Sumitomo Mitsui Trust Group Inc. Sells 5,518 Shares of VeriSign, Inc. (NASDAQ:VRSN)

Sumitomo Mitsui Trust Group Inc. reduced its position in VeriSign, Inc. (NASDAQ:VRSN - Free Report) by 2.3% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 231,474 shares of the information services provider's stock after selling 5,518 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned approximately 0.24% of VeriSign worth $43,971,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also bought and sold shares of the company. Blue Trust Inc. boosted its holdings 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 acquiring an additional 131 shares during the period. UMB Bank n.a. increased its position in shares of VeriSign by 117.2% during 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 purchased a new stake in shares of VeriSign in the second quarter worth about $38,000. Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of VeriSign in the second quarter valued at approximately $39,000. Finally, Concord Wealth Partners boosted its holdings in VeriSign by 93.2% in the 3rd quarter. Concord Wealth Partners now owns 226 shares of the information services provider's stock valued at $43,000 after purchasing an additional 109 shares during the period. 92.90% of the stock is owned by hedge funds and other institutional investors.

VeriSign Trading Down 1.9 %

Shares of VeriSign stock traded down $3.48 during trading on Friday, hitting $180.88. The stock had a trading volume of 666,749 shares, compared to its average volume of 658,197. VeriSign, Inc. has a 12 month low of $167.04 and a 12 month high of $220.91. The firm has a market cap of $17.38 billion, a price-to-earnings ratio of 21.03 and a beta of 0.91. The business's 50-day moving average is $183.91 and its 200 day moving average is $179.53.

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 net margin of 55.74% and a negative return on equity of 45.59%. The company had revenue of $390.60 million for the quarter, compared to analysts' expectations of $390.19 million. During the same period in the prior year, the business earned $1.83 earnings per share. VeriSign's revenue for the quarter was up 3.8% compared to the same quarter last year.

Insider Activity at VeriSign

In other news, EVP Thomas C. Indelicarto sold 1,228 shares of the business'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 completion of the sale, the executive vice president now owns 33,593 shares of the company's stock, valued at approximately $6,382,670. The trade was a 3.53 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.84% of the stock is owned by insiders.

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.