Holocene Advisors LP Has $9.66 Million Stock Position in VeriSign, Inc. (NASDAQ:VRSN)

Holocene Advisors LP grew its position in VeriSign, Inc. (NASDAQ:VRSN - Free Report) by 36.0% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 50,838 shares of the information services provider's stock after purchasing an additional 13,458 shares during the period. Holocene Advisors LP owned about 0.05% of VeriSign worth $9,657,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Blue Trust Inc. boosted its stake in VeriSign by 291.1% during the 2nd quarter. Blue Trust Inc. now owns 176 shares of the information services provider's stock valued at $33,000 after purchasing an additional 131 shares during the period. UMB Bank n.a. boosted its stake in VeriSign by 117.2% during the 2nd quarter. UMB Bank n.a. now owns 202 shares of the information services provider's stock valued at $36,000 after purchasing an additional 109 shares during the period. Rothschild Investment LLC bought a new stake in VeriSign during the 2nd quarter valued at approximately $38,000. Migdal Insurance & Financial Holdings Ltd. bought a new stake in VeriSign during the 2nd quarter valued at approximately $39,000. Finally, Concord Wealth Partners boosted its stake in VeriSign by 93.2% during 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 institutional investors and hedge funds.

Insiders Place Their Bets

In related news, EVP Thomas C. Indelicarto sold 1,228 shares of the firm'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 completion of the transaction, the executive vice president now owns 33,593 shares in the company, valued at $6,382,670. This trade represents a 3.53 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Danny R. Mcpherson sold 2,092 shares of the firm's stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $192.43, for a total value of $402,563.56. Following the sale, the executive vice president now directly owns 26,157 shares of the company's stock, valued at $5,033,391.51. This represents a 7.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 5,776 shares of company stock worth $1,102,524. 0.84% of the stock is currently owned by company insiders.

VeriSign Trading Down 0.5 %

NASDAQ:VRSN traded down $0.99 during mid-day trading on Wednesday, hitting $187.00. 505,787 shares of the company's stock traded hands, compared to its average volume of 664,070. The firm has a 50 day moving average of $184.80 and a two-hundred day moving average of $181.01. VeriSign, Inc. has a 12 month low of $167.04 and a 12 month high of $220.91. The firm has a market capitalization of $17.97 billion, a price-to-earnings ratio of 21.74 and a beta of 0.92.

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

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.