Fmr LLC Decreases Holdings in VeriSign, Inc. (NASDAQ:VRSN)

FMR LLC lessened its stake in VeriSign, Inc. (NASDAQ:VRSN - Free Report) by 2.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 676,550 shares of the information services provider's stock after selling 13,755 shares during the quarter. FMR LLC owned approximately 0.70% of VeriSign worth $128,517,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of VRSN. Troy Asset Management Ltd bought a new stake in VeriSign during the 2nd quarter valued at $109,040,000. Mackenzie Financial Corp increased its holdings in shares of VeriSign by 836.8% in the second quarter. Mackenzie Financial Corp now owns 473,187 shares of the information services provider's stock worth $84,133,000 after purchasing an additional 422,676 shares during the period. Diamond Hill Capital Management Inc. bought a new position in shares of VeriSign in the second quarter worth $67,914,000. Canoe Financial LP bought a new position in shares of VeriSign in the third quarter worth $46,455,000. Finally, AQR Capital Management LLC increased its holdings in shares of VeriSign by 44.5% in the second 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 period. Institutional investors own 92.90% of the company's stock.

Insiders Place Their Bets

In other news, EVP Thomas C. Indelicarto sold 1,228 shares of VeriSign 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 completion of the transaction, the executive vice president now directly owns 33,593 shares in the company, valued at approximately $6,382,670. This trade represents a 3.53 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Danny R. Mcpherson sold 2,092 shares of the business'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 transaction of $402,563.56. Following the completion of the transaction, the executive vice president now owns 26,157 shares of the company's stock, valued at approximately $5,033,391.51. The trade was a 7.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 5,776 shares of company stock worth $1,102,524 over the last three months. Company insiders own 0.84% of the company's stock.

VeriSign Trading Down 0.5 %

Shares of VeriSign stock traded down $0.99 during trading on Wednesday, hitting $187.00. The stock had a trading volume of 505,787 shares, compared to its average volume of 664,070. The firm has a market cap of $17.97 billion, a price-to-earnings ratio of 21.74 and a beta of 0.92. VeriSign, Inc. has a 12 month low of $167.04 and a 12 month high of $220.91. The business's 50-day moving average is $184.80 and its 200 day moving average is $181.01.

VeriSign (NASDAQ:VRSN - Get Free Report) last announced its earnings results on Thursday, October 24th. The information services provider reported $2.07 earnings per share (EPS) for the quarter, topping the consensus estimate 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 during the quarter, compared to analyst estimates of $390.19 million. During the same period in the previous year, the business earned $1.83 earnings per share. The firm'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.