Versor Investments LP Has $1.79 Million Position in VeriSign, Inc. (NASDAQ:VRSN)

Versor Investments LP raised its stake in shares of VeriSign, Inc. (NASDAQ:VRSN - Free Report) by 453.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 9,401 shares of the information services provider's stock after purchasing an additional 7,701 shares during the quarter. Versor Investments LP's holdings in VeriSign were worth $1,786,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Troy Asset Management Ltd acquired a new position in VeriSign in the second quarter valued at about $109,040,000. Mackenzie Financial Corp grew its position in VeriSign by 836.8% during the 2nd quarter. Mackenzie Financial Corp now owns 473,187 shares of the information services provider's stock worth $84,133,000 after acquiring an additional 422,676 shares during the last quarter. Diamond Hill Capital Management Inc. acquired a new stake in VeriSign during the 2nd quarter valued at $67,914,000. TD Asset Management Inc raised its position in VeriSign by 94.7% in the 1st quarter. TD Asset Management Inc now owns 643,173 shares of the information services provider's stock valued at $121,888,000 after purchasing an additional 312,882 shares during the last quarter. Finally, Canoe Financial LP acquired a new position in VeriSign in the third quarter worth $46,455,000. 92.90% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other VeriSign news, EVP Thomas C. Indelicarto sold 1,228 shares of the stock in a transaction 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 transaction, the executive vice president now directly owns 33,593 shares in the company, valued at approximately $6,382,670. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, EVP Thomas C. Indelicarto sold 2,456 shares of the stock in a transaction that occurred 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 transaction, the executive vice president now directly owns 34,821 shares in the company, valued at $6,615,990. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Thomas C. Indelicarto sold 1,228 shares of the firm's stock in a transaction that occurred on Tuesday, October 15th. The shares were 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 directly owns 33,593 shares in the company, valued at approximately $6,382,670. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.84% of the stock is currently owned by corporate insiders.

VeriSign Price Performance

Shares of NASDAQ:VRSN traded up $1.54 during midday trading on Monday, reaching $185.10. The company's stock had a trading volume of 406,418 shares, compared to its average volume of 664,569. The business's fifty day simple moving average is $183.90 and its 200-day simple moving average is $179.34. VeriSign, Inc. has a fifty-two week low of $167.04 and a fifty-two week high of $220.91. The company has a market capitalization of $17.79 billion, a P/E ratio of 21.49 and a beta of 0.91.

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, beating 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 firm had revenue of $390.60 million during the quarter, compared to analysts' expectations of $390.19 million. During the same quarter last year, the company posted $1.83 EPS. The company's quarterly revenue was up 3.8% compared to the same quarter last year.

About VeriSign

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.