187,750 Shares in VeriSign, Inc. (NASDAQ:VRSN) Acquired by Point72 Asset Management L.P.

Point72 Asset Management L.P. bought a new position in shares of VeriSign, Inc. (NASDAQ:VRSN - Free Report) in the third quarter, according to the company in its most recent filing with the SEC. The firm bought 187,750 shares of the information services provider's stock, valued at approximately $35,665,000. Point72 Asset Management L.P. owned approximately 0.20% of VeriSign as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in VRSN. Blue Trust Inc. grew its holdings in VeriSign by 291.1% during the 2nd quarter. Blue Trust Inc. now owns 176 shares of the information services provider's stock worth $33,000 after acquiring an additional 131 shares during the last quarter. UMB Bank n.a. raised its position in 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 during the last quarter. Rothschild Investment LLC acquired a new position in VeriSign during the 2nd quarter worth $38,000. Migdal Insurance & Financial Holdings Ltd. bought a new position in VeriSign in the 2nd quarter valued at $39,000. Finally, Concord Wealth Partners increased its stake in shares of VeriSign by 93.2% in the 3rd quarter. Concord Wealth Partners now owns 226 shares of the information services provider's stock valued at $43,000 after buying an additional 109 shares during the period. 92.90% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, EVP Danny R. Mcpherson sold 2,092 shares of the stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $192.43, for a total value of $402,563.56. Following the sale, the executive vice president now directly owns 26,157 shares in the company, valued at $5,033,391.51. This trade represents a 7.41 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Thomas C. Indelicarto sold 1,228 shares of the business's stock in a transaction that occurred 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 transaction, the executive vice president now owns 33,593 shares of the company's stock, valued at approximately $6,382,670. This represents a 3.53 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 5,776 shares of company stock valued at $1,102,524. Company insiders own 0.84% of the company's stock.

VeriSign Price Performance

Shares of VRSN stock traded up $2.18 on Friday, reaching $191.14. 441,368 shares of the stock were exchanged, compared to its average volume of 662,784. VeriSign, Inc. has a one year low of $167.04 and a one year high of $220.91. The stock has a market cap of $18.37 billion, a PE ratio of 22.23 and a beta of 0.92. The stock has a 50 day moving average price of $184.86 and a 200 day moving average price of $181.19.

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, topping 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 during the quarter, compared to analysts' expectations of $390.19 million. During the same period in the previous year, the business posted $1.83 EPS. The company's quarterly revenue was up 3.8% compared to the same quarter last year.

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.