VeriSign, Inc. (NASDAQ:VRSN) Stock Holdings Increased by Verition Fund Management LLC

Verition Fund Management LLC raised its position in shares of VeriSign, Inc. (NASDAQ:VRSN) by 542.2% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 37,635 shares of the information services provider’s stock after buying an additional 31,775 shares during the quarter. Verition Fund Management LLC’s holdings in VeriSign were worth $7,149,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of VRSN. Troy Asset Management Ltd acquired a new position in VeriSign in the second quarter worth $109,040,000. Mackenzie Financial Corp boosted its holdings in shares of VeriSign by 836.8% in the 2nd quarter. Mackenzie Financial Corp now owns 473,187 shares of the information services provider’s stock valued at $84,133,000 after buying an additional 422,676 shares during the period. Diamond Hill Capital Management Inc. bought a new stake in shares of VeriSign during the 2nd quarter valued at about $67,914,000. Canoe Financial LP acquired a new stake in VeriSign during the third quarter worth about $46,455,000. Finally, AQR Capital Management LLC lifted its holdings in 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 during the last quarter. Institutional investors own 92.90% of the company’s stock.

VeriSign Trading Down 2.3 %

NASDAQ:VRSN opened at $187.18 on Monday. The stock has a 50 day moving average of $184.42 and a 200-day moving average of $180.70. The firm has a market capitalization of $17.99 billion, a PE ratio of 21.77 and a beta of 0.91. VeriSign, Inc. has a 52 week low of $167.04 and a 52 week high of $220.91.

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

Insider Buying and Selling at VeriSign

In other news, EVP Thomas C. Indelicarto sold 1,228 shares of the firm’s stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $190.00, for a total transaction of $233,320.00. Following the transaction, 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.84% of the stock is owned by company insiders.

About VeriSign

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.