Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in VeriSign, Inc. by 11.3%, owning approximately 146,485 shares valued at $37.2 million as of its latest SEC filing. VeriSign has announced a quarterly dividend of $0.77 per share, which represents an annual yield of 1.1% and will be paid on August 27th. Wall Street analysts have upgraded VeriSign to a 'buy' rating and raised its price target from $285.00 to $305.00, indicating positive market sentiment. Several other institutional investors also made changes to their positions in VeriSign: Berkshire Hathaway Inc. raised its position by 3.6%, now owning 13,271,457 shares valued at $2,746,661,000; Vanguard Group Inc. raised its position by 1.2%, now owning 10,514,290 shares valued at $2,669,263,000; AQR Capital Management LLC raised its position by 20.9%, now owning 1,327,130 shares valued at $273,853,000; Jacobs Levy Equity Management Inc. raised its position by 58.2%, now owning 1,097,129 shares valued at $227,062,000; and Northern Trust Corp raised its position by 11.3%, now owning 974,617 shares valued at $201,707,000. Together, 92.90% of the stock is owned by institutional investors and hedge funds. VeriSign reported $2.21 earnings per share for the quarter, beating the consensus estimate of $2.20 by $0.01, with revenue of $409.90 million, compared to analyst estimates of $410.35 million. The business had a negative return on equity of 40.87% and a net margin of 50.05%, with revenue up 5.9% year-over-year. The company also disclosed a share buyback program authorizing the repurchase of up to $1.11 billion in shares, or 4.1% of its stock. CEO sold 5,000 shares at an average price of $284.82, valued at $1,424,100, reducing their direct ownership to 526,772 shares, which represents a 0.94% decrease in their position. Over the last ninety days, insiders sold 39,505 shares worth $11,130,549, representing 0.84% of the stock. VeriSign, Inc. provides domain name registry services and internet infrastructure, enabling internet navigation for recognized domain names worldwide, including operating two of thirteen internet root servers and offering registration services for the .com and .net domains. The company has a market cap of $25.40 billion, a P/E ratio of 32.45, and a beta of 0.78. Its 12-month low is $172.49 and high is $310.60. The stock's 50-day simple moving average is $281.57 and its 200-day simple moving average is $259.73. VeriSign's dividend payout ratio is currently 36.75%. The ex-dividend date is Tuesday, August 19th, and investors of record on that date will receive a dividend of $0.77 per share, resulting in an annualized dividend of $3.08 and a yield of 1.1%.

VeriSign, Inc. (NASDAQ:VRSN) Shares Bought by Mitsubishi UFJ Asset Management Co. Ltd.

Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in VeriSign, Inc. by 11.3%, now owning approximately 146,485 shares valued at $37.2 million. VeriSign announced a quarterly dividend of $0.77 per share, resulting in an annual yield of 1.1%, to be paid on August 27th. Wall Street analysts have upgraded VeriSign to a 'buy' rating and raised its price target from $285.00 to $305.00. Several institutional investors, including Berkshire Hathaway, Vanguard Group, AQR Capital Management, Jacobs Levy Equity Management, and Northern Trust Corp, also increased their holdings. VeriSign reported earnings per share of $2.21, slightly exceeding estimates, with revenue of $409.90 million, a 5.9% year-over-year increase. The company has a negative return on equity of 40.87% and a net margin of 50.05%. VeriSign has authorized a share buyback program of up to $1.11 billion. CEO sold 5,000 shares at $284.82, reducing direct ownership to 526,772 shares. Over the past 90 days, insiders sold 39,505 shares worth $11.13 million. VeriSign provides domain name registry and internet infrastructure services, operates two of the thirteen internet root servers, and offers .com and .net registration. The company has a market cap of $25.40 billion, a P/E ratio of 32.45, and a beta of 0.78.