Verisign Inc (NASDAQ:VRSN).
Baird Financial Group, Inc. says it sold 21,528 shares last quarter decreasing its holdings in Verisign Inc by 11.4%. Its stake was valued at $17,861,000 an increase of 1.4% as of quarter end.
Here are a few institutional investors who have updated their positions. As of quarter end Commonwealth Of Pennsylvania Public School Empls Retrmt SYS had acquired a total of 430 shares growing its stake by 6.6%. The value of the investment in VRSN went from $610,000 to $744,000 increasing 22.0% for the reporting period. As of the end of the quarter Tredje Ap-fonden had bought 740 shares growing its holdings by 11.8%. The value in dollars increased from $546,000 to $746,000 a change of $200,000 since the last quarter.
As of quarter end Raymond James & Associates had acquired 354 shares growing its position 2.1%. The value of the investment in Verisign Inc increased from $1,546,000 to $1,807,000 a change of 16.9% quarter to quarter.
On October 29 Cowen and Company held the company rating at “Hold” with a current price target of $103.00. Equity analyst Citigroup raised the price target of the stock on October 27 changing the forecast from $101.00 to $111.00 and stated a “Neutral” rating.
On October 6 analysts at Robert W. Baird updated coverage of VRSN and giving a rating of “Hold” and establishing a price target of $105.00. August 31 investment analysts at Robert W. Baird kept the stock rating at “Hold” targeting a price of $105.00.
The company is now down from yesterday’s close of 111.17. The most current P/E ratio is 29.87 and the market value is 10.88B. In the last earnings report the EPS was $3.70 with 98.57M shares presently outstanding.
Short traders are more bearish on shares of the company recently as inferred by the rise in short interest. The company experienced a rise in short interest between September 29, 2017 and October 13, 2017 of 2.98%. Short shares grew from 14,253,133 to 14,678,090 over that timeframe. The short-interest ratio decreased to 16.0 and the percentage of shorted shares was 0.15% on October 13.