Centiva Capital LP Purchases 2,996 Shares of VeriSign, Inc. (NASDAQ:VRSN)

Centiva Capital LP lifted its position in shares of VeriSign, Inc. (NASDAQ:VRSN) by 90.9% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 6,292 shares of the information services provider’s stock after acquiring an additional 2,996 shares during the quarter. Centiva Capital LP’s holdings in VeriSign were worth $1,195,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. D. E. Shaw & Co. Inc. grew its stake in shares of VeriSign by 0.8% during the 2nd quarter. D. E. Shaw & Co. Inc. now owns 1,472,803 shares of the information services provider’s stock worth $261,864,000 after acquiring an additional 11,606 shares during the period. Liontrust Investment Partners LLP boosted its stake in VeriSign by 5.8% in the 2nd quarter. Liontrust Investment Partners LLP now owns 881,366 shares of the information services provider’s stock worth $156,707,000 after purchasing an additional 48,344 shares during the period. AQR Capital Management LLC boosted its stake in VeriSign by 44.5% in the 2nd quarter. AQR Capital Management LLC now owns 788,687 shares of the information services provider’s stock worth $139,771,000 after purchasing an additional 242,884 shares during the period. TD Asset Management Inc boosted its stake in VeriSign by 2.6% in the 2nd quarter. TD Asset Management Inc now owns 660,191 shares of the information services provider’s stock worth $117,382,000 after purchasing an additional 17,018 shares during the period. Finally, Bank of New York Mellon Corp boosted its stake in VeriSign by 0.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 652,346 shares of the information services provider’s stock worth $115,987,000 after purchasing an additional 3,684 shares during the period. Institutional investors own 92.90% of the company’s stock.

VeriSign Stock Down 0.5 %

Shares of NASDAQ VRSN opened at $187.00 on Thursday. VeriSign, Inc. has a 52 week low of $167.04 and a 52 week high of $220.91. The business has a 50-day simple moving average of $184.80 and a two-hundred day simple moving average of $181.01. The company has a market cap of $17.97 billion, a P/E ratio of 21.74 and a beta of 0.92.

VeriSign (NASDAQ:VRSN) last issued its earnings results on Thursday, October 24th. The information services provider reported $2.07 EPS for the quarter, topping 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 the consensus estimate of $390.19 million. During the same quarter last year, the company earned $1.83 EPS. The firm’s revenue was up 3.8% compared to the same quarter last year.

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 dated 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 $6,382,670. This trade represents a 3.53 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Danny R. Mcpherson sold 2,092 shares of the firm’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $192.43, for a total value of $402,563.56. Following the completion of the sale, the executive vice president now directly owns 26,157 shares in the company, valued at approximately $5,033,391.51. The trade was a 7.41 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 5,776 shares of company stock valued at $1,102,524 in the last 90 days. Corporate insiders own 0.84% of the company’s stock.

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.