VeriSign, Inc. (NASDAQ:VRSN) Stake Lowered by Concurrent Investment Advisors LLC

Concurrent Investment Advisors LLC decreased its stake in VeriSign, Inc. (NASDAQ:VRSN) by 7.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,437 shares of the information services provider’s stock after selling 111 shares during the period. Concurrent Investment Advisors LLC’s holdings in VeriSign were worth $273,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. D. E. Shaw & Co. Inc. lifted its stake in VeriSign by 0.8% in the second quarter. D. E. Shaw & Co. Inc. now owns 1,472,803 shares of the information services provider’s stock valued at $261,864,000 after buying an additional 11,606 shares during the last quarter. Liontrust Investment Partners LLP lifted its position in VeriSign by 5.8% in the 2nd quarter. Liontrust Investment Partners LLP now owns 881,366 shares of the information services provider’s stock valued at $156,707,000 after purchasing an additional 48,344 shares during the last quarter. Lazard Asset Management LLC boosted its stake in VeriSign by 6.7% during the 1st quarter. Lazard Asset Management LLC now owns 793,507 shares of the information services provider’s stock valued at $150,376,000 after purchasing an additional 49,967 shares during the period. AQR Capital Management LLC grew its position in VeriSign by 44.5% in the 2nd quarter. AQR Capital Management LLC now owns 788,687 shares of the information services provider’s stock worth $139,771,000 after purchasing an additional 242,884 shares during the last quarter. Finally, TD Asset Management Inc increased its stake in shares of VeriSign by 2.6% in the second quarter. TD Asset Management Inc now owns 660,191 shares of the information services provider’s stock valued at $117,382,000 after purchasing an additional 17,018 shares during the period. Institutional investors and hedge funds own 92.90% of the company’s stock.

VeriSign Trading Up 0.8 %

VRSN opened at $185.10 on Tuesday. The business’s 50 day moving average is $183.90 and its 200-day moving average is $179.34. The stock has a market cap of $17.79 billion, a PE ratio of 21.49 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 for the quarter, beating the consensus estimate of $2.01 by $0.06. VeriSign had a negative return on equity of 45.59% and a net margin of 55.74%. The firm had revenue of $390.60 million for the quarter, compared to the consensus estimate of $390.19 million. During the same quarter in the previous year, the business earned $1.83 EPS. The firm’s revenue for the quarter was up 3.8% on a year-over-year basis.

Insider Buying and Selling

In related news, EVP Thomas C. Indelicarto sold 2,456 shares of the stock in a transaction dated Friday, September 27th. The shares were sold at an average price of $190.00, for a total value of $466,640.00. Following the completion of the transaction, the executive vice president now owns 34,821 shares in the company, valued at $6,615,990. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, EVP Thomas C. Indelicarto sold 1,228 shares of the business’s 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 sale, the executive vice president now owns 33,593 shares of the company’s stock, valued at approximately $6,382,670. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Thomas C. Indelicarto sold 2,456 shares of the company’s stock in a transaction on Friday, September 27th. The shares were sold at an average price of $190.00, for a total value 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 approximately $6,615,990. This trade 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 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.