Victory Capital Management Inc. Increases Stake in VeriSign, Inc. (NASDAQ:VRSN)

Victory Capital Management Inc. raised its position in VeriSign, Inc. (NASDAQ:VRSN - Free Report) by 5.4% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 104,110 shares of the information services provider's stock after purchasing an additional 5,303 shares during the period. Victory Capital Management Inc. owned approximately 0.11% of VeriSign worth $19,777,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Empowered Funds LLC bought a new stake in shares of VeriSign during the first quarter worth approximately $223,000. Acadian Asset Management LLC increased its position in VeriSign by 7,443.1% in the 1st quarter. Acadian Asset Management LLC now owns 29,946 shares of the information services provider's stock valued at $5,673,000 after acquiring an additional 29,549 shares during the period. CANADA LIFE ASSURANCE Co raised its position in VeriSign by 1.4% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 110,284 shares of the information services provider's stock worth $20,915,000 after purchasing an additional 1,472 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in shares of VeriSign in the 1st quarter worth approximately $147,000. Finally, Natixis grew its position in shares of VeriSign by 369.5% during the 1st quarter. Natixis now owns 63,499 shares of the information services provider's stock worth $12,034,000 after buying an additional 49,973 shares during the period. 92.90% of the stock is currently owned by institutional investors.

VeriSign Stock Performance

VeriSign stock traded down $0.95 during mid-day trading on Tuesday, reaching $178.25. The stock had a trading volume of 476,455 shares, compared to its average volume of 662,098. The firm has a market capitalization of $17.13 billion, a PE ratio of 20.75 and a beta of 0.91. The stock's 50-day simple moving average is $183.85 and its 200-day simple moving average is $179.73. VeriSign, Inc. has a fifty-two week low of $167.04 and a fifty-two week high of $220.91.

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 (EPS) for the quarter, topping analysts' consensus estimates 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 for the quarter, compared to the consensus estimate of $390.19 million. During the same period in the previous year, the firm earned $1.83 EPS. The business's revenue for the quarter was up 3.8% compared to the same quarter last year.

Insider Buying and Selling

In other news, EVP Thomas C. Indelicarto sold 1,228 shares of the firm's stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $190.00, for a total transaction of $233,320.00. Following the transaction, the executive vice president now directly owns 33,593 shares of the company's stock, valued at approximately $6,382,670. This trade represents a 3.53 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.84% of the stock is currently owned by insiders.

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.