Vontobel Holding Ltd. Has $19.43 Million Stock Position in VeriSign, Inc. (NASDAQ:VRSN)

Vontobel Holding Ltd. raised its position in shares of VeriSign, Inc. (NASDAQ:VRSN) by 4.1% in the third quarter, according to its most recent filing with the SEC. The firm owned 102,306 shares of the information services provider’s stock after purchasing an additional 4,020 shares during the quarter. Vontobel Holding Ltd. owned approximately 0.10% of VeriSign worth $19,434,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Mitsubishi UFJ Asset Management Co. Ltd. increased its position in shares of VeriSign by 21.8% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 107,224 shares of the information services provider’s stock worth $20,320,000 after buying an additional 19,215 shares during the period. Sei Investments Co. raised its position in shares of VeriSign by 133.6% in the 1st quarter. Sei Investments Co. now owns 37,213 shares of the information services provider’s stock worth $7,052,000 after acquiring an additional 21,285 shares in the last quarter. SG Americas Securities LLC lifted its stake in shares of VeriSign by 21.5% in the 1st quarter. SG Americas Securities LLC now owns 53,602 shares of the information services provider’s stock valued at $10,158,000 after purchasing an additional 9,487 shares during the period. Oppenheimer Asset Management Inc. bought a new stake in shares of VeriSign during the 1st quarter valued at about $1,494,000. Finally, Janus Henderson Group PLC grew its stake in VeriSign by 99.1% during the first quarter. Janus Henderson Group PLC now owns 24,199 shares of the information services provider’s stock worth $4,585,000 after purchasing an additional 12,042 shares during the period. Institutional investors own 92.90% of the company’s stock.

VeriSign Trading Down 0.5 %

Shares of NASDAQ VRSN opened at $187.06 on Thursday. The firm has a market capitalization of $18.63 billion, a P/E ratio of 22.98 and a beta of 0.90. The firm’s 50-day moving average price is $182.79 and its 200-day moving average price is $179.85. VeriSign, Inc. has a 1-year low of $167.04 and a 1-year high of $220.91.

VeriSign (NASDAQ:VRSN) last posted its quarterly earnings results on Thursday, July 25th. The information services provider reported $2.01 earnings per share for the quarter, topping analysts’ consensus estimates of $1.93 by $0.08. VeriSign had a negative return on equity of 46.63% and a net margin of 55.40%. The business had revenue of $387.10 million for the quarter, compared to the consensus estimate of $385.80 million. During the same period in the prior year, the business earned $1.79 EPS. The firm’s revenue for the quarter was up 4.1% on a year-over-year basis.

Wall Street Analysts Forecast Growth

Separately, Robert W. Baird restated a “neutral” rating and set a $200.00 price target on shares of VeriSign in a report on Thursday, June 27th.

Insider Transactions at VeriSign

In other VeriSign news, EVP Thomas C. Indelicarto sold 2,456 shares of the business’s stock in a transaction on Friday, September 27th. The shares were sold at an average price of $190.00, for a total transaction of $466,640.00. Following the completion of the sale, the executive vice president now owns 34,821 shares in the company, valued at approximately $6,615,990. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, EVP Thomas C. Indelicarto sold 3,684 shares of VeriSign stock in a transaction that occurred on Monday, July 29th. The stock was sold at an average price of $190.00, for a total transaction of $699,960.00. Following the transaction, the executive vice president now owns 37,774 shares of the company’s stock, valued at $7,177,060. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Thomas C. Indelicarto sold 2,456 shares of the company’s stock in a transaction on Friday, September 27th. The stock was sold at an average price of $190.00, for a total value of $466,640.00. Following the sale, the executive vice president now owns 34,821 shares of the company’s stock, valued at $6,615,990. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 7,368 shares of company stock valued at $1,399,920 over the last ninety days. 0.84% of the stock is owned by company insiders.

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.