Robeco Institutional Asset Management B.V. Buys 3,588 Shares of VeriSign, Inc. (NASDAQ:VRSN)

Robeco Institutional Asset Management B.V. lifted its stake in VeriSign, Inc. (NASDAQ:VRSN - Free Report) by 2.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 132,737 shares of the information services provider's stock after acquiring an additional 3,588 shares during the period. Robeco Institutional Asset Management B.V. owned approximately 0.13% of VeriSign worth $25,215,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of VRSN. Mitsubishi UFJ Asset Management Co. Ltd. grew its position in VeriSign by 21.8% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 107,224 shares of the information services provider's stock worth $20,320,000 after purchasing an additional 19,215 shares during the last quarter. Sei Investments Co. grew its position in VeriSign by 133.6% during the first quarter. Sei Investments Co. now owns 37,213 shares of the information services provider's stock worth $7,052,000 after buying an additional 21,285 shares in the last quarter. SG Americas Securities LLC increased its stake in VeriSign by 21.5% during the first quarter. SG Americas Securities LLC now owns 53,602 shares of the information services provider's stock valued at $10,158,000 after acquiring an additional 9,487 shares during the period. Oppenheimer Asset Management Inc. bought a new stake in shares of VeriSign in the 1st quarter worth approximately $1,494,000. Finally, Janus Henderson Group PLC lifted its position in shares of VeriSign by 99.1% in the 1st quarter. Janus Henderson Group PLC now owns 24,199 shares of the information services provider's stock worth $4,585,000 after acquiring an additional 12,042 shares during the period. Institutional investors own 92.90% of the company's stock.

VeriSign Price Performance

Shares of VRSN traded up $7.43 on Wednesday, reaching $186.58. 1,110,606 shares of the stock traded hands, compared to its average volume of 666,579. The stock's 50-day moving average price is $183.83 and its 200-day moving average price is $179.38. The firm has a market cap of $17.93 billion, a price-to-earnings ratio of 21.70 and a beta of 0.91. VeriSign, Inc. has a 12 month low of $167.04 and a 12 month high of $220.91.

VeriSign (NASDAQ:VRSN - Get Free Report) last announced its quarterly earnings results on Thursday, October 24th. The information services provider reported $2.07 earnings per share (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 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 previous year, the firm posted $1.83 EPS.

Insider Buying and Selling

In other VeriSign news, EVP Thomas C. Indelicarto sold 1,228 shares of VeriSign 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 of the company's stock, valued at approximately $6,382,670. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, EVP Thomas C. Indelicarto sold 2,456 shares of the business's stock in a transaction that occurred 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 transaction, the executive vice president now directly owns 34,821 shares of the company's stock, valued at $6,615,990. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Thomas C. Indelicarto sold 1,228 shares of the stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $190.00, for a total value of $233,320.00. Following the sale, the executive vice president now owns 33,593 shares in the company, valued at approximately $6,382,670. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.84% of the company's stock.

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.