VeriSign, Inc. (NASDAQ:VRSN) Shares Sold by PDS Planning Inc

by · The Cerbat Gem

PDS Planning Inc cut its holdings in shares of VeriSign, Inc. (NASDAQ:VRSN – Free Report) by 7.2% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,126 shares of the information services provider’s stock after selling 87 shares during the quarter. PDS Planning Inc’s holdings in VeriSign were worth $214,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in VRSN. D. E. Shaw & Co. Inc. grew 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 worth $261,864,000 after purchasing an additional 11,606 shares in the last quarter. Liontrust Investment Partners LLP increased its holdings in shares of 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 acquiring an additional 48,344 shares during the last quarter. Lazard Asset Management LLC increased its holdings in shares of VeriSign by 6.7% in 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 acquiring an additional 49,967 shares during the last quarter. AQR Capital Management LLC raised its position in shares of VeriSign by 44.5% during the 2nd quarter. AQR Capital Management LLC now owns 788,687 shares of the information services provider’s stock valued at $139,771,000 after acquiring an additional 242,884 shares in the last quarter. Finally, TD Asset Management Inc lifted its stake in VeriSign by 2.6% during the second quarter. TD Asset Management Inc now owns 660,191 shares of the information services provider’s stock worth $117,382,000 after purchasing an additional 17,018 shares during the last quarter. 92.90% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, EVP Thomas C. Indelicarto sold 1,228 shares of the firm’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 sale, the executive vice president now owns 33,593 shares of the company’s stock, valued at approximately $6,382,670. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, EVP Thomas C. Indelicarto sold 1,228 shares of the stock in a transaction dated 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 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Thomas C. Indelicarto sold 2,456 shares of the business’s stock in a transaction dated Friday, September 27th. The shares were sold at an average price of $190.00, for a total transaction of $466,640.00. Following the transaction, the executive vice president now directly owns 34,821 shares of the company’s stock, valued at $6,615,990. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.84% of the company’s stock.

VeriSign Price Performance

VeriSign stock opened at $179.15 on Wednesday. The company has a market cap of $17.22 billion, a PE ratio of 20.83 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 company has a fifty day moving average price of $183.72 and a two-hundred day moving average price of $179.33.

VeriSign (NASDAQ:VRSN – Get Free Report) last announced its quarterly earnings data on Thursday, October 24th. The information services provider reported $2.07 earnings per share for the quarter, beating analysts’ consensus estimates of $2.01 by $0.06. The business had revenue of $390.60 million during 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 for the quarter was up 3.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.83 EPS.

About VeriSign

(Free Report)

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.

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