VeriSign, Inc. (NASDAQ:VRSN) Shares Purchased by NFJ Investment Group LLC

NFJ Investment Group LLC boosted its stake in shares of VeriSign, Inc. (NASDAQ:VRSN - Free Report) by 12.5% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 37,045 shares of the information services provider's stock after buying an additional 4,116 shares during the quarter. NFJ Investment Group LLC's holdings in VeriSign were worth $7,037,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in VRSN. D. E. Shaw & Co. Inc. raised its holdings in shares of VeriSign by 0.8% in the 2nd quarter. D. E. Shaw & Co. Inc. now owns 1,472,803 shares of the information services provider's stock valued at $261,864,000 after purchasing an additional 11,606 shares in the last quarter. Liontrust Investment Partners LLP raised its holdings in shares of VeriSign by 5.8% in the 2nd quarter. Liontrust Investment Partners LLP now owns 881,366 shares of the information services provider's stock valued at $156,707,000 after purchasing an additional 48,344 shares in the last quarter. AQR Capital Management LLC raised its holdings in shares of VeriSign by 44.5% in the 2nd quarter. AQR Capital Management LLC now owns 788,687 shares of the information services provider's stock valued at $139,771,000 after purchasing an additional 242,884 shares in the last quarter. Jacobs Levy Equity Management Inc. raised its holdings in shares of VeriSign by 7.3% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 693,369 shares of the information services provider's stock valued at $131,712,000 after purchasing an additional 47,412 shares in the last quarter. Finally, TD Asset Management Inc raised its holdings in shares of VeriSign by 2.6% in the 2nd quarter. TD Asset Management Inc now owns 660,191 shares of the information services provider's stock valued at $117,382,000 after purchasing an additional 17,018 shares in the last quarter. Institutional investors own 92.90% of the company's stock.

VeriSign Stock Down 0.9 %

Shares of VeriSign stock traded down $1.78 on Wednesday, reaching $186.21. The stock had a trading volume of 253,660 shares, compared to its average volume of 662,917. The company has a 50 day moving average price of $184.70 and a 200 day moving average price of $180.97. VeriSign, Inc. has a 1 year low of $167.04 and a 1 year high of $220.91. The stock has a market capitalization of $17.89 billion, a P/E ratio of 21.69 and a beta of 0.92.

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. 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 for the quarter, compared to the consensus estimate of $390.19 million. During the same quarter in the previous year, the firm earned $1.83 EPS. The company's quarterly revenue was up 3.8% compared to the same quarter last year.

Insider Transactions at VeriSign

In other VeriSign news, EVP Danny R. Mcpherson sold 2,092 shares of the business's stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $192.43, for a total transaction of $402,563.56. Following the sale, the executive vice president now owns 26,157 shares of the company's stock, valued at approximately $5,033,391.51. The trade was a 7.41 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Thomas C. Indelicarto sold 1,228 shares of the business'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 transaction of $233,320.00. Following the sale, the executive vice president now directly owns 33,593 shares in the company, valued at approximately $6,382,670. This represents a 3.53 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 5,776 shares of company stock valued at $1,102,524 in the last 90 days. 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.