As Verisign INC (VRSN) Stock Price Rose, Shareholder Dupont Capital Management Corp Decreased by $3.91 Million Its Stake

VeriSign, Inc. (NASDAQ:VRSN) Logo

Dupont Capital Management Corp decreased its stake in Verisign Inc (VRSN) by 36.08% based on its latest 2018Q2 regulatory filing with the SEC. Dupont Capital Management Corp sold 28,529 shares as the company’s stock rose 15.77% with the market. The institutional investor held 50,541 shares of the technology company at the end of 2018Q2, valued at $6.95M, down from 79,070 at the end of the previous reported quarter. Dupont Capital Management Corp who had been investing in Verisign Inc for a number of months, seems to be less bullish one the $18.48 billion market cap company. The stock decreased 0.47% or $0.72 during the last trading session, reaching $152.83. About 28,412 shares traded. VeriSign, Inc. (NASDAQ:VRSN) has risen 55.51% since December 6, 2017 and is uptrending. It has outperformed by 39.89% the S&P500.

Dupont Capital Management Corp, which manages about $36.48B and $4.23B US Long portfolio, upped its stake in Ishares Msci Eafe Etf (EFA) by 65,419 shares to 320,454 shares, valued at $21.46 million in 2018Q2, according to the filing. It also increased its holding in Kimberly Clark Corp (NYSE:KMB) by 36,174 shares in the quarter, for a total of 57,674 shares, and has risen its stake in Ishares Msci Emerging Markets (EEM).

Analysts await VeriSign, Inc. (NASDAQ:VRSN) to report earnings on February, 14. They expect $1.12 earnings per share, up 25.84 % or $0.23 from last year’s $0.89 per share. VRSN’s profit will be $135.39M for 34.11 P/E if the $1.12 EPS becomes a reality. After $1.13 actual earnings per share reported by VeriSign, Inc. for the previous quarter, Wall Street now forecasts -0.88 % negative EPS growth.

More notable recent VeriSign, Inc. (NASDAQ:VRSN) news were published by: Gurufocus.com which released: “Wall Street Advances on Tuesday – GuruFocus.com” on November 06, 2018, also Seekingalpha.com with their article: “VeriSign: Just Doesn’t Add Up – Seeking Alpha” published on October 01, 2018, Seekingalpha.com published: “VeriSign, Inc. 2018 Q2 – Results – Earnings Call Slides – Seeking Alpha” on July 27, 2018. More interesting news about VeriSign, Inc. (NASDAQ:VRSN) were released by: Nasdaq.com and their article: “RSI Alert: Verisign (VRSN) Now Oversold – Nasdaq” published on October 09, 2018 as well as Nasdaq.com‘s news article titled: “New Research Coverage Highlights Alcentra Capital, VeriSign, Americold Realty Trust, Internet Initiative Japan, DAVIDsTEA, and Cidara Therapeutics — Consolidated Revenues, Company Growth, and Expectations for 2018 – Nasdaq” with publication date: November 14, 2018.

VeriSign, Inc. (NASDAQ:VRSN) Ratings Coverage

Among 3 analysts covering VeriSign (NASDAQ:VRSN), 1 have Buy rating, 0 Sell and 2 Hold. Therefore 33% are positive. VeriSign had 4 analyst reports since July 27, 2018 according to SRatingsIntel. The stock has “Neutral” rating by JP Morgan on Friday, November 2. The rating was upgraded by Robert W. Baird on Friday, November 2 to “Outperform”. Citigroup maintained the stock with “Neutral” rating in Friday, November 2 report. JP Morgan maintained VeriSign, Inc. (NASDAQ:VRSN) on Friday, July 27 with “Underweight” rating.

VeriSign, Inc. (NASDAQ:VRSN) Ratings Chart

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