VeriSign, Inc. (NASDAQ:VRSN) Stock Holdings Lifted by Asset Management Advisors LLC

Asset Management Advisors LLC lifted its position in shares of VeriSign, Inc. (NASDAQ:VRSN) by 0.5% during the third quarter, Holdings Channel reports. The institutional investor owned 28,670 shares of the information services provider’s stock after purchasing an additional 150 shares during the period. VeriSign makes up approximately 3.8% of Asset Management Advisors LLC’s investment portfolio, making the stock its 10th biggest position. Asset Management Advisors LLC’s holdings in VeriSign were worth $5,446,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of VRSN. GSA Capital Partners LLP bought a new stake in VeriSign in the 1st quarter valued at $558,000. Texas Permanent School Fund Corp increased its holdings in shares of VeriSign by 0.8% in the 1st quarter. Texas Permanent School Fund Corp now owns 18,204 shares of the information services provider’s stock worth $3,450,000 after buying an additional 144 shares during the last quarter. Empirical Finance LLC increased its holdings in shares of VeriSign by 3.4% in the 1st quarter. Empirical Finance LLC now owns 3,274 shares of the information services provider’s stock worth $620,000 after buying an additional 108 shares during the last quarter. Envestnet Portfolio Solutions Inc. increased its holdings in shares of VeriSign by 23.1% in the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 19,128 shares of the information services provider’s stock worth $3,625,000 after buying an additional 3,590 shares during the last quarter. Finally, Empowered Funds LLC bought a new stake in shares of VeriSign in the 1st quarter worth about $223,000. Hedge funds and other institutional investors own 92.90% of the company’s stock.

Insider Buying and Selling

In related news, EVP Thomas C. Indelicarto sold 1,228 shares of VeriSign stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $190.00, for a total transaction of $233,320.00. Following the completion of the transaction, the executive vice president now directly owns 33,593 shares of the company’s stock, valued at approximately $6,382,670. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other VeriSign news, EVP Thomas C. Indelicarto sold 2,456 shares of the business’s stock in a transaction dated 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 of the company’s stock, valued at $6,615,990. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Thomas C. Indelicarto sold 1,228 shares of the business’s stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $190.00, for a total transaction of $233,320.00. Following the completion of the sale, the executive vice president now directly owns 33,593 shares of the company’s stock, valued at approximately $6,382,670. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.84% of the stock is owned by corporate insiders.

VeriSign Price Performance

Shares of VeriSign stock traded down $2.40 during trading hours on Friday, reaching $183.56. The company’s stock had a trading volume of 467,396 shares, compared to its average volume of 687,509. The firm has a 50 day moving average price of $183.90 and a 200-day moving average price of $179.42. VeriSign, Inc. has a one year low of $167.04 and a one year high of $220.91. The stock has a market cap of $17.64 billion, a P/E ratio of 21.34 and a beta of 0.91.

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

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.