Zurcher Kantonalbank Zurich Cantonalbank Raises Holdings in VeriSign, Inc. (NASDAQ:VRSN)

Zurcher Kantonalbank Zurich Cantonalbank raised its position in VeriSign, Inc. (NASDAQ:VRSN) by 71.5% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 71,644 shares of the information services provider’s stock after purchasing an additional 29,876 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank owned 0.07% of VeriSign worth $13,609,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in VRSN. Healthcare of Ontario Pension Plan Trust Fund purchased a new position in shares of VeriSign in the third quarter worth about $1,444,000. Blueshift Asset Management LLC lifted its stake in VeriSign by 40.4% in the 3rd quarter. Blueshift Asset Management LLC now owns 3,358 shares of the information services provider’s stock worth $638,000 after purchasing an additional 967 shares in the last quarter. Bridgewater Associates LP boosted its holdings in shares of VeriSign by 68.7% during the 3rd quarter. Bridgewater Associates LP now owns 137,408 shares of the information services provider’s stock worth $26,102,000 after purchasing an additional 55,953 shares during the last quarter. Soros Capital Management LLC grew its position in shares of VeriSign by 23.9% in the third quarter. Soros Capital Management LLC now owns 14,047 shares of the information services provider’s stock valued at $2,668,000 after purchasing an additional 2,710 shares in the last quarter. Finally, Townsquare Capital LLC increased its holdings in shares of VeriSign by 17.0% in the third quarter. Townsquare Capital LLC now owns 5,799 shares of the information services provider’s stock valued at $1,102,000 after purchasing an additional 844 shares during the last quarter. Institutional investors and hedge funds own 92.90% of the company’s stock.

VeriSign Stock Performance

NASDAQ VRSN opened at $187.18 on Friday. The stock’s fifty day moving average is $184.42 and its two-hundred day moving average is $180.62. The firm has a market capitalization of $17.99 billion, a P/E ratio of 21.77 and a beta of 0.91. VeriSign, Inc. has a fifty-two week low of $167.04 and a fifty-two week 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. VeriSign had a net margin of 55.74% and a negative return on equity of 45.59%. The firm had revenue of $390.60 million during the quarter, compared to analyst estimates of $390.19 million. During the same quarter in the prior year, the firm posted $1.83 earnings per share. VeriSign’s quarterly revenue was up 3.8% on a year-over-year basis.

Insider Activity

In other news, EVP Thomas C. Indelicarto sold 1,228 shares of the company’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 transaction, the executive vice president now owns 33,593 shares of the company’s stock, valued at $6,382,670. This represents a 3.53 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 0.84% of the company’s stock.

VeriSign 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.