Mediolanum International Funds Ltd Grows Stock Holdings in VeriSign, Inc. (NASDAQ:VRSN)

Mediolanum International Funds Ltd boosted its stake in VeriSign, Inc. (NASDAQ:VRSN - Free Report) by 31.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 67,916 shares of the information services provider's stock after acquiring an additional 16,331 shares during the period. Mediolanum International Funds Ltd owned 0.07% of VeriSign worth $12,926,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the stock. Mitsubishi UFJ Asset Management Co. Ltd. raised its position in shares of VeriSign by 21.8% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 107,224 shares of the information services provider's stock worth $20,320,000 after acquiring an additional 19,215 shares in the last quarter. Sei Investments Co. grew its position in shares of VeriSign by 133.6% in the 1st quarter. Sei Investments Co. now owns 37,213 shares of the information services provider's stock worth $7,052,000 after buying an additional 21,285 shares during the period. SG Americas Securities LLC increased its stake in shares of VeriSign by 21.5% in the 1st quarter. SG Americas Securities LLC now owns 53,602 shares of the information services provider's stock worth $10,158,000 after acquiring an additional 9,487 shares in the last quarter. Oppenheimer Asset Management Inc. purchased a new position in VeriSign during the 1st quarter valued at about $1,494,000. Finally, Janus Henderson Group PLC lifted its position in VeriSign by 99.1% during the 1st quarter. Janus Henderson Group PLC now owns 24,199 shares of the information services provider's stock valued at $4,585,000 after acquiring an additional 12,042 shares during the period. 92.90% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, EVP Thomas C. Indelicarto sold 3,684 shares of the company's stock in a transaction dated Monday, July 29th. The shares were sold at an average price of $190.00, for a total value of $699,960.00. Following the transaction, the executive vice president now owns 37,774 shares in the company, valued at $7,177,060. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, EVP Thomas C. Indelicarto sold 3,684 shares of the firm's stock in a transaction that occurred on Monday, July 29th. The shares were sold at an average price of $190.00, for a total transaction of $699,960.00. Following the completion of the sale, the executive vice president now owns 37,774 shares of the company's stock, valued at $7,177,060. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Thomas C. Indelicarto sold 1,228 shares of the company'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 value 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 $6,382,670. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 7,368 shares of company stock worth $1,399,920 over the last three months. 0.84% of the stock is currently owned by corporate insiders.

VeriSign Stock Down 2.1 %

Shares of NASDAQ VRSN traded down $3.86 on Friday, reaching $181.26. 951,077 shares of the company's stock traded hands, compared to its average volume of 661,665. The business's 50 day simple moving average is $184.10 and its two-hundred day simple moving average is $179.77. VeriSign, Inc. has a 12 month low of $167.04 and a 12 month high of $220.91. The company has a market cap of $18.05 billion, a price-to-earnings ratio of 22.27 and a beta of 0.90.

VeriSign (NASDAQ:VRSN - Get Free Report) last posted its quarterly earnings data 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. The company had revenue of $390.60 million during the quarter, compared to analyst estimates of $390.19 million. VeriSign had a negative return on equity of 46.63% and a net margin of 55.40%. The firm's revenue for the quarter was up 3.8% on a year-over-year basis. During the same quarter last 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.