Canoe Financial LP Takes $46.46 Million Position in VeriSign, Inc. (NASDAQ:VRSN)

Canoe Financial LP bought a new stake in VeriSign, Inc. (NASDAQ:VRSN) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 243,677 shares of the information services provider’s stock, valued at approximately $46,455,000. Canoe Financial LP owned approximately 0.24% of VeriSign as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also added to or reduced their stakes in VRSN. SteelPeak Wealth LLC bought a new position in VeriSign in the first quarter valued at about $408,000. Mirae Asset Global Investments Co. Ltd. boosted its holdings in VeriSign by 11.5% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 21,913 shares of the information services provider’s stock valued at $4,287,000 after acquiring an additional 2,258 shares during the last quarter. BNP Paribas Financial Markets boosted its holdings in VeriSign by 38.9% during the first quarter. BNP Paribas Financial Markets now owns 546,308 shares of the information services provider’s stock worth $103,531,000 after buying an additional 153,035 shares during the last quarter. Fidelis Capital Partners LLC boosted its holdings in VeriSign by 18.2% during the first quarter. Fidelis Capital Partners LLC now owns 1,191 shares of the information services provider’s stock worth $226,000 after buying an additional 183 shares during the last quarter. Finally, Daiwa Securities Group Inc. boosted its holdings in VeriSign by 1.7% during the first quarter. Daiwa Securities Group Inc. now owns 10,635 shares of the information services provider’s stock worth $2,015,000 after buying an additional 176 shares during the last quarter. Institutional investors own 92.90% of the company’s stock.

Insider Transactions at VeriSign

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 sale, the executive vice president now owns 33,593 shares of the company’s stock, valued at $6,382,670. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 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 sale, the executive vice president now owns 33,593 shares of the company’s stock, valued at $6,382,670. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Thomas C. Indelicarto sold 2,456 shares of the firm’s stock in a transaction dated Friday, September 27th. The stock was sold at an average price of $190.00, for a total value of $466,640.00. Following the sale, the executive vice president now directly owns 34,821 shares in the company, valued at approximately $6,615,990. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 0.84% of the stock is currently owned by insiders.

VeriSign Trading Down 2.1 %

Shares of VRSN opened at $181.26 on Monday. VeriSign, Inc. has a 1 year low of $167.04 and a 1 year high of $220.91. The stock has a market cap of $17.42 billion, a P/E ratio of 21.08 and a beta of 0.90. The stock’s 50-day moving average price is $184.10 and its two-hundred day moving average price is $179.64.

VeriSign (NASDAQ:VRSN) last issued 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. VeriSign had a negative return on equity of 45.59% and a net margin of 55.74%. The firm had revenue of $390.60 million for the quarter, compared to analysts’ expectations of $390.19 million. During the same quarter last year, the business earned $1.83 earnings per share. The company’s 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.