VeriSign, Inc. (NASDAQ:VRSN) Shares Bought by Vinva Investment Management Ltd

Vinva Investment Management Ltd lifted its stake in shares of VeriSign, Inc. (NASDAQ:VRSN) by 18.9% during the third quarter, Holdings Channel reports. The fund owned 11,402 shares of the information services provider’s stock after purchasing an additional 1,811 shares during the quarter. Vinva Investment Management Ltd’s holdings in VeriSign were worth $2,174,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in VRSN. Blue Trust Inc. boosted its stake in shares of VeriSign by 291.1% during the 2nd quarter. Blue Trust Inc. now owns 176 shares of the information services provider’s stock worth $33,000 after purchasing an additional 131 shares during the last quarter. UMB Bank n.a. lifted its stake in shares of VeriSign by 117.2% during the second quarter. UMB Bank n.a. now owns 202 shares of the information services provider’s stock valued at $36,000 after buying an additional 109 shares during the period. Rothschild Investment LLC acquired a new stake in VeriSign during the second quarter worth approximately $38,000. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in VeriSign in the 2nd quarter worth approximately $39,000. Finally, Concord Wealth Partners grew its stake in VeriSign by 93.2% in the 3rd quarter. Concord Wealth Partners now owns 226 shares of the information services provider’s stock worth $43,000 after acquiring an additional 109 shares during the period. Hedge funds and other institutional investors own 92.90% of the company’s stock.

Insider Activity

In other news, EVP Thomas C. Indelicarto sold 1,228 shares of VeriSign stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $190.00, for a total transaction of $233,320.00. Following the sale, the executive vice president now directly owns 33,593 shares of the company’s stock, valued at approximately $6,382,670. The trade was a 3.53 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.84% of the company’s stock.

VeriSign Stock Down 2.3 %

Shares of VeriSign stock opened at $187.18 on Friday. VeriSign, Inc. has a fifty-two week low of $167.04 and a fifty-two week high of $220.91. The business’s fifty day moving average is $184.42 and its two-hundred day moving average is $180.54. The firm has a market cap of $17.99 billion, a PE ratio of 21.77 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 earnings per share for the quarter, topping the consensus estimate of $2.01 by $0.06. The firm had revenue of $390.60 million for the quarter, compared to the consensus estimate of $390.19 million. VeriSign had a negative return on equity of 45.59% and a net margin of 55.74%. The firm’s revenue for the quarter was up 3.8% compared to the same quarter last year. During the same period in the prior year, the business posted $1.83 earnings per share.

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.