through its operating subsidiaries designs develops and markets security solutions that secure and manage access to digital assets and protect transactions. Its products enable secure financial transactions over private enterprise networks and public networks such as the Internet. The Company’s user authentication is delivered through its hardware and software DIGIPASS security products (DIGIPASSES) many of which incorporate an electronic and digital signature capability which further protects the integrity of electronic transactions and data transmissions. VASCO’s primary product and service lines include three categories of solutions: Host System products which is typically a component of an organization’s IT infrastructure; Client Authenticators which are devices used by end users for authentication and Developer Tools which are used by application developers.

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