Thrivent Financial for Lutherans Grows Stock Holdings in VeriSign, Inc. (NASDAQ:VRSN)

Thrivent Financial for Lutherans grew its position in shares of VeriSign, Inc. (NASDAQ:VRSN - Free Report) by 11.8% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 75,740 shares of the information services provider's stock after purchasing an additional 7,988 shares during the quarter. Thrivent Financial for Lutherans owned approximately 0.08% of VeriSign worth $14,388,000 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 the company. D. E. Shaw & Co. Inc. boosted its stake in VeriSign by 0.8% during the 2nd quarter. D. E. Shaw & Co. Inc. now owns 1,472,803 shares of the information services provider's stock worth $261,864,000 after purchasing an additional 11,606 shares during the last quarter. Liontrust Investment Partners LLP raised its holdings in 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 acquiring an additional 48,344 shares during the last quarter. Lazard Asset Management LLC lifted its stake in VeriSign by 6.7% in the 1st quarter. Lazard Asset Management LLC now owns 793,507 shares of the information services provider's stock worth $150,376,000 after purchasing an additional 49,967 shares in the last quarter. AQR Capital Management LLC boosted its holdings in shares of VeriSign by 44.5% during the 2nd quarter. AQR Capital Management LLC now owns 788,687 shares of the information services provider's stock worth $139,771,000 after purchasing an additional 242,884 shares during the last quarter. Finally, TD Asset Management Inc increased its holdings in shares of VeriSign by 2.6% in the second 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 during the last quarter. Hedge funds and other institutional investors own 92.90% of the company's stock.

Insider Activity

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 completion of the sale, the executive vice president now directly owns 34,821 shares of the company's stock, valued at approximately $6,615,990. The trade was a 6.59 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.84% of the company's stock.

VeriSign Trading Up 0.0 %

NASDAQ:VRSN traded up $0.03 during trading hours on Thursday, hitting $181.44. The company had a trading volume of 8,926 shares, compared to its average volume of 658,391. VeriSign, Inc. has a 1 year low of $167.04 and a 1 year high of $220.91. The company has a market cap of $17.44 billion, a P/E ratio of 21.09 and a beta of 0.91. The company has a 50-day moving average of $183.78 and a 200 day moving average of $179.82.

VeriSign (NASDAQ:VRSN - Get Free Report) last posted its quarterly earnings results on Thursday, October 24th. The information services provider reported $2.07 earnings per share for the quarter, beating the consensus estimate of $2.01 by $0.06. The business had revenue of $390.60 million during the quarter, compared to analysts' expectations of $390.19 million. VeriSign had a net margin of 55.74% and a negative return on equity of 45.59%. The business's revenue for the quarter was up 3.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.83 EPS.

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.