Sumitomo Mitsui DS Asset Management Company Ltd Sells 166 Shares of VeriSign, Inc. (NASDAQ:VRSN)

Sumitomo Mitsui DS Asset Management Company Ltd trimmed its position in VeriSign, Inc. (NASDAQ:VRSN) by 1.5% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 11,196 shares of the information services provider’s stock after selling 166 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in VeriSign were worth $2,127,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Blue Trust Inc. lifted its position in shares of VeriSign by 291.1% in the second quarter. Blue Trust Inc. now owns 176 shares of the information services provider’s stock worth $33,000 after purchasing an additional 131 shares in the last quarter. UMB Bank n.a. boosted its stake in shares of VeriSign by 117.2% during the 2nd quarter. UMB Bank n.a. now owns 202 shares of the information services provider’s stock worth $36,000 after buying an additional 109 shares during the last quarter. Rothschild Investment LLC bought a new position in shares of VeriSign in the 2nd quarter valued at about $38,000. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of VeriSign in the second quarter valued at about $39,000. Finally, Tobam raised its holdings in VeriSign by 61.1% during the third quarter. Tobam now owns 311 shares of the information services provider’s stock worth $59,000 after acquiring an additional 118 shares in the last quarter. 92.90% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Robert W. Baird restated a “neutral” rating and issued a $200.00 price target on shares of VeriSign in a research note on Thursday, June 27th.

VeriSign Price Performance

Shares of VRSN opened at $187.17 on Tuesday. The company has a market cap of $18.64 billion, a PE ratio of 22.99 and a beta of 0.90. The firm has a 50-day moving average of $183.46 and a 200-day moving average of $179.74. VeriSign, Inc. has a one year low of $167.04 and a one year high of $220.91.

VeriSign (NASDAQ:VRSN) last posted its quarterly earnings results on Thursday, July 25th. The information services provider reported $2.01 EPS for the quarter, topping analysts’ consensus estimates of $1.93 by $0.08. The business had revenue of $387.10 million during the quarter, compared to analysts’ expectations of $385.80 million. VeriSign had a negative return on equity of 46.63% and a net margin of 55.40%. VeriSign’s quarterly revenue was up 4.1% on a year-over-year basis. During the same quarter last year, the company posted $1.79 earnings per share.

Insider Buying and Selling

In other VeriSign news, EVP Thomas C. Indelicarto sold 2,456 shares of the firm’s stock in a transaction on Friday, September 27th. The stock was sold at an average price of $190.00, for a total transaction of $466,640.00. Following the completion of the sale, the executive vice president now owns 34,821 shares of the company’s stock, valued at $6,615,990. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other VeriSign news, EVP Thomas C. Indelicarto sold 3,684 shares of the stock in a transaction dated Monday, July 29th. The shares were sold at an average price of $190.00, for a total value of $699,960.00. Following the transaction, the executive vice president now directly owns 37,774 shares of the company’s stock, valued at $7,177,060. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Thomas C. Indelicarto sold 2,456 shares of the firm’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 transaction of $466,640.00. Following the sale, the executive vice president now owns 34,821 shares of the company’s stock, valued at $6,615,990. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 7,368 shares of company stock valued at $1,399,920. 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.