Connor Clark & Lunn Investment Management Ltd. Boosts Holdings in VeriSign, Inc. (NASDAQ:VRSN)

Connor Clark & Lunn Investment Management Ltd. lifted its stake in shares of VeriSign, Inc. (NASDAQ:VRSN) by 186.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,620 shares of the information services provider’s stock after acquiring an additional 2,355 shares during the period. Connor Clark & Lunn Investment Management Ltd.’s holdings in VeriSign were worth $688,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of VRSN. West Family Investments Inc. raised its stake in VeriSign by 3.9% during the third quarter. West Family Investments Inc. now owns 1,537 shares of the information services provider’s stock worth $292,000 after purchasing an additional 57 shares during the period. B. Metzler seel. Sohn & Co. Holding AG purchased a new position in shares of VeriSign in the 3rd quarter worth $392,000. Mawer Investment Management Ltd. raised its position in shares of VeriSign by 3.2% in the 3rd quarter. Mawer Investment Management Ltd. now owns 64,361 shares of the information services provider’s stock worth $12,226,000 after buying an additional 2,008 shares during the period. Quest Partners LLC boosted its holdings in VeriSign by 32.2% in the third quarter. Quest Partners LLC now owns 12,416 shares of the information services provider’s stock valued at $2,359,000 after acquiring an additional 3,027 shares during the last quarter. Finally, Thrivent Financial for Lutherans grew its position in VeriSign by 11.8% during the third quarter. Thrivent Financial for Lutherans now owns 75,740 shares of the information services provider’s stock valued at $14,388,000 after acquiring an additional 7,988 shares during the period. 92.90% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, EVP Thomas C. Indelicarto sold 1,228 shares of the stock in a transaction 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 sale, the executive vice president now directly owns 33,593 shares in the company, valued at approximately $6,382,670. This represents a 3.53 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.84% of the company’s stock.

VeriSign Price Performance

VeriSign stock opened at $191.63 on Friday. The company has a market cap of $18.42 billion, a price-to-earnings ratio of 22.28 and a beta of 0.91. VeriSign, Inc. has a 12 month low of $167.04 and a 12 month high of $220.91. The stock’s 50-day moving average is $184.30 and its 200-day moving average is $180.43.

VeriSign (NASDAQ:VRSN) last posted its quarterly 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. VeriSign had a net margin of 55.74% and a negative return on equity of 45.59%. The firm had revenue of $390.60 million for the quarter, compared to analyst estimates of $390.19 million. During the same quarter last year, the firm posted $1.83 earnings per share. VeriSign’s revenue for the quarter was up 3.8% compared to the same quarter last year.

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.