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Explain this story: 17,569 VeriSign, Inc. $VRSN Shares Sold by Envestnet Asset Management Inc.
Envestnet Asset Management Inc. reduced its stake in VeriSign, Inc. (NASDAQ:VRSN) by 3.2% in the second quarter, selling 17,569 shares but still holding 531,550 shares valued at $133.7 million. Other institutional investors also adjusted their positions, and 92.9% of VRSN's stock is collectively owned by institutional investors. VeriSign reported strong quarterly financials, including revenue of $434.6 million and earnings of $2.38 per share, exceeding analyst expectations, and maintains a "Moderate Buy" consensus rating with an average price target of $333.00.
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Envestnet Asset Management Inc. reduced its stake in VeriSign, Inc. (NASDAQ:VRSN) by 3.2% in the second quarter, selling 17,569 shares but still holding 531,550 shares valued at $133.7 million. Other institutional investors also adjusted their positions, and 92.9% of VRSN's stock is collectively owned by institutional investors. VeriSign reported strong quarterly financials, including revenue of $434.6 million and earnings of $2.38 per share, exceeding analyst expectations, and maintains a "Moderate Buy" consensus rating with an average price target of $333.00.
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Published Sep 26, 2026, 03:49 ET · on this site +22h 2m