Canoe Financial LP Acquires Shares of 243,677 VeriSign, Inc. (NASDAQ:VRSN)

Canoe Financial LP bought a new position in VeriSign, Inc. (NASDAQ:VRSN - Free Report) in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 243,677 shares of the information services provider's stock, valued at approximately $46,455,000. Canoe Financial LP owned approximately 0.24% of VeriSign as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of VRSN. Blue Trust Inc. grew its stake in shares of VeriSign by 291.1% in the second quarter. Blue Trust Inc. now owns 176 shares of the information services provider's stock worth $33,000 after purchasing an additional 131 shares during the last quarter. UMB Bank n.a. increased its stake in shares of VeriSign by 117.2% in the second quarter. UMB Bank n.a. now owns 202 shares of the information services provider's stock valued at $36,000 after buying an additional 109 shares during the period. Rothschild Investment LLC acquired a new stake in shares of VeriSign in the second quarter valued at about $38,000. Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of VeriSign during the second quarter worth about $39,000. Finally, Versant Capital Management Inc lifted its stake in shares of VeriSign by 55.7% in the second quarter. Versant Capital Management Inc now owns 327 shares of the information services provider's stock worth $58,000 after acquiring an additional 117 shares during the period. 92.90% of the stock is currently owned by institutional investors.

VeriSign Stock Down 1.2 %

VeriSign stock traded down $2.19 during mid-day trading on Monday, hitting $179.07. 882,293 shares of the stock were exchanged, compared to its average volume of 662,726. The firm's fifty day simple moving average is $184.10 and its two-hundred day simple moving average is $179.64. VeriSign, Inc. has a 12 month low of $167.04 and a 12 month high of $220.91. The stock has a market capitalization of $17.84 billion, a price-to-earnings ratio of 21.98 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, topping the consensus estimate of $2.01 by $0.06. VeriSign had a negative return on equity of 45.59% and a net margin of 55.74%. The firm had revenue of $390.60 million during the quarter, compared to analyst estimates of $390.19 million. During the same period last year, the company posted $1.83 EPS. The business's quarterly revenue was up 3.8% on a year-over-year basis.

Insider Buying and Selling at VeriSign

In other news, EVP Thomas C. Indelicarto sold 2,456 shares of VeriSign stock in a transaction 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 in the company, valued at $6,615,990. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other news, EVP Thomas C. Indelicarto sold 2,456 shares of the firm'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 sale, the executive vice president now directly owns 34,821 shares in the company, valued at $6,615,990. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Thomas C. Indelicarto sold 1,228 shares of the company's stock in a transaction that occurred on 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 approximately $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 own 0.84% of the company's stock.

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.