VeriSign, Inc. (NASDAQ:VRSN) Shares Sold by State Street Corp

State Street Corp decreased its holdings in VeriSign, Inc. (NASDAQ:VRSN) by 0.9% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 3,829,236 shares of the information services provider’s stock after selling 34,839 shares during the quarter. State Street Corp owned approximately 3.98% of VeriSign worth $727,402,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of VRSN. Troy Asset Management Ltd acquired a new position in shares of VeriSign in the second quarter worth about $109,040,000. Mackenzie Financial Corp raised its stake in VeriSign by 836.8% during the second 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 in the last quarter. Diamond Hill Capital Management Inc. acquired a new stake in VeriSign during the second quarter valued at approximately $67,914,000. Canoe Financial LP acquired a new stake in VeriSign during the third quarter valued at approximately $46,455,000. Finally, AQR Capital Management LLC raised its stake in VeriSign by 44.5% during the second quarter. AQR Capital Management LLC now owns 788,687 shares of the information services provider’s stock valued at $139,771,000 after buying an additional 242,884 shares in the last quarter. Institutional investors and hedge funds own 92.90% of the company’s stock.

Insider Activity

In other news, EVP Thomas C. Indelicarto sold 2,456 shares of the company’s stock in a transaction that occurred on Friday, September 27th. The stock was sold at an average price of $190.00, for a total transaction of $466,640.00. Following the completion of the transaction, the executive vice president now directly owns 34,821 shares of the company’s stock, valued at approximately $6,615,990. This represents a 6.59 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Danny R. Mcpherson sold 2,092 shares of the company’s stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $192.43, for a total value of $402,563.56. Following the transaction, the executive vice president now directly owns 26,157 shares of the company’s stock, valued at $5,033,391.51. This trade represents a 7.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 5,776 shares of company stock valued at $1,102,524. 0.84% of the stock is currently owned by insiders.

VeriSign Stock Up 1.2 %

Shares of NASDAQ VRSN opened at $191.14 on Monday. The stock’s 50 day moving average price is $184.86 and its two-hundred day moving average price is $181.29. VeriSign, Inc. has a 52-week low of $167.04 and a 52-week high of $220.91. The stock has a market capitalization of $18.37 billion, a P/E ratio of 22.23 and a beta of 0.92.

VeriSign (NASDAQ:VRSN) last announced its quarterly earnings data on Thursday, October 24th. The information services provider reported $2.07 earnings per share (EPS) for the quarter, beating 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 analysts’ expectations of $390.19 million. During the same quarter in the prior year, the firm posted $1.83 earnings per share. VeriSign’s revenue for the quarter was up 3.8% compared to the same quarter last year.

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.