Swiss National Bank Sells 2,700 Shares of VeriSign, Inc. (NASDAQ:VRSN)

Swiss National Bank decreased its stake in VeriSign, Inc. (NASDAQ:VRSN) by 1.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 266,100 shares of the information services provider’s stock after selling 2,700 shares during the period. Swiss National Bank’s holdings in VeriSign were worth $50,548,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in VRSN. Blue Trust Inc. grew its position in 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 acquiring an additional 131 shares in the last quarter. UMB Bank n.a. boosted its holdings in shares of VeriSign by 117.2% in the 2nd quarter. UMB Bank n.a. now owns 202 shares of the information services provider’s stock worth $36,000 after purchasing an additional 109 shares in the last quarter. Rothschild Investment LLC bought a new position in shares of VeriSign during the 2nd quarter valued at about $38,000. Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of VeriSign during the 2nd quarter valued at about $39,000. Finally, Concord Wealth Partners lifted its position in VeriSign by 93.2% in the 3rd quarter. Concord Wealth Partners now owns 226 shares of the information services provider’s stock worth $43,000 after buying an additional 109 shares during the last quarter. Hedge funds and other institutional investors own 92.90% of the company’s stock.

Insider Transactions at VeriSign

In other VeriSign news, EVP Thomas C. Indelicarto sold 1,228 shares of the firm’s stock in a transaction on Tuesday, October 15th. The shares were 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.84% of the company’s stock.

VeriSign Price Performance

Shares of NASDAQ VRSN opened at $181.41 on Thursday. The stock has a market capitalization of $17.43 billion, a P/E ratio of 21.09 and a beta of 0.91. VeriSign, Inc. has a one year low of $167.04 and a one year high of $220.91. The firm’s 50 day simple moving average is $183.78 and its two-hundred day simple moving average is $179.82.

VeriSign (NASDAQ:VRSN) last released its earnings results on Thursday, October 24th. The information services provider reported $2.07 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 analyst estimates of $390.19 million. VeriSign had a net margin of 55.74% and a negative return on equity of 45.59%. The firm’s quarterly revenue was up 3.8% compared to the same quarter last year. During the same quarter last year, the firm earned $1.83 EPS.

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.