Assetmark Inc. Has $251,000 Stock Position in VeriSign, Inc. (NASDAQ:VRSN)

Assetmark Inc. grew its position in VeriSign, Inc. (NASDAQ:VRSN) by 12.9% in the third quarter, Holdings Channel reports. The fund owned 1,322 shares of the information services provider’s stock after acquiring an additional 151 shares during the quarter. Assetmark Inc.’s holdings in VeriSign were worth $251,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Capital Performance Advisors LLP bought a new stake in shares of VeriSign in the 3rd quarter valued at $157,000. Intact Investment Management Inc. bought a new position in VeriSign in the third quarter worth approximately $76,000. Forum Financial Management LP acquired a new stake in VeriSign in the third quarter valued at approximately $237,000. Robeco Institutional Asset Management B.V. increased its position in shares of VeriSign by 2.8% during the third quarter. Robeco Institutional Asset Management B.V. now owns 132,737 shares of the information services provider’s stock worth $25,215,000 after acquiring an additional 3,588 shares in the last quarter. Finally, Van ECK Associates Corp grew its holdings in VeriSign by 1.4% during the third quarter. Van ECK Associates Corp now owns 23,150 shares of the information services provider’s stock worth $4,300,000 after buying an additional 327 shares in the last quarter. 92.90% of the stock is currently owned by institutional investors and hedge funds.

VeriSign Price Performance

Shares of NASDAQ:VRSN opened at $180.88 on Friday. The company has a market capitalization of $17.38 billion, a PE ratio of 21.03 and a beta of 0.91. VeriSign, Inc. has a 1 year low of $167.04 and a 1 year high of $220.91. The business has a fifty day moving average price of $183.91 and a two-hundred day moving average price of $179.53.

VeriSign (NASDAQ:VRSN) last announced its quarterly earnings results on Thursday, October 24th. The information services provider reported $2.07 earnings per share 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 period in the prior year, the business posted $1.83 earnings per share. The company’s revenue was up 3.8% on a year-over-year basis.

Insider Transactions at VeriSign

In other news, EVP Thomas C. Indelicarto sold 1,228 shares of the company’s stock in a transaction dated Tuesday, October 15th. The shares were 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 of the company’s stock, valued at $6,382,670. This represents a 3.53 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.84% of the company’s stock.

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.