Creative Planning Purchases 4,850 Shares of VeriSign, Inc. (NASDAQ:VRSN)

Creative Planning grew its position in shares of VeriSign, Inc. (NASDAQ:VRSN - Free Report) by 40.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 16,984 shares of the information services provider's stock after buying an additional 4,850 shares during the period. Creative Planning's holdings in VeriSign were worth $3,226,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Troy Asset Management Ltd purchased a new stake in VeriSign during the 2nd quarter worth about $109,040,000. Mackenzie Financial Corp lifted its holdings in VeriSign by 836.8% during the 2nd 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 in the last quarter. Diamond Hill Capital Management Inc. purchased a new stake in VeriSign during the 2nd quarter worth about $67,914,000. TD Asset Management Inc lifted its holdings in VeriSign by 94.7% during the 1st quarter. TD Asset Management Inc now owns 643,173 shares of the information services provider's stock worth $121,888,000 after purchasing an additional 312,882 shares in the last quarter. Finally, AQR Capital Management LLC lifted its holdings in VeriSign by 44.5% during the 2nd 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 in the last quarter. Hedge funds and other institutional investors own 92.90% of the company's stock.

VeriSign Stock Down 2.1 %

VRSN traded down $3.86 during trading on Friday, reaching $181.26. 951,077 shares of the company were exchanged, compared to its average volume of 661,665. The company's 50-day moving average is $184.10 and its two-hundred day moving average is $179.70. 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, Inc. has a 12-month low of $167.04 and a 12-month high of $220.91.

VeriSign (NASDAQ:VRSN - Get Free Report) last issued its quarterly earnings data on Thursday, October 24th. The information services provider reported $2.07 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.01 by $0.06. The business had revenue of $390.60 million for the quarter, compared to analysts' expectations of $390.19 million. VeriSign had a negative return on equity of 46.63% and a net margin of 55.40%. The firm's quarterly revenue was up 3.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.83 EPS.

Insiders Place Their Bets

In other VeriSign news, EVP Thomas C. Indelicarto sold 2,456 shares of the company's stock in a transaction dated Friday, September 27th. The stock was sold at an average price of $190.00, for a total value of $466,640.00. Following the transaction, the executive vice president now directly owns 34,821 shares in the company, valued at $6,615,990. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other VeriSign news, EVP Thomas C. Indelicarto sold 1,228 shares of the company's stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $190.00, for a total value of $233,320.00. Following the transaction, the executive vice president now directly owns 33,593 shares in the company, valued at $6,382,670. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Thomas C. Indelicarto sold 2,456 shares of the company's stock in a transaction dated Friday, September 27th. The stock was sold at an average price of $190.00, for a total value of $466,640.00. Following the completion of the transaction, the executive vice president now owns 34,821 shares in the company, valued at $6,615,990. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 7,368 shares of company stock worth $1,399,920 in the last ninety days. 0.84% of the stock is currently owned by insiders.

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.