Verisign INC (VRSN) Holder Goldman Sachs Group INC Has Lifted Holding by $88.43 Million

VeriSign, Inc. (NASDAQ:VRSN) Logo

Goldman Sachs Group Inc increased its stake in Verisign Inc (VRSN) by 40.01% based on its latest 2019Q2 regulatory filing with the SEC. Goldman Sachs Group Inc bought 423,111 shares as the company’s stock rose 8.56% . The institutional investor held 1.48 million shares of the technology company at the end of 2019Q2, valued at $309.67M, up from 1.06M at the end of the previous reported quarter. Goldman Sachs Group Inc who had been investing in Verisign Inc for a number of months, seems to be bullish on the $22.39B market cap company. The stock decreased 1.28% or $2.44 during the last trading session, reaching $188.74. About 819,572 shares traded or 36.77% up from the average. VeriSign, Inc. (NASDAQ:VRSN) has risen 45.15% since September 13, 2018 and is uptrending. It has outperformed by 45.15% the S&P500.

Goldman Sachs Group Inc, which manages about $347.49B US Long portfolio, decreased its stake in Fox Corp by 1.09 million shares to 1.81 million shares, valued at $65.96M in 2019Q2, according to the filing. It also reduced its holding in California Wtr Svc Group (NYSE:CWT) by 147,804 shares in the quarter, leaving it with 111,434 shares, and cut its stake in Barnes Group Inc (NYSE:B).

More notable recent VeriSign, Inc. (NASDAQ:VRSN) news were published by: Nasdaq.com which released: “Commit To Purchase Verisign At $160, Earn 3.2% Annualized Using Options – Nasdaq” on August 19, 2019, also Nasdaq.com with their article: “VeriSign (VRSN) Earnings Expected to Grow: Should You Buy? – Nasdaq” published on April 18, 2019, Finance.Yahoo.com published: “Stocks – Market Surges on Apple, Tech and Boeing Gains – Yahoo Finance” on September 11, 2019. More interesting news about VeriSign, Inc. (NASDAQ:VRSN) were released by: Nasdaq.com and their article: “VeriSign (VRSN) Tops Q2 Earnings Estimates – Nasdaq” published on July 25, 2019 as well as Nasdaq.com‘s news article titled: “VeriSign (VRSN) to Report Q2 Earnings: What’s in Store? – Nasdaq” with publication date: July 22, 2019.

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