VeriSign, Inc. (NASDAQ:VRSN) Short Interest Update

VeriSign, Inc. (NASDAQ:VRSN) saw a significant decline in short interest during the month of November. As of November 15th, there was short interest totalling 1,870,000 shares, a decline of 16.1% from the October 31st total of 2,230,000 shares. Currently, 2.0% of the shares of the stock are sold short. Based on an average trading volume of 621,700 shares, the days-to-cover ratio is presently 3.0 days.

VeriSign Stock Performance

VRSN stock opened at $187.18 on Friday. The company has a 50 day moving average price of $184.42 and a two-hundred day moving average price of $180.54. The stock has a market capitalization of $17.99 billion, a P/E ratio of 21.77 and a beta of 0.91. VeriSign has a one year low of $167.04 and a one year high of $220.91.

VeriSign (NASDAQ:VRSN) last announced its quarterly earnings data on Thursday, October 24th. The information services provider reported $2.07 EPS for the quarter, beating analysts’ consensus estimates of $2.01 by $0.06. VeriSign had a negative return on equity of 45.59% and a net margin of 55.74%. The business had revenue of $390.60 million during the quarter, compared to the consensus estimate of $390.19 million. During the same quarter in the previous year, the business earned $1.83 earnings per share. The business’s revenue for the quarter 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 VeriSign stock in a transaction dated 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 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.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. D. E. Shaw & Co. Inc. grew its holdings in 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 valued at $261,864,000 after purchasing an additional 11,606 shares during the period. Liontrust Investment Partners LLP grew its stake in shares of VeriSign by 5.8% during the 2nd quarter. Liontrust Investment Partners LLP now owns 881,366 shares of the information services provider’s stock valued at $156,707,000 after buying an additional 48,344 shares during the period. AQR Capital Management LLC increased its holdings in shares of VeriSign by 44.5% during the 2nd quarter. AQR Capital Management LLC now owns 788,687 shares of the information services provider’s stock worth $139,771,000 after buying an additional 242,884 shares during the last quarter. Jacobs Levy Equity Management Inc. raised its position in shares of VeriSign by 7.3% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 693,369 shares of the information services provider’s stock worth $131,712,000 after buying an additional 47,412 shares during the period. Finally, TD Asset Management Inc boosted its holdings in VeriSign by 2.6% in the second quarter. TD Asset Management Inc now owns 660,191 shares of the information services provider’s stock valued at $117,382,000 after acquiring an additional 17,018 shares during the last quarter. Institutional investors and hedge funds own 92.90% of the company’s stock.

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.