Investec Asset Management (pty) Ltd buys $474,517 stake in Verisign (VRSN)

Verisign (VRSN) : Investec Asset Management (pty) Ltd scooped up 1,821 additional shares in Verisign during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 12, 2016. The investment management firm now holds a total of 5,601 shares of Verisign which is valued at $474,517.Verisign makes up approximately 0.45% of Investec Asset Management (pty) Ltd’s portfolio.

Other Hedge Funds, Including , Thrivent Financial For Lutherans boosted its stake in VRSN in the latest quarter, The investment management firm added 80 additional shares and now holds a total of 2,830 shares of Verisign which is valued at $239,758.Manufacturers Life Insurance Company The boosted its stake in VRSN in the latest quarter, The investment management firm added 939 additional shares and now holds a total of 99,848 shares of Verisign which is valued at $8.5 Million. Verisign makes up approx 0.01% of Manufacturers Life Insurance Company The’s portfolio. Financial Architects Inc added VRSN to its portfolio by purchasing 19 company shares during the most recent quarter which is valued at $1,610.Nisa Investment Advisors L.l.c. boosted its stake in VRSN in the latest quarter, The investment management firm added 3,500 additional shares and now holds a total of 39,928 shares of Verisign which is valued at $3.4 Million. Verisign makes up approx 0.05% of Nisa Investment Advisors L.l.c.’s portfolio.

Verisign opened for trading at $83.36 and hit $83.98 on the upside on Friday, eventually ending the session at $83.16, with a gain of 0.31% or 0.26 points. The heightened volatility saw the trading volume jump to 4,76,844 shares. Company has a market cap of $9,020,864 M.

On the company’s financial health, Verisign reported $0.85 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Apr 28, 2016. Analyst had a consensus of $0.83. The company had revenue of $281.90 million for the quarter, compared to analysts expectations of $278.46 million. The company’s revenue was up 9.3% 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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