VeriSign, Inc. (NASDAQ:VRSN) Shares Acquired by West Family Investments Inc.

West Family Investments Inc. grew its holdings in VeriSign, Inc. (NASDAQ:VRSN) by 3.9% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,537 shares of the information services provider’s stock after buying an additional 57 shares during the period. West Family Investments Inc.’s holdings in VeriSign were worth $292,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of VRSN. Acadian Asset Management LLC increased its position in VeriSign by 7,443.1% during the first quarter. Acadian Asset Management LLC now owns 29,946 shares of the information services provider’s stock worth $5,673,000 after purchasing an additional 29,549 shares during the last quarter. CANADA LIFE ASSURANCE Co increased its position in VeriSign by 1.4% during the first 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 stake in VeriSign during the first quarter worth about $147,000. Natixis increased its position in VeriSign by 369.5% during the first quarter. Natixis now owns 63,499 shares of the information services provider’s stock worth $12,034,000 after purchasing an additional 49,973 shares during the last quarter. Finally, Epoch Investment Partners Inc. increased its position in VeriSign by 245.4% during the first quarter. Epoch Investment Partners Inc. now owns 334,652 shares of the information services provider’s stock worth $63,420,000 after purchasing an additional 237,770 shares during the last quarter. 92.90% of the stock is currently owned by institutional investors and hedge funds.

VeriSign Trading Down 0.5 %

VeriSign stock opened at $178.25 on Wednesday. VeriSign, Inc. has a 12-month low of $167.04 and a 12-month high of $220.91. The stock has a market cap of $17.13 billion, a P/E ratio of 20.73 and a beta of 0.91. The company has a 50-day moving average price of $183.79 and a 200 day moving average price of $179.80.

VeriSign (NASDAQ:VRSN) last announced its quarterly earnings results on Thursday, October 24th. The information services provider reported $2.07 earnings per share for the quarter, beating 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 business had revenue of $390.60 million during the quarter, compared to analysts’ expectations of $390.19 million. During the same period last year, the business earned $1.83 earnings per share. The business’s revenue for the quarter was up 3.8% on a year-over-year basis.

Insider Buying and Selling at VeriSign

In other VeriSign news, EVP Thomas C. Indelicarto sold 1,228 shares of VeriSign stock in a transaction dated 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 sale, the executive vice president now directly owns 33,593 shares in the company, valued at $6,382,670. This trade represents a 3.53 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.84% of the company’s stock.

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.