Entropy Technologies LP Sells 12,769 Shares of VeriSign, Inc. (NASDAQ:VRSN)

Entropy Technologies LP lessened its holdings in VeriSign, Inc. (NASDAQ:VRSN) by 67.2% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 6,227 shares of the information services provider’s stock after selling 12,769 shares during the quarter. Entropy Technologies LP’s holdings in VeriSign were worth $1,183,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Keystone Financial Services bought a new stake in shares of VeriSign in the 3rd quarter worth approximately $201,000. Versor Investments LP raised its stake in VeriSign by 453.0% during the third quarter. Versor Investments LP now owns 9,401 shares of the information services provider’s stock valued at $1,786,000 after buying an additional 7,701 shares during the last quarter. Diamond Hill Capital Management Inc. boosted its holdings in VeriSign by 12.2% in the third quarter. Diamond Hill Capital Management Inc. now owns 428,647 shares of the information services provider’s stock worth $81,426,000 after acquiring an additional 46,677 shares in the last quarter. Los Angeles Capital Management LLC grew its stake in shares of VeriSign by 106.1% in the third quarter. Los Angeles Capital Management LLC now owns 184,387 shares of the information services provider’s stock worth $35,026,000 after acquiring an additional 94,917 shares during the last quarter. Finally, Asset Management Advisors LLC increased its holdings in shares of VeriSign by 0.5% during the third quarter. Asset Management Advisors LLC now owns 28,670 shares of the information services provider’s stock valued at $5,446,000 after acquiring an additional 150 shares in the last quarter. Institutional investors own 92.90% of the company’s stock.

VeriSign Price Performance

Shares of VeriSign stock opened at $184.99 on Thursday. VeriSign, Inc. has a 1 year low of $167.04 and a 1 year high of $220.91. The firm’s 50-day moving average is $183.90 and its 200 day moving average is $179.41. The stock has a market cap of $17.78 billion, a price-to-earnings ratio of 21.51 and a beta of 0.91.

VeriSign (NASDAQ:VRSN) last issued its earnings results on Thursday, October 24th. The information services provider reported $2.07 earnings per share (EPS) 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 net margin of 55.74% and a negative return on equity of 45.59%. The business’s revenue was up 3.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.83 earnings per share.

Insider Buying and Selling at VeriSign

In other news, EVP Thomas C. Indelicarto sold 2,456 shares of the business’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 completion of the transaction, the executive vice president now owns 34,821 shares in the company, valued at $6,615,990. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, EVP Thomas C. Indelicarto sold 2,456 shares of VeriSign stock in a transaction that occurred on Friday, September 27th. The shares were sold at an average price of $190.00, for a total value of $466,640.00. Following the completion of the sale, the executive vice president now directly owns 34,821 shares in the company, valued at $6,615,990. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Thomas C. Indelicarto sold 1,228 shares of the business’s stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $190.00, for a total transaction 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. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.84% 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.