Los Angeles Capital Management LLC Raises Stock Position in VeriSign, Inc. (NASDAQ:VRSN)

Los Angeles Capital Management LLC lifted its stake in VeriSign, Inc. (NASDAQ:VRSN) by 106.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 184,387 shares of the information services provider’s stock after buying an additional 94,917 shares during the period. Los Angeles Capital Management LLC’s holdings in VeriSign were worth $35,026,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of VRSN. Mitsubishi UFJ Asset Management Co. Ltd. increased its position in shares of VeriSign by 21.8% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 107,224 shares of the information services provider’s stock worth $20,320,000 after purchasing an additional 19,215 shares in the last quarter. Sei Investments Co. lifted its stake in VeriSign by 133.6% in the first quarter. Sei Investments Co. now owns 37,213 shares of the information services provider’s stock valued at $7,052,000 after buying an additional 21,285 shares during the last quarter. Oppenheimer Asset Management Inc. purchased a new stake in VeriSign in the 1st quarter valued at $1,494,000. Janus Henderson Group PLC boosted 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 worth $4,585,000 after purchasing an additional 12,042 shares during the period. Finally, Acadian Asset Management LLC grew its position in VeriSign by 7,443.1% during the 1st quarter. Acadian Asset Management LLC now owns 29,946 shares of the information services provider’s stock worth $5,673,000 after purchasing an additional 29,549 shares during the last quarter. 92.90% of the stock is currently owned by institutional investors and hedge funds.

VeriSign Stock Performance

Shares of NASDAQ:VRSN opened at $183.56 on Monday. The company has a 50-day simple moving average of $183.90 and a 200-day simple moving average of $179.38. The stock has a market capitalization of $17.64 billion, a price-to-earnings ratio of 21.34 and a beta of 0.91. VeriSign, Inc. has a one year low of $167.04 and a one year high of $220.91.

VeriSign (NASDAQ:VRSN) last released its earnings results on Thursday, October 24th. The information services provider reported $2.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.01 by $0.06. The business 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%. The company’s revenue for the quarter was up 3.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.83 earnings per share.

Insider Transactions at VeriSign

In other VeriSign 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 owns 33,593 shares in the company, valued at approximately $6,382,670. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 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 shares were sold at an average price of $190.00, for a total transaction of $233,320.00. Following the sale, the executive vice president now directly owns 33,593 shares of the company’s stock, valued at $6,382,670. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Thomas C. Indelicarto sold 2,456 shares of the business’s stock in a transaction that occurred on Friday, September 27th. The shares were sold at an average price of $190.00, for a total transaction of $466,640.00. Following the completion of the transaction, the executive vice president now directly owns 34,821 shares of the company’s stock, valued at approximately $6,615,990. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.84% of the company’s stock.

VeriSign Company 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.