ING Groep NV Lowers Stock Position in VeriSign, Inc. (NASDAQ:VRSN)

ING Groep NV reduced its stake in VeriSign, Inc. (NASDAQ:VRSN - Free Report) by 25.6% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 113,726 shares of the information services provider's stock after selling 39,034 shares during the period. ING Groep NV owned approximately 0.12% of VeriSign worth $21,603,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Empowered Funds LLC bought a new position in VeriSign during the 1st quarter valued at about $223,000. Sei Investments Co. grew its holdings in VeriSign by 133.6% during the 1st quarter. Sei Investments Co. now owns 37,213 shares of the information services provider's stock valued at $7,052,000 after purchasing an additional 21,285 shares during the last quarter. ProShare Advisors LLC grew its holdings in VeriSign by 0.3% during the 1st quarter. ProShare Advisors LLC now owns 21,513 shares of the information services provider's stock valued at $4,077,000 after purchasing an additional 62 shares during the last quarter. State Board of Administration of Florida Retirement System grew its holdings in VeriSign by 24.7% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 122,650 shares of the information services provider's stock valued at $23,243,000 after purchasing an additional 24,283 shares during the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in VeriSign by 21.8% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 107,224 shares of the information services provider's stock valued at $20,320,000 after purchasing an additional 19,215 shares during the last quarter. 92.90% of the stock is currently owned by institutional investors.

Insider Buying and Selling at VeriSign

In other news, EVP Thomas C. Indelicarto sold 2,456 shares of the company's stock in a transaction that occurred on Friday, September 27th. The shares were sold at an average price of $190.00, for a total value of $466,640.00. Following the completion of the sale, the executive vice president now owns 34,821 shares of the company's stock, valued at approximately $6,615,990. This represents a 6.59 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.84% of the stock is owned by corporate insiders.

VeriSign Stock Performance

VeriSign stock traded down $3.48 during trading hours on Friday, hitting $180.88. The company had a trading volume of 666,744 shares, compared to its average volume of 663,087. The firm has a market cap of $17.38 billion, a P/E ratio of 21.41 and a beta of 0.91. VeriSign, Inc. has a 1 year low of $167.04 and a 1 year high of $220.91. The company has a 50-day moving average price of $183.92 and a two-hundred day moving average price of $179.49.

VeriSign (NASDAQ:VRSN - Get Free Report) last released its quarterly earnings data on Thursday, October 24th. The information services provider reported $2.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.01 by $0.06. The company had revenue of $390.60 million during the quarter, compared to analysts' expectations of $390.19 million. VeriSign had a net margin of 55.74% and a negative return on equity of 45.59%. The firm's quarterly revenue was up 3.8% on a year-over-year basis. During the same period in the previous year, the company earned $1.83 EPS.

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.