Oppenheimer Asset Management Inc. Has $7.06 Million Stake in VeriSign, Inc. (NASDAQ:VRSN)

Oppenheimer Asset Management Inc. grew its stake in shares of VeriSign, Inc. (NASDAQ:VRSN) by 0.2% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 37,184 shares of the information services provider’s stock after purchasing an additional 71 shares during the period. Oppenheimer Asset Management Inc.’s holdings in VeriSign were worth $7,063,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently modified their holdings of VRSN. Blue Trust Inc. lifted its position in shares of VeriSign by 291.1% during the second quarter. Blue Trust Inc. now owns 176 shares of the information services provider’s stock valued at $33,000 after purchasing an additional 131 shares in the last quarter. UMB Bank n.a. lifted its position in shares of VeriSign by 117.2% during the 2nd quarter. UMB Bank n.a. now owns 202 shares of the information services provider’s stock worth $36,000 after buying an additional 109 shares in the last quarter. Rothschild Investment LLC bought a new position in shares of VeriSign during the 2nd quarter worth approximately $38,000. Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of VeriSign in the 2nd quarter worth approximately $39,000. Finally, Concord Wealth Partners grew its holdings in shares of VeriSign by 93.2% in the third quarter. Concord Wealth Partners now owns 226 shares of the information services provider’s stock valued at $43,000 after acquiring an additional 109 shares in the last quarter. 92.90% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other VeriSign news, EVP Thomas C. Indelicarto sold 1,228 shares of the business’s stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $190.00, for a total value of $233,320.00. Following the sale, the executive vice president now directly owns 33,593 shares in the company, valued at $6,382,670. The trade was a 3.53 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 0.84% of the company’s stock.

VeriSign Trading Down 0.3 %

Shares of VRSN opened at $184.36 on Friday. The stock has a 50 day moving average of $183.91 and a 200 day moving average of $179.45. VeriSign, Inc. has a 12 month low of $167.04 and a 12 month high of $220.91. The company has a market capitalization of $17.72 billion, a price-to-earnings ratio of 21.44 and a beta of 0.91.

VeriSign (NASDAQ:VRSN) last released its earnings results on Thursday, October 24th. The information services provider reported $2.07 EPS for the quarter, topping analysts’ consensus estimates of $2.01 by $0.06. The company had revenue of $390.60 million for the quarter, compared to analysts’ expectations of $390.19 million. VeriSign had a negative return on equity of 45.59% and a net margin of 55.74%. The business’s revenue for the quarter was up 3.8% compared to the same quarter last year. During the same period in the previous year, the business posted $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.