Fundsmith 13F: Cuts VeriSign (VRSN) Stake by $40M

Fundsmith recently reduced its holdings in VeriSign, Inc. (NasdaqGS:VRSN), cutting its position by 58% as of its latest 13F filing with the SEC. The fund now holds 113,467 shares, down from 270,634, with the stake valued at approximately $31.8 million.

What Changed in Fundsmith's VeriSign Position

Fundsmith significantly trimmed its investment in VeriSign, shedding 157,167 shares. This represents a 58% decrease in its holdings, bringing the total down to 113,467 shares. The value of the position is now reported to be around $31.8 million.

Other Institutional Activity in VeriSign

BlackRock, Inc. reduced its holdings in VeriSign by 237,095 shares, ending with 9,324,336 shares valued at about $2.32 billion. Berkshire Hathaway maintained its position with 8,989,880 shares worth roughly $2.23 billion. Vanguard Capital Management LLC added 5,363,905 shares, bringing its total to the same number, valued at approximately $1.33 billion. Similarly, Vanguard Portfolio Management LLC added 5,247,489 shares, reaching a total of 5,247,489 shares valued at about $1.30 billion. State Street Corp reduced its stake by 187,421 shares, now holding 4,077,144 shares worth $1.01 billion.

VeriSign, Inc. Stock Down 17.3%

Shares of VeriSign traded near $279.89. The company, with a market cap of $25.47 billion, has a P/E ratio of 31.0 and a forward P/E of 26.2. Its beta is 0.688, indicating lower volatility compared to the market. The stock's 52-week range is between $208.86 and $312.48, with a 50-day moving average of $282.84 and a 200-day moving average of $258.78.

Recent Earnings

VeriSign reported revenue of $1.68 billion, showing a growth rate of 6.6%. The company's net margin stood at 49.96%, with an EPS of $9.04. The next earnings report is expected on July 23, 2026.

Dividend

VeriSign offers an annual dividend rate of $3.24, yielding 1.16%. The dividend payout ratio is 34.48%.

Insider Buying and Selling at VeriSign, Inc.

On June 9, 2026, CEO James Bidzos sold 3,300 shares at an average price of $284.30 in a planned transaction. EVP Thomas Indelicarto also sold 500 shares at $283.54 on the same day. Earlier, on June 2, Bidzos sold another 3,300 shares at $297.47, and Indelicarto sold 500 shares at $293.45, both in planned sales. Additionally, on May 27, Courtney Armstrong purchased 16 shares at $305.75.

Analysts Set New Price Targets

On April 24, 2026, Citigroup maintained its 'buy' rating on VeriSign with a price target of $320. Baird also maintained a 'buy' rating with a target of $355, while JP Morgan kept a 'hold' rating with a $278 target. The consensus among analysts is a 'buy', with a mean price target of $306.25 based on four opinions.

About VeriSign, Inc.

VeriSign, Inc., headquartered in Reston, Virginia, provides internet infrastructure and domain name registry services. It manages two of the thirteen internet root servers and supports global e-commerce through registration services for .com and .net domains. Led by CEO D. James Bidzos, the company employs 926 people.

Bottom Line

Fundsmith's filing reveals a significant reduction in its VeriSign position, which may interest investors tracking institutional moves. Shares of VeriSign continue to show stability in the market. As always, remember that 13F filings are backward-looking and may not reflect current positions.