Scge Management Exits Position in Verisign (VRSN)

Verisign (VRSN) : Scge Management has sold out all of its stake in Verisign during the most recent quarter, according to the disclosure filed by the company on Nov 14, 2016 with the SEC. The investment management company has sold out 200,000 shares of Verisign which is valued at $15,762,000.

Other Hedge Funds, Including , Capwealth Advisors reduced its stake in VRSN by selling 213 shares or 2.4% in the most recent quarter. The Hedge Fund company now holds 8,668 shares of VRSN which is valued at $683,125. Verisign makes up approx 0.16% of Capwealth Advisors’s portfolio.State Of Tennessee Treasury Department reduced its stake in VRSN by selling 8,940 shares or 17.34% in the most recent quarter. The Hedge Fund company now holds 42,619 shares of VRSN which is valued at $3,496,889. Verisign makes up approx 0.02% of State Of Tennessee Treasury Department’s portfolio.Matarin Capital Management boosted its stake in VRSN in the latest quarter, The investment management firm added 27,190 additional shares and now holds a total of 84,848 shares of Verisign which is valued at $6,961,778. Verisign makes up approx 0.77% of Matarin Capital Management’s portfolio.Rhumbline Advisers boosted its stake in VRSN in the latest quarter, The investment management firm added 3,709 additional shares and now holds a total of 176,714 shares of Verisign which is valued at $14,469,342. Verisign makes up approx 0.04% of Rhumbline Advisers’s portfolio.Chicago Equity Partners reduced its stake in VRSN by selling 75,715 shares or 41.91% in the most recent quarter. The Hedge Fund company now holds 104,945 shares of VRSN which is valued at $8,817,479. Verisign makes up approx 0.25% of Chicago Equity Partners’s portfolio.

Verisign closed down -0.93 points or -1.15% at $80.04 with 5,78,976 shares getting traded on Monday. Post opening the session at $80.87, the shares hit an intraday low of $79.85 and an intraday high of $81.17 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, Verisign reported $0.93 EPS for the quarter, beating the analyst consensus estimate by $ 0.06 according to the earnings call on Oct 27, 2016. Analyst had a consensus of $0.87. The company had revenue of $287.60 million for the quarter, compared to analysts expectations of $287.14 million. The company’s revenue was up 8.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.78 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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