VeriSign, Inc. (NASDAQ:VRSN) Shares Acquired by Vinva Investment Management Ltd

Vinva Investment Management Ltd grew its position in VeriSign, Inc. (NASDAQ:VRSN) by 18.9% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 11,402 shares of the information services provider’s stock after acquiring an additional 1,811 shares during the quarter. Vinva Investment Management Ltd’s holdings in VeriSign were worth $2,174,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of VRSN. Janus Henderson Group PLC raised its stake in VeriSign by 99.1% during the 1st 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 during the last quarter. BNP Paribas Financial Markets lifted its stake in shares of VeriSign by 26.3% in the 3rd quarter. BNP Paribas Financial Markets now owns 580,613 shares of the information services provider’s stock worth $110,293,000 after acquiring an additional 120,958 shares during the period. KBC Group NV boosted its holdings in shares of VeriSign by 56.3% in 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 increased its stake in shares of VeriSign by 50.4% during the second quarter. Prudential PLC now owns 69,563 shares of the information services provider’s stock worth $12,368,000 after acquiring an additional 23,306 shares during the period. Finally, Ibex Investors LLC purchased a new position in VeriSign during the second quarter worth about $622,000. 92.90% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other VeriSign 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 sale, the executive vice president now owns 33,593 shares of the company’s stock, valued at approximately $6,382,670. This 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 accessible through the SEC website. 0.84% of the stock is currently owned by company insiders.

VeriSign Stock Down 2.3 %

Shares of NASDAQ:VRSN opened at $187.18 on Friday. The company has a 50-day moving average price of $184.42 and a 200 day moving average price of $180.54. VeriSign, Inc. has a 52 week low of $167.04 and a 52 week high of $220.91. The company has a market cap of $17.99 billion, a P/E ratio of 21.77 and a beta of 0.91.

VeriSign (NASDAQ:VRSN) last posted its quarterly earnings results on Thursday, October 24th. The information services provider reported $2.07 EPS for the quarter, beating the consensus estimate of $2.01 by $0.06. VeriSign had a negative return on equity of 45.59% and a net margin of 55.74%. The business had revenue of $390.60 million during the quarter, compared to analysts’ expectations of $390.19 million. The company’s quarterly revenue was up 3.8% compared to the same quarter last year. During the same period last year, the firm earned $1.83 EPS.

About VeriSign

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.