Gruss Capital Management LP Stake in Verisign INC (VRSN) Decreased by $10.26 Million; Shares Rose

April 20, 2018 - By Nellie Deboer

VeriSign, Inc. (NASDAQ:VRSN) Corporate LogoDuring 2017 Q4 the big money sentiment increased to 0.13. That’s change of 0.13, from 2017Q3’s 0. 28 investors sold all, 2 reduced holdings as VRSN ratio improved. 1 increased positions while 3 funds bought positions. Funds hold 78.09 million shares thus 97.38% more from 2017Q3’s 39.56 million shares. Hbk LP accumulated 0.62% or 19.75 million shs. Penn Mgmt Comm Inc owns 202,000 shs. Hudson Bay Cap Mngmt Ltd Partnership holds 1.59% or 22.16 million shs. Bankshares Of New York Mellon Corp invested 0% in VeriSign, Inc. (NASDAQ:VRSN). Moreover, Fincl Bank Of Nova Scotia has 0.04% invested in VeriSign, Inc. (NASDAQ:VRSN) for 2.54 million shs. 32.78M were reported by State Street. Platinum Invest Limited holds 0.02% or 5,600 shs in its capital.

Howard Guberman decreased its stake by 9.78% in Verisign Inc (VRSN), according to 2017Q4 Securities and Exchange form. 90,000 shares were sold by Gruss Capital Management Lp as the company’s stock rose 3.06% while stock markets declined. At the end of 2017Q4, the 830,000 shares of the technology company held by the hedge fund run by Howard Guberman were valued at $94.99 million, down from 920,000 at the end of the previous reported quarter. $12.19 billion is the MC of Verisign Inc. The stock increased 0.38% or $0.47 during the last trading session, reaching $125.66.VeriSign, Inc. has volume of 273,436 shares. Since April 20, 2017 VRSN has risen 35.08% and is uptrending. VRSN outperformed the S&P500 by 23.53%.

About $3.35B and $1.25B US Long portfolio the Gruss Capital Management Lp manages. Its stake in Hyatt Hotels Corp (NYSE:H) was upped by 71,000 shares to 716,000 shares valued at $52.66 million in 2017Q4, according to the filing. Gruss Capital Management Lp has risen its stake in Madison Square Garden Co New and also increased its holding in Powershares Qqq Trust (Put) (QQQ) by 40,000 shares in the quarter, for a total of 700,000 shares.

On April, 26 VeriSign, Inc. (NASDAQ:VRSN)’s earnings release is anticipated by WallStreet, as reported by Faxor. Analysts forecast $0.95 EPS. That’s $0.09 up or 10.47 % from 2017’s earnings of $0.86. If the current EPS of $0.95 is accurate, VRSN’s profit could reach $92.16 million. Analysts at Wall Street see VeriSign, Inc.’s 6.74 % EPS growth compared to $0.89 EPS for last quarter.

VeriSign, Inc. (NASDAQ:VRSN) Ratings Coverage

In total 4 analysts cover Verisign (NASDAQ:VRSN). “Buy” rating has 0, “Sell” are 1, while 3 are “Hold”. (NASDAQ:VRSN) has 0 bullish analysts. With $125.0 highest and $103.0 lowest Target, Verisign has $118.67 average Target or -5.56% below the current ($125.66) price. 7 are the (NASDAQ:VRSN)’s ratings reports on Apr 20, 2018 according to StockzIntelligence Inc. On Thursday, October 26 the rating was maintained by Robert W. Baird with “Hold”. On Friday, October 27 the rating was maintained by Citigroup with “Neutral”. On Thursday, April 5 the firm earned “Hold” rating by Cowen & Co. On Friday, March 16 Robert W. Baird maintained the shares of VRSN in report with “Hold” rating. On Friday, October 27 Cowen & Co maintained the shares of VRSN in report with “Hold” rating. The stock rating was maintained by Cowen & Co with “Hold” on Friday, February 9.

VeriSign, Inc. (NASDAQ:VRSN) Analyst Ratings Chart

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.