Blueshift Asset Management LLC Purchases 967 Shares of VeriSign, Inc. (NASDAQ:VRSN)

Blueshift Asset Management LLC grew its stake in VeriSign, Inc. (NASDAQ:VRSN) by 40.4% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,358 shares of the information services provider’s stock after acquiring an additional 967 shares during the quarter. Blueshift Asset Management LLC’s holdings in VeriSign were worth $638,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Blue Trust Inc. increased its holdings in shares of VeriSign by 291.1% in the 2nd 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. boosted its position in shares of VeriSign by 117.2% during the second quarter. UMB Bank n.a. now owns 202 shares of the information services provider’s stock valued at $36,000 after buying an additional 109 shares during the last quarter. Rothschild Investment LLC bought a new stake in VeriSign in the 2nd quarter worth about $38,000. Migdal Insurance & Financial Holdings Ltd. purchased a new position in VeriSign in the 2nd quarter worth about $39,000. Finally, Concord Wealth Partners lifted its stake in VeriSign by 93.2% during the 3rd quarter. Concord Wealth Partners now owns 226 shares of the information services provider’s stock valued at $43,000 after acquiring an additional 109 shares during the period. Institutional investors own 92.90% of the company’s stock.

VeriSign Stock Up 3.5 %

Shares of NASDAQ VRSN opened at $191.63 on Thursday. The firm’s 50-day moving average price is $184.12 and its 200-day moving average price is $180.35. VeriSign, Inc. has a 52-week low of $167.04 and a 52-week high of $220.91. The company has a market cap of $18.42 billion, a PE ratio of 22.28 and a beta of 0.91.

VeriSign (NASDAQ:VRSN) last posted its earnings results on Thursday, October 24th. The information services provider reported $2.07 EPS for the quarter, topping analysts’ consensus estimates of $2.01 by $0.06. The business had revenue of $390.60 million during the quarter, compared to the consensus estimate of $390.19 million. VeriSign had a net margin of 55.74% and a negative return on equity of 45.59%. The firm’s revenue 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 related news, 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 value of $233,320.00. Following the transaction, the executive vice president now 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 transaction was disclosed in a filing with the SEC, which can be accessed 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.