Centiva Capital LP Raises Position in VeriSign, Inc. (NASDAQ:VRSN)

Centiva Capital LP boosted its position in shares of VeriSign, Inc. (NASDAQ:VRSN - Free Report) by 90.9% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 6,292 shares of the information services provider's stock after acquiring an additional 2,996 shares during the quarter. Centiva Capital LP's holdings in VeriSign were worth $1,195,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the company. Empirical Finance LLC boosted its stake in shares of VeriSign by 1.9% during the 3rd quarter. Empirical Finance LLC now owns 3,038 shares of the information services provider's stock worth $577,000 after acquiring an additional 57 shares during the last quarter. West Family Investments Inc. increased its position in VeriSign by 3.9% in the third quarter. West Family Investments Inc. now owns 1,537 shares of the information services provider's stock worth $292,000 after buying an additional 57 shares in the last quarter. Larson Financial Group LLC raised its stake in shares of VeriSign by 4.0% in the second quarter. Larson Financial Group LLC now owns 1,852 shares of the information services provider's stock worth $329,000 after buying an additional 71 shares during the period. V Square Quantitative Management LLC lifted its position in shares of VeriSign by 6.7% during the 2nd quarter. V Square Quantitative Management LLC now owns 1,172 shares of the information services provider's stock valued at $208,000 after buying an additional 74 shares in the last quarter. Finally, Gateway Advisory LLC grew its stake in shares of VeriSign by 5.6% during the 2nd quarter. Gateway Advisory LLC now owns 1,538 shares of the information services provider's stock valued at $273,000 after acquiring an additional 81 shares during the period. Institutional investors own 92.90% of the company's stock.

Insider Transactions at VeriSign

In other news, EVP Danny R. Mcpherson sold 2,092 shares of the stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $192.43, for a total transaction of $402,563.56. Following the completion of the transaction, the executive vice president now directly owns 26,157 shares in the company, valued at approximately $5,033,391.51. This represents a 7.41 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 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 3.53 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 5,776 shares of company stock valued at $1,102,524 over the last 90 days. Company insiders own 0.84% of the company's stock.

VeriSign Trading Up 1.0 %

NASDAQ VRSN traded up $1.96 on Thursday, reaching $188.96. 583,362 shares of the stock were exchanged, compared to its average volume of 663,727. VeriSign, Inc. has a one year low of $167.04 and a one year high of $220.91. The firm has a market capitalization of $18.16 billion, a PE ratio of 21.74 and a beta of 0.92. The company's 50-day simple moving average is $184.80 and its two-hundred day simple moving average is $181.01.

VeriSign (NASDAQ:VRSN - Get Free Report) last released its earnings results 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. VeriSign had a net margin of 55.74% and a negative return on equity of 45.59%. The company had revenue of $390.60 million for the quarter, compared to analysts' expectations of $390.19 million. During the same quarter in the previous year, the company earned $1.83 EPS. VeriSign's revenue for the quarter was up 3.8% on a year-over-year basis.

About VeriSign

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.