Dai ichi Life Insurance Company Ltd Sells 4,127 Shares of VeriSign, Inc. (NASDAQ:VRSN)

Dai ichi Life Insurance Company Ltd lowered its stake in shares of VeriSign, Inc. (NASDAQ:VRSN) by 15.4% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 22,697 shares of the information services provider’s stock after selling 4,127 shares during the quarter. Dai ichi Life Insurance Company Ltd’s holdings in VeriSign were worth $4,312,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Janus Henderson Group PLC increased its holdings in shares of VeriSign by 99.1% during the first quarter. Janus Henderson Group PLC now owns 24,199 shares of the information services provider’s stock valued at $4,585,000 after acquiring an additional 12,042 shares in the last quarter. KBC Group NV increased its holdings in shares of VeriSign by 56.3% during the third quarter. KBC Group NV now owns 17,495 shares of the information services provider’s stock valued at $3,323,000 after acquiring an additional 6,303 shares in the last quarter. Prudential PLC boosted its position in VeriSign by 50.4% in the second quarter. Prudential PLC now owns 69,563 shares of the information services provider’s stock valued at $12,368,000 after buying an additional 23,306 shares during the last quarter. Ibex Investors LLC purchased a new stake in VeriSign in the second quarter valued at approximately $622,000. Finally, Asset Management Advisors LLC purchased a new stake in VeriSign in the second quarter valued at approximately $5,071,000. Institutional investors and hedge funds own 92.90% of the company’s stock.

VeriSign Stock Up 1.8 %

Shares of NASDAQ VRSN opened at $185.16 on Wednesday. The business’s 50 day moving average price is $183.87 and its 200 day moving average price is $180.27. The firm has a market cap of $17.79 billion, a P/E ratio of 21.53 and a beta of 0.91. VeriSign, Inc. has a 52 week low of $167.04 and a 52 week high of $220.91.

VeriSign (NASDAQ:VRSN) last issued its earnings results on Thursday, October 24th. The information services provider reported $2.07 EPS for the quarter, beating analysts’ consensus estimates of $2.01 by $0.06. The firm had revenue of $390.60 million for the quarter, compared to analyst estimates of $390.19 million. VeriSign had a negative return on equity of 45.59% and a net margin of 55.74%. VeriSign’s revenue for the quarter was up 3.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.83 earnings per share.

Insider Activity at VeriSign

In other VeriSign news, EVP Thomas C. Indelicarto sold 2,456 shares of the company’s stock in a transaction that occurred 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 in the company, valued at approximately $6,615,990. This represents a 6.59 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 0.84% of the stock is owned by 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.