Bamco Inc. NY Trims Stock Holdings in VeriSign, Inc. (NASDAQ:VRSN)

Bamco Inc. NY cut its position in VeriSign, Inc. (NASDAQ:VRSN - Free Report) by 23.2% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 154,738 shares of the information services provider's stock after selling 46,628 shares during the quarter. Bamco Inc. NY owned 0.16% of VeriSign worth $29,394,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. Blue Trust Inc. lifted its position in shares of VeriSign by 291.1% during the second quarter. Blue Trust Inc. now owns 176 shares of the information services provider's stock worth $33,000 after purchasing an additional 131 shares in the last quarter. UMB Bank n.a. raised its stake in shares of VeriSign by 117.2% in the second quarter. UMB Bank n.a. now owns 202 shares of the information services provider's stock valued at $36,000 after acquiring an additional 109 shares in the last quarter. Rothschild Investment LLC acquired a new position in VeriSign during the 2nd quarter worth $38,000. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in VeriSign during the 2nd quarter worth about $39,000. Finally, Concord Wealth Partners grew its position in shares of VeriSign by 93.2% during the third quarter. Concord Wealth Partners now owns 226 shares of the information services provider's stock worth $43,000 after buying an additional 109 shares in the last quarter. Institutional investors and hedge funds own 92.90% of the company's stock.

VeriSign Stock Down 1.2 %

VeriSign stock traded down $2.37 during trading on Tuesday, reaching $190.12. The stock had a trading volume of 130,795 shares, compared to its average volume of 662,146. VeriSign, Inc. has a 52-week low of $167.04 and a 52-week high of $220.91. The business has a 50 day moving average price of $184.62 and a 200 day moving average price of $180.85. The stock has a market cap of $18.27 billion, a PE ratio of 22.38 and a beta of 0.92.

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

Insider Activity at VeriSign

In other news, EVP Thomas C. Indelicarto sold 2,456 shares of the company's stock in a transaction on Friday, September 27th. The shares were sold at an average price of $190.00, for a total value of $466,640.00. Following the completion of the transaction, the executive vice president now owns 34,821 shares in the company, valued at approximately $6,615,990. This represents a 6.59 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. 0.84% of the stock is currently owned by corporate 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.