727 Shares in VeriSign, Inc. (NASDAQ:VRSN) Acquired by Brooklyn Investment Group

Brooklyn Investment Group purchased a new position in shares of VeriSign, Inc. (NASDAQ:VRSN) in the 3rd quarter, Holdings Channel reports. The firm purchased 727 shares of the information services provider’s stock, valued at approximately $138,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of VRSN. D. E. Shaw & Co. Inc. increased its position in shares of VeriSign by 0.8% in the second quarter. D. E. Shaw & Co. Inc. now owns 1,472,803 shares of the information services provider’s stock worth $261,864,000 after acquiring an additional 11,606 shares in the last quarter. Liontrust Investment Partners LLP increased its position in shares of VeriSign by 5.8% in the second quarter. Liontrust Investment Partners LLP now owns 881,366 shares of the information services provider’s stock worth $156,707,000 after acquiring an additional 48,344 shares in the last quarter. AQR Capital Management LLC increased its position in shares of VeriSign by 44.5% in the second quarter. AQR Capital Management LLC now owns 788,687 shares of the information services provider’s stock worth $139,771,000 after acquiring an additional 242,884 shares in the last quarter. TD Asset Management Inc increased its position in shares of VeriSign by 2.6% in the second quarter. TD Asset Management Inc now owns 660,191 shares of the information services provider’s stock worth $117,382,000 after acquiring an additional 17,018 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its position in shares of VeriSign by 0.6% in the second quarter. Bank of New York Mellon Corp now owns 652,346 shares of the information services provider’s stock worth $115,987,000 after acquiring an additional 3,684 shares in the last quarter. Institutional investors and hedge funds own 92.90% of the company’s stock.

Insider Activity at VeriSign

In related news, EVP Thomas C. Indelicarto sold 1,228 shares of the firm’s stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $190.00, for a total transaction of $233,320.00. Following the completion of the sale, the executive vice president now directly owns 33,593 shares of the company’s stock, valued at approximately $6,382,670. This trade represents a 3.53 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.84% of the company’s stock.

VeriSign Stock Up 3.5 %

VeriSign stock opened at $191.63 on Thursday. VeriSign, Inc. has a 52-week low of $167.04 and a 52-week high of $220.91. The firm has a fifty day moving average of $184.12 and a 200-day moving average of $180.35. The firm has a market capitalization of $18.42 billion, a P/E ratio of 22.28 and a beta of 0.91.

VeriSign (NASDAQ:VRSN) last released its quarterly earnings results on Thursday, October 24th. The information services provider reported $2.07 earnings per share for the quarter, beating analysts’ consensus estimates of $2.01 by $0.06. The business had revenue of $390.60 million during the quarter, compared to analyst estimates of $390.19 million. VeriSign had a net margin of 55.74% and a negative return on equity of 45.59%. The business’s revenue was up 3.8% on a year-over-year basis. During the same period last year, the business earned $1.83 EPS.

VeriSign Company Profile

VeriSign, Inc, together with its subsidiaries, provides domain name registry services and internet infrastructure that enables internet navigation for various recognized domain names worldwide. The company enables the security, stability, and resiliency of internet infrastructure and services, including providing root zone maintainer services, operating two of thirteen internet root servers; and offering registration services and authoritative resolution for the .com and .net domains, which supports global e-commerce.