Boston Financial Mangement LLC cut its position in shares of VeriSign, Inc. (NASDAQ:VRSN - Free Report) by 11.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 170,548 shares of the information services provider's stock after selling 21,104 shares during the period. Boston Financial Mangement LLC owned 0.17% of VeriSign worth $32,397,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently modified their holdings of the company. Troy Asset Management Ltd acquired a new stake in VeriSign during the 2nd quarter valued at $109,040,000. Mackenzie Financial Corp lifted its stake in shares of 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 buying an additional 422,676 shares during the last quarter. Diamond Hill Capital Management Inc. acquired a new stake in shares of VeriSign during the 2nd quarter worth about $67,914,000. TD Asset Management Inc boosted its holdings in shares of 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 buying an additional 312,882 shares during the period. Finally, Canoe Financial LP acquired a new position in VeriSign in the 3rd quarter valued at about $46,455,000. 92.90% of the stock is owned by institutional investors.
Insiders Place Their Bets
In related news, EVP Thomas C. Indelicarto sold 1,228 shares of the company's stock in a transaction dated 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 sale, the executive vice president now owns 33,593 shares of the company's stock, valued at $6,382,670. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, EVP Thomas C. Indelicarto sold 2,456 shares of VeriSign stock in a transaction on 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 owns 34,821 shares in the company, valued at approximately $6,615,990. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Thomas C. Indelicarto sold 1,228 shares of the business's stock in a transaction 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 of the company's stock, valued at $6,382,670. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.84% of the company's stock.
VeriSign Stock Performance
Shares of NASDAQ VRSN traded down $0.30 during trading hours on Tuesday, reaching $178.77. 857,013 shares of the stock were exchanged, compared to its average volume of 663,755. The firm has a market capitalization of $17.81 billion, a price-to-earnings ratio of 22.00 and a beta of 0.90. The stock's fifty day simple moving average is $184.02 and its 200 day simple moving average is $179.57. VeriSign, Inc. has a 52 week low of $167.04 and a 52 week high of $220.91.
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 (EPS) for the quarter, beating analysts' consensus estimates of $2.01 by $0.06. VeriSign had a net margin of 55.74% and a negative return on equity of 45.59%. The firm had revenue of $390.60 million during the quarter, compared to the consensus estimate of $390.19 million. During the same quarter in the previous year, the firm posted $1.83 EPS. The business's revenue for the quarter was up 3.8% compared to the same quarter last year.
About VeriSign
(
Free Report)
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.
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