First Trust Direct Indexing L.P. Has $303,000 Stock Holdings in VeriSign, Inc. (NASDAQ:VRSN)

First Trust Direct Indexing L.P. lowered its holdings in VeriSign, Inc. (NASDAQ:VRSN) by 40.4% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,597 shares of the information services provider’s stock after selling 1,083 shares during the quarter. First Trust Direct Indexing L.P.’s holdings in VeriSign were worth $303,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the business. abrdn plc boosted its position in shares of VeriSign by 24.2% in the third quarter. abrdn plc now owns 23,623 shares of the information services provider’s stock valued at $4,477,000 after acquiring an additional 4,599 shares during the period. Pallas Capital Advisors LLC boosted its holdings in VeriSign by 84.7% in the 3rd quarter. Pallas Capital Advisors LLC now owns 5,991 shares of the information services provider’s stock valued at $1,109,000 after purchasing an additional 2,747 shares during the period. Patriot Financial Group Insurance Agency LLC acquired a new stake in VeriSign in the 3rd quarter worth $257,000. Concord Wealth Partners increased its holdings in shares of VeriSign by 93.2% during the 3rd quarter. Concord Wealth Partners now owns 226 shares of the information services provider’s stock worth $43,000 after purchasing an additional 109 shares during the period. Finally, Canoe Financial LP acquired a new position in shares of VeriSign during the third quarter valued at about $46,455,000. 92.90% of the stock is owned by institutional investors.

Insider Activity

In other 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 sale, the executive vice president now directly owns 33,593 shares in the company, valued at approximately $6,382,670. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other VeriSign news, EVP Thomas C. Indelicarto sold 2,456 shares of VeriSign 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 transaction, the executive vice president now directly owns 34,821 shares of the company’s stock, valued at approximately $6,615,990. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Thomas C. Indelicarto sold 1,228 shares of the business’s stock in a transaction on 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 sale, the executive vice president now owns 33,593 shares in the company, valued at $6,382,670. 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 Stock Performance

NASDAQ VRSN opened at $177.86 on Tuesday. VeriSign, Inc. has a twelve month low of $167.04 and a twelve month high of $220.91. The stock has a market cap of $17.09 billion, a PE ratio of 20.68 and a beta of 0.91. The firm has a 50-day simple moving average of $183.77 and a 200 day simple moving average of $179.37.

VeriSign (NASDAQ:VRSN) last announced its quarterly earnings data on Thursday, October 24th. The information services provider reported $2.07 earnings per share for the quarter, topping 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 negative return on equity of 45.59% and a net margin of 55.74%. VeriSign’s revenue for the quarter was up 3.8% compared to the same quarter last year. During the same quarter last year, the firm 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.