Nisa Investment Advisors LLC Reduces Holdings in VeriSign, Inc. (NASDAQ:VRSN)

Nisa Investment Advisors LLC decreased its position in shares of VeriSign, Inc. (NASDAQ:VRSN - Free Report) by 21.8% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 20,420 shares of the information services provider's stock after selling 5,699 shares during the quarter. Nisa Investment Advisors LLC's holdings in VeriSign were worth $3,879,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Troy Asset Management Ltd acquired a new stake in VeriSign during the 2nd quarter worth $109,040,000. Mackenzie Financial Corp boosted its stake in shares of VeriSign by 836.8% during the second 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 period. Diamond Hill Capital Management Inc. acquired a new stake in shares of VeriSign during the second quarter worth about $67,914,000. TD Asset Management Inc grew its holdings in shares of VeriSign by 94.7% during the first 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 last quarter. Finally, Canoe Financial LP acquired a new position in VeriSign in the 3rd quarter valued at about $46,455,000. Institutional investors and hedge funds own 92.90% of the company's stock.

VeriSign Stock Down 0.1 %

VRSN traded down $0.16 on Friday, hitting $176.68. 850,269 shares of the company traded hands, compared to its average volume of 607,860. VeriSign, Inc. has a 12-month low of $167.04 and a 12-month high of $220.91. The company has a 50 day moving average of $183.84 and a 200-day moving average of $179.42. The stock has a market capitalization of $16.98 billion, a PE ratio of 20.54 and a beta of 0.91.

VeriSign (NASDAQ:VRSN - Get Free Report) last issued its quarterly earnings results 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. The firm had revenue of $390.60 million during the quarter, compared to the consensus estimate of $390.19 million. VeriSign had a negative return on equity of 45.59% and a net margin of 55.74%. The company's revenue for the quarter was up 3.8% on a year-over-year basis. During the same period last year, the company earned $1.83 earnings per share.

Insider Transactions at VeriSign

In related news, EVP Thomas C. Indelicarto sold 1,228 shares of the 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 transaction, the executive vice president now directly 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 at this link. In other VeriSign news, EVP Thomas C. Indelicarto sold 2,456 shares of the firm's 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 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 trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Thomas C. Indelicarto sold 1,228 shares of the company's stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $190.00, for a total transaction 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. Company insiders own 0.84% of the company's stock.

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.