As Verisign INC (VRSN) Stock Value Rose, Gruss Capital Management LP Boosted Its Position

January 20, 2018 - By Stephen Andrade

Investors sentiment decreased to 0 in 2017 Q3. Its down 0.09, from 0.09 in 2017Q2. It dived, as 35 investors sold VRSN shares while 3 reduced holdings. 0 funds opened positions while 0 raised stakes. 39.56 million shares or 15.68% less from 46.92 million shares in 2017Q2 were reported. Bancorporation Of Nova Scotia holds 0.1% or 5.56M shares in its portfolio. Massachusetts-based State Street has invested 0.01% in VeriSign, Inc. (NASDAQ:VRSN). National Bank & Trust Of New York Mellon accumulated 650,000 shares. Penn Mngmt Com accumulated 202,000 shares.

Since August 1, 2017, it had 0 insider buys, and 2 insider sales for $275,145 activity. On Tuesday, August 1 the insider TOMLINSON TIMOTHY sold $125,240.

Howard Guberman increased its stake in Verisign Inc (VRSN) by 10.18% based on its latest 2017Q3 regulatory filing with the SEC. Gruss Capital Management Lp bought 85,000 shares as the company’s stock rose 8.37% with the market. The hedge fund run by Howard Guberman held 920,000 shares of the technology company at the end of 2017Q3, valued at $97.88 million, up from 835,000 at the end of the previous reported quarter. Gruss Capital Management Lp who had been investing in Verisign Inc for a number of months, seems to be bullish on the $11.28 billion market cap company. The stock decreased 0.05% or $0.06 during the last trading session, reaching $114.48. About 859,393 shares traded or 0.35% up from the average. VeriSign, Inc. (NASDAQ:VRSN) has risen 7.59% since January 20, 2017 and is uptrending. It has underperformed by 9.11% the S&P500.

Gruss Capital Management Lp, which manages about $3.35 billion and $1.15B US Long portfolio, decreased its stake in Playa Hotels & Resorts Nv by 477,458 shares to 260,041 shares, valued at $2.71M in 2017Q3, according to the filing.

Another recent and important VeriSign, Inc. (NASDAQ:VRSN) news was published by Bna.com which published an article titled: “DOJ Closes Probe of VeriSign Over .Web Domain” on January 11, 2018.

VeriSign, Inc. (NASDAQ:VRSN) Ratings Coverage

Among 6 analysts covering VeriSign (NASDAQ:VRSN), 1 have Buy rating, 2 Sell and 3 Hold. Therefore 17% are positive. VeriSign had 15 analyst reports since July 27, 2015 according to SRatingsIntel. Citigroup maintained VeriSign, Inc. (NASDAQ:VRSN) on Friday, October 27 with “Neutral” rating. The rating was maintained by Cowen & Co with “Hold” on Friday, October 2. The stock of VeriSign, Inc. (NASDAQ:VRSN) has “Sell” rating given on Tuesday, January 5 by Citigroup. The firm has “Hold” rating given on Thursday, August 31 by Robert W. Baird. The stock has “Hold” rating by Cowen & Co on Friday, October 27. The firm earned “Hold” rating on Friday, October 6 by Robert W. Baird. The firm earned “Buy” rating on Monday, July 27 by Topeka Capital Markets. Robert W. Baird maintained VeriSign, Inc. (NASDAQ:VRSN) rating on Thursday, October 26. Robert W. Baird has “Hold” rating and $112.0 target. On Wednesday, April 12 the stock rating was upgraded by Citigroup to “Neutral”.

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