Daiwa Securities Group Inc. Acquires 942 Shares of VeriSign, Inc. (NASDAQ:VRSN)

Daiwa Securities Group Inc. lifted its holdings in shares of VeriSign, Inc. (NASDAQ:VRSN) by 8.3% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 12,229 shares of the information services provider’s stock after purchasing an additional 942 shares during the quarter. Daiwa Securities Group Inc.’s holdings in VeriSign were worth $2,323,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the business. D. E. Shaw & Co. Inc. increased its holdings in shares of VeriSign by 0.8% during the second quarter. D. E. Shaw & Co. Inc. now owns 1,472,803 shares of the information services provider’s stock worth $261,864,000 after purchasing an additional 11,606 shares during the period. Liontrust Investment Partners LLP increased its holdings in shares of VeriSign by 5.8% during the second quarter. Liontrust Investment Partners LLP now owns 881,366 shares of the information services provider’s stock worth $156,707,000 after purchasing an additional 48,344 shares during the period. AQR Capital Management LLC increased its holdings in shares of VeriSign by 44.5% during the second quarter. AQR Capital Management LLC now owns 788,687 shares of the information services provider’s stock worth $139,771,000 after purchasing an additional 242,884 shares during the period. TD Asset Management Inc increased its holdings in shares of VeriSign by 2.6% during the second quarter. TD Asset Management Inc now owns 660,191 shares of the information services provider’s stock worth $117,382,000 after purchasing an additional 17,018 shares during the period. Finally, Bank of New York Mellon Corp increased its holdings in shares of VeriSign by 0.6% during the second quarter. Bank of New York Mellon Corp now owns 652,346 shares of the information services provider’s stock worth $115,987,000 after purchasing an additional 3,684 shares during the period. 92.90% of the stock is owned by institutional investors.

Insider Activity at VeriSign

In related news, EVP Thomas C. Indelicarto sold 1,228 shares of VeriSign stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $190.00, for a total value of $233,320.00. Following the transaction, the executive vice president now directly owns 33,593 shares of the company’s stock, valued at $6,382,670. This trade represents a 3.53 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.84% of the stock is currently owned by insiders.

VeriSign Trading Up 3.5 %

Shares of VRSN opened at $191.63 on Friday. The firm’s 50 day moving average is $184.30 and its 200-day moving average is $180.43. The stock has a market capitalization of $18.42 billion, a PE ratio of 22.28 and a beta of 0.91. VeriSign, Inc. has a 12 month low of $167.04 and a 12 month high of $220.91.

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 analysts’ consensus estimates of $2.01 by $0.06. The business had revenue of $390.60 million for the quarter, compared to analysts’ expectations of $390.19 million. VeriSign had a net margin of 55.74% and a negative return on equity of 45.59%. The firm’s quarterly revenue was up 3.8% compared to the same quarter last year. During the same period last year, the firm posted $1.83 earnings per share.

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.