VeriSign, Inc. (NASDAQ:VRSN) Shares Purchased by Captrust Financial Advisors

Captrust Financial Advisors lifted its stake in VeriSign, Inc. (NASDAQ:VRSN - Free Report) by 18.2% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 17,441 shares of the information services provider's stock after buying an additional 2,687 shares during the quarter. Captrust Financial Advisors' holdings in VeriSign were worth $3,313,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of VRSN. BNP Paribas Financial Markets raised its holdings in shares of VeriSign by 26.3% during the third quarter. BNP Paribas Financial Markets now owns 580,613 shares of the information services provider's stock valued at $110,293,000 after acquiring an additional 120,958 shares during the last quarter. KBC Group NV increased its holdings in shares of VeriSign by 56.3% in the third quarter. KBC Group NV now owns 17,495 shares of the information services provider's stock valued at $3,323,000 after purchasing an additional 6,303 shares during the last quarter. Prudential PLC increased its holdings in shares of VeriSign by 50.4% in the second quarter. Prudential PLC now owns 69,563 shares of the information services provider's stock valued at $12,368,000 after purchasing an additional 23,306 shares during the last quarter. Ibex Investors LLC purchased a new position in VeriSign in the second quarter worth approximately $622,000. Finally, Asset Management Advisors LLC purchased a new stake in VeriSign in the second quarter valued at $5,071,000. Hedge funds and other institutional investors own 92.90% of the company's stock.

VeriSign Stock Down 0.5 %

NASDAQ:VRSN traded down $0.99 on Thursday, reaching $187.00. The company's stock had a trading volume of 505,787 shares, compared to its average volume of 634,184. VeriSign, Inc. has a 12-month low of $167.04 and a 12-month high of $220.91. The firm has a market cap of $17.97 billion, a price-to-earnings ratio of 21.74 and a beta of 0.92. The stock has a 50 day moving average price of $184.80 and a 200 day moving average price of $181.01.

VeriSign (NASDAQ:VRSN - Get Free Report) last posted its earnings results on Thursday, October 24th. The information services provider reported $2.07 EPS for the quarter, beating analysts' consensus estimates of $2.01 by $0.06. VeriSign had a negative return on equity of 45.59% and a net margin of 55.74%. The company 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 earnings per share. The company's revenue for the quarter was up 3.8% on a year-over-year basis.

Insiders Place Their Bets

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

VeriSign Company 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.