VeriSign, Inc. (NASDAQ:VRSN) Shares Bought by Qsemble Capital Management LP

Qsemble Capital Management LP boosted its stake in shares of VeriSign, Inc. (NASDAQ:VRSN) by 360.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,646 shares of the information services provider’s stock after buying an additional 4,419 shares during the quarter. Qsemble Capital Management LP’s holdings in VeriSign were worth $1,073,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in VRSN. Trust Asset Management LLC purchased a new position in shares of VeriSign during the third quarter worth $200,000. Daiwa Securities Group Inc. lifted its stake in VeriSign by 8.3% during the 3rd quarter. Daiwa Securities Group Inc. now owns 12,229 shares of the information services provider’s stock worth $2,323,000 after acquiring an additional 942 shares in the last quarter. Algert Global LLC boosted its holdings in VeriSign by 18.5% during the 3rd quarter. Algert Global LLC now owns 3,655 shares of the information services provider’s stock valued at $694,000 after acquiring an additional 570 shares during the period. Cerity Partners LLC boosted its holdings in VeriSign by 198.3% during the 3rd quarter. Cerity Partners LLC now owns 27,240 shares of the information services provider’s stock valued at $5,174,000 after acquiring an additional 18,108 shares during the period. Finally, Citigroup Inc. grew its position in VeriSign by 9.8% in the 3rd quarter. Citigroup Inc. now owns 233,323 shares of the information services provider’s stock valued at $44,322,000 after acquiring an additional 20,914 shares in the last quarter. 92.90% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at VeriSign

In related news, EVP Thomas C. Indelicarto sold 1,228 shares of the company’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 sale, the executive vice president now directly owns 33,593 shares in the company, valued at approximately $6,382,670. This represents a 3.53 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.84% of the stock is currently owned by company insiders.

VeriSign Stock Performance

Shares of VRSN opened at $185.16 on Wednesday. The company’s 50-day simple moving average is $183.87 and its 200-day simple moving average is $180.27. VeriSign, Inc. has a 1 year low of $167.04 and a 1 year high of $220.91. The stock has a market capitalization of $17.79 billion, a PE ratio of 21.53 and a beta of 0.91.

VeriSign (NASDAQ:VRSN) last released its earnings results 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. The company 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 firm’s quarterly revenue was up 3.8% on a year-over-year basis. During the same period in the prior year, the business earned $1.83 EPS.

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.