Assetmark Inc. Raises Stock Position in VeriSign, Inc. (NASDAQ:VRSN)

Assetmark Inc. increased its position in shares of VeriSign, Inc. (NASDAQ:VRSN) by 12.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,322 shares of the information services provider’s stock after acquiring an additional 151 shares during the period. Assetmark Inc.’s holdings in VeriSign were worth $251,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Larson Financial Group LLC raised its holdings in shares of VeriSign by 4.0% in the second quarter. Larson Financial Group LLC now owns 1,852 shares of the information services provider’s stock valued at $329,000 after buying an additional 71 shares during the last quarter. V Square Quantitative Management LLC increased its stake in VeriSign by 6.7% during the second quarter. V Square Quantitative Management LLC now owns 1,172 shares of the information services provider’s stock worth $208,000 after acquiring an additional 74 shares during the last quarter. Gateway Advisory LLC boosted its position in VeriSign by 5.6% during the 2nd quarter. Gateway Advisory LLC now owns 1,538 shares of the information services provider’s stock worth $273,000 after purchasing an additional 81 shares during the period. Profund Advisors LLC boosted its stake in shares of VeriSign by 4.8% in the second quarter. Profund Advisors LLC now owns 1,794 shares of the information services provider’s stock valued at $319,000 after purchasing an additional 82 shares during the period. Finally, Sivia Capital Partners LLC boosted its stake in shares of VeriSign by 6.5% during the 3rd quarter. Sivia Capital Partners LLC now owns 1,363 shares of the information services provider’s stock valued at $259,000 after buying an additional 83 shares during the last quarter. 92.90% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, EVP Thomas C. Indelicarto sold 1,228 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the executive vice president now directly owns 33,593 shares in the company, valued at approximately $6,382,670. The trade was a 3.53 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.84% of the stock is owned by corporate insiders.

VeriSign Trading Down 1.9 %

Shares of VeriSign stock opened at $180.88 on Friday. The business’s 50 day simple moving average is $183.91 and its 200-day simple moving average is $179.53. The stock has a market capitalization of $17.38 billion, a price-to-earnings ratio of 21.03 and a beta of 0.91. VeriSign, Inc. has a twelve month low of $167.04 and a twelve month high of $220.91.

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

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.