Tokio Marine Asset Management Co. Ltd. Has $425,000 Position in VeriSign, Inc. (NASDAQ:VRSN)

Tokio Marine Asset Management Co. Ltd. lifted its holdings in VeriSign, Inc. (NASDAQ:VRSN) by 21.8% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 2,238 shares of the information services provider’s stock after purchasing an additional 400 shares during the quarter. Tokio Marine Asset Management Co. Ltd.’s holdings in VeriSign were worth $425,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the business. Troy Asset Management Ltd bought a new position in VeriSign in the second quarter valued at approximately $109,040,000. Mackenzie Financial Corp boosted its stake in VeriSign by 836.8% in the 2nd quarter. Mackenzie Financial Corp now owns 473,187 shares of the information services provider’s stock worth $84,133,000 after purchasing an additional 422,676 shares during the period. Diamond Hill Capital Management Inc. bought a new position in VeriSign during the 2nd quarter worth about $67,914,000. Canoe Financial LP acquired a new stake in shares of VeriSign in the 3rd quarter valued at about $46,455,000. Finally, AQR Capital Management LLC lifted its holdings in shares of VeriSign by 44.5% in the second quarter. AQR Capital Management LLC now owns 788,687 shares of the information services provider’s stock valued at $139,771,000 after purchasing an additional 242,884 shares in the last quarter. 92.90% of the stock is owned by institutional investors.

VeriSign Price Performance

VRSN stock opened at $180.88 on Friday. The business has a 50-day moving average of $183.91 and a 200-day moving average of $179.53. VeriSign, Inc. has a fifty-two week low of $167.04 and a fifty-two week high of $220.91. The stock has a market capitalization of $17.38 billion, a P/E ratio of 21.03 and a beta of 0.91.

VeriSign (NASDAQ:VRSN) last issued its quarterly 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 company had revenue of $390.60 million during 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 business’s quarterly revenue was up 3.8% on a year-over-year basis. During the same period last year, the business earned $1.83 EPS.

Insider Buying and Selling at VeriSign

In other VeriSign news, EVP Thomas C. Indelicarto sold 1,228 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the executive vice president now directly owns 33,593 shares in the company, valued at $6,382,670. This trade represents a 3.53 % 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. Company 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.